AURORA GROUP COMPANIES COMPLETE REFINANCING AHEAD OF NEW ELECTRICITY NETWORK INVESTMENTS
Aurora Infrastructure Oy subsidiaries have re-financed their existing loans on 31 July 2018 and raised additional financing for future network investments, for a total amount of EUR 310 million. The refinancing tranches come from institutional investors formed by AXA Investment Managers – Real Assets (acting on behalf of clients), Samsung Life and Rivage Investment (acting on behalf of clients), and the capital expenditures loans have been secured from CACIB, Nordea and SEB banks.
The maturity of the loans agreed upon in the new financing are twelve years for institutional tranches and seven years for bank tranches.
CACIB acted as Financial Advisor and Placement Agent to Aurora, Allen & Overy acted as Legal Advisor to Aurora, while Linklaters advised the Lenders.
“The core of our business is to develop and operate reliable electricity distribution and transmissions assets in demanding environments. These assets are highly capital-intensive and we are happy to have secured a flexible and long-term financing structure. This ultimately benefits our corporate customers as investments into strategic networks can be made irrespective of market conditions of their underlying businesses.” CEO Tony Lindroos from Aurora relates.
For more information, please contact
Mr. Tony Lindroos
CEO, Aurora Infrastructure Ltd
+358 40 658 7474