VINCI : LISEA, the concession company operating the South Europe Atlantic high-speed rail line, finalises the refinancing of ...
21 Dicembre 2018 - 08:30AM
Rueil Malmaison, 21 december
2018
LISEA, the
concession company operating the South Europe Atlantic high-speed
rail line, finalises the refinancing of its commercial debt
LISEA, a VINCI Concessions
subsidiary (33.4%) and the concession company that will be
operating the South Europe Atlantic high-speed rail line until
2061, has refinanced €2.2 billion of the debt it raised from a pool
of banks in 2011 to finance the construction of the rail line
between Tours and Bordeaux.
This transaction encompasses a
€1.3 billion bank loan maturing over 27 years, along with two
fixed-rate tranches from institutional investors amounting to a
total of €905 million and maturing over 30 and 35 years.
These two fixed-rate tranches have
earned the Green Bond label from Vigeo, an independent rating
agency, on account of LISEA's environmental commitments.
This refinancing operation is one
of the largest in Europe this year enables LISEA to decrease its
cost of debt and extend its average maturity benefiting from these
long-term resources at an attractive cost.
Financial closing is expected at
the beginning of 2019.
The South Europe Atlantic
high-speed rail line opened to traffic on 2 July 2017 and has
shortened travel times between Paris and Bordeaux to two
hours.
PRESS CONTACT
VINCI Press department
Tel.: +33 (0)1 47 16 31 82
media.relations@vinci.com
About VINCI
Concessions
VINCI Concessions is an international leader in airport, motorway
and railway concessions, and operating in 20 countries. We leverage
our integrated concession and construction model, along with our
expertise in design, financing, programme management, operation and
maintenance, to serve awarding authorities and partners for the
long term, by delivering high-profile assets and growth on each of
the projects they entrust us with. Our 17,000 employees are
committed to the highest standards of excellence and to providing
our customers with unsurpassed services on all the infrastructure
we operate.
www.vinci-concessions.com
About
VINCI
VINCI is a global player in
concessions and contracting, employing close to 195,000 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.
VINCI's goal is to create long-term value for its 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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