Rubicon Infrastructure Advisors (“Rubicon”) is pleased to announce that the refinancing of the N33 motorway project in the Netherlands has reached financial close. The N33 is a brownfield availability-based PPP project that has been operational since September 2014 and is owned by BAM and PGGM through their successful joint venture BAM PPP PGGM Infrastructure Coöperatie U.A..
Following a funding process carried out by Rubicon, a European bank was selected as the mandated lead arranger to provide the funding alongside Stichting Depositary APG Alternative Inflation Pool (“APG”). Rubicon managed to achieve improved terms to the existing commercial facility.
This is the third refinancing in the Netherlands completed by Rubicon in the last 4 months.
About Rubicon Infrastructure Advisors
With representation in Dublin, New York, Madrid and Sydney, Rubicon is a specialist investment banking firm focused solely on the global infrastructure and energy market. The firm’s team comprises industry experts with extensive experience and who have advised or structured over €200 billion worth of infrastructure transactions across multiple sectors and jurisdictions (www.rubiconinfra.com).
BAM PPP PGGM Infrastructure Coöperatie U.A. was formed in 2011 by BAM PPP and PGGM to provide a long-term partnership to invest in social and transport PPPs in the Netherlands, Belgium, the United Kingdom, Ireland, Germany and Switzerland.
BAM PPP PGGM Infrastructure Coöperatie U.A. has invested in 20 projects to date and has committed investments in a further 9 projects which are post financial close and under construction.