Rubicon Advises Sacyr and 3i MIA on Financing for Spanish Toll Road Expansion Innovative HoldCo Structure Provides Both Flexibility and Competitive Terms

DUBLIN, IRELAND, January 10, 2019 – Rubicon Infrastructure Advisors (“Rubicon”) is pleased to announce the closing of a junior debt loan facility (the “Facility”) for a portfolio company that is majority owned by Sacyr Concesiones S.L. (“Sacyr”) and 3i Managed Infrastructure Acquisitions L.P. (“3i MIA”), a fund managed by 3i Investments plc.

The Facility will fund Autovía del Turia, Concesionaria de la Generalitat Valenciana, S.A. (the “Company”) as it undertakes a program of required expansion works for the CV-35 and CV-50 shadow toll roads connecting the city of Valencia with the interior of the region. Through a competitive dual track process, Rubicon was able to provide options for the Company to fund the expansion works through either senior or junior debt facilities.

The junior debt solution allows the Company to retain its existing senior funding, which has competitive margins, whilst also providing the flexibility to take advantage of further expected improvements to the economy of Valencia.

“This was an extremely competitive debt procurement process with some of the most active lenders in the infrastructure space participating in the process,” noted Rubicon Managing Director Jesus Gonzalez Torrijos. “We were pleased to be able to execute this innovative solution and to have the opportunity to work with Sacyr and 3i MIA.”

About Rubicon Infrastructure Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy & utilities sectors. With offices in Europe and the Americas, along with further expansion plans in 2019 to open an office in Sydney, the firm has a truly global reach. Since inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of approximately 100 essential infrastructure, energy & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value in excess of USD $40 billion. The firm is regulated by the Central Bank of Ireland. Learn more about the firm at: www.rubiconinfra.com and by following Rubicon Infrastructure Advisors on LinkedIn.

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Tom Weirich
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E: tom.weirich@rubiconinfra.com