VINCI : Financing deal for ARCOS, which holds the concession for the A355 motorway
27 Aprile 2018 - 8:00AM
Rueil-Malmaison, 27 April 2018
Financing
deal for ARCOS, which holds the concession for the A355
motorway
ARCOS, a wholly-owned subsidiary
of the VINCI group, holds a concession contract with the French
government since 29 January 2016. This 54-year contract covers the
design, financing, construction, operation and maintenance of the
A355 motorway, which bypasses Strasbourg to the west.
As part of the financing deal of
this project, ARCOS has taken out "soft mini perm" loans
amortizable over 27 years for a total amount of €359 million,
breaking down as follows:
-
€186 million from a banking syndicate consisting
of Banca IMI S.p.A, CaixaBank, KBC, CSOB, Caisse Régionale de
Crédit Agricole Alsace Vosges and AUXIFIP.
-
€173 million from the European Investment Bank,
which is providing senior debt and an innovative credit enhancement
instrument for the senior debt via the European Fund for Strategic
Investments. This pioneering financing deal is approved under the
Investment Plan for Europe or "Juncker Plan". The A355 is
France's first motorway project with traffic-level risk to benefit
from this facility.
The transaction allows ARCOS to
take advantage of favourable market conditions to improve the
credit terms and financial structure of the project.
PRESS CONTACT
VINCI press department
Tel: +33 (0)1 47 16 31 82
media.relations@vinci.com
About
VINCI
VINCI is a global player in
concessions and contracting, employing over 190,000 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. Our goal is to
build long-term value in this way for our customers, shareholders,
employees and partners, and for society at large.
www.vinci.com
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Source: VINCI via Globenewswire
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