VINCI : Refinancing of Arcour, concessionaire of the A19 motorway between Artenay and Courtenay in France
22 Novembre 2017 - 8:30AM
Rueil Malmaison, November
22nd 2017
Refinancing of
Arcour, concessionaire of the A19 motorway between Artenay and
Courtenay in France
Arcour, a VINCI Autoroutes
subsidiary, finalized yesterday the refinancing of its credit
facilities granted in 2008 by a pool of commercial banks.
Arcour signed a concession
contract with the French state on March 31st 2005, for 65
years, covering the design, finance, build, and operation of the
A19 motorway section between Artenay and Courtenay.
After 8 years of operation, Arcour
issued a 417 million euro private placement of project bond type,
amortizable over 30 years with a fixed rate of 2.817% and
subscribed by investors represented by Allianz Global Investors,
AXA M - Real Estate, La Banque Postale Asset Management and MEAG
MUNICH ERGO AssetManagement GmbH.
Concurrently, the 191 million euro
loan granted by the European Investment Bank in 2008 has been
maintained, and its amortization profile and maturity were
lengthened to be aligned with those of the new bond.
Thanks to this very long-term
refinancing, Arcour improves its financial structure on a
sustainable basis.
PRESS CONTACT
VINCI Press department
Tel.: +33 1 47 16 31 82
Media.relations@vinci.com
About
VINCI
VINCI is a global player in concessions and construction, employing
more than 183,000 people in some 100 countries. We design, finance,
build and operate infrastructure and facilities that help improve
daily life and mobility for all. Because we believe in all-round
performance, above and beyond economic and financial results, we
are committed to operating in an environmentally and socially
responsible manner. And because our projects are in the public
interest, we consider that reaching out to all our stakeholders and
engaging in dialogue with them is essential in the conduct of our
business activities.
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Source: VINCI via Globenewswire
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