Infrastructure Funds

Legal/Regs

Leis/Stadia

  • Melco raising Studio City project loan 10 February 2012

    Melco Crown Entertainment has mandated six banks to arrange a loan of up to $1.25 billion for its $2 billion Studio City casino resort project in Macau.

  • Calgary resurrects recreation PPP 09 February 2012

    The city of Calgary has identified C$100 million ($100.6 million) in local funds for its proposed C$400 million recreation centres

  • Barclays and Vinci close on military sports PPP 09 January 2012

    Barclays European Infrastructure Fund II (90%) and GTM (10%), a subsidiary of Vinci, have closed the financing for a French military sports centre PPP.

  • Regina approves stadium PPP 05 January 2012

    The city council of Regina, Saskatchewan, has approved a 30- to 50-year concession for the Mosaic Stadium replacement

Manu/Ind

Mining/Metals

  • Mitsubishi closes on Jack Hills and Oakajee purchase 21 February 2012

    Mitsubishi Corporation has closed the A$325 million ($347 million) acquisition of the Jack Hills iron ore mine and Oakajee port and rail project from Murchison Metals

  • Krakatau Posco steel mill financed 17 February 2012

    Krakatau Posco - a joint venture between Posco (70%) and Krakatau (30%) - has raised a $1.7 billion 14-year facility to back development of a 1.5 mtpa integrated steel mill project in Cilegon, Indonesia.

  • Passendro gold project picks up commitments 15 February 2012

    Four new lenders have joined Standard Bank on the debt facility for Axmin’s Passendro gold project in the Central African Republic, bringing potential commitments to $185 million. Two further lenders are also expected to commit an additional $75 million in the next two weeks.

  • New expansion at Escondida approved 14 February 2012

    The shareholders of the Escondida copper mine in norther Chile have approved a $4.5 billion expansion programme at the operation.

Multi/PRI/ECA

Oil & Gas

Petrochems

  • Sadara ECA meetings 15 February 2012

    ECA meetings for Saudi Aramco and Dow's $20 billion Sadara petrochemical project are being held in London and Washington DC in the coming days

  • Sace covered loan for Reliance 10 February 2012

    Five international banks have funded a $400 million loan to Reliance Industries under cover from Italian export credit agency Sace.

  • Rentech to use intercompany bridge for nitrogen expansion 11 January 2012

    Synthetic fuels developer Rentech is providing Rentech Nitrogen Partners with a $40 million bridge loan to fund development of an ammonia and storage expansion

  • DEAL ANALYSIS: MbAC Itafos 03 January 2012

    MbAC’s financing for an integrated mine and production facility drew on elements of both agricultural and mining financing practices.

PFI/PPP/Muni

Power

Project securitization

Renewables

  • Earth Heat lines up drilling loan for Copahue 22 February 2012

    Geothermal developer Earth Heat Resources has mandated Corporacion Interamericana para el Financiamento de Infraestructura (CIFI) as lead arranger of a $22.5 million loan

  • NRG mandates on Alpine solar 22 February 2012

    NRG Energy has mandated four lenders to arrange a club loan for its 66MW Alpine solar photovoltaic plant

  • NEWS ANALYSIS: Tenor times 22 February 2012

    Structural changes are afoot in both the Canadian and US power finance markets. To attract more participants, and newer types of provider, debt structures will need to get more conservative.

  • Sale-leaseback for enXco's Shiloh III wind 22 February 2012

    Banco Santander is arranging a sale-leaseback financing for enXco's 102.5MW Shiloh III wind plant

Telecoms

  • Mobily signs Islamic refinancing 13 February 2012

    Saudi telco Mobily, advised by Samba Capital, has signed a SAR10 billion ($2.67 billion) Islamic refinancing agreement of three loans into one long-term facility consisting of four tranches, with maturities of between five and seven years.

  • Orange Switzerland cuts loans package 03 February 2012

    Bank meetings will be held next week to market the leveraged loans backing Apax’s buy-out of Orange Switzerland

  • KfW and Nordea close with Telemar 30 January 2012

    Brazilian telecoms operator Telemar has closed an export financing with KfW and Nordea

  • Viom closes tower loan with DEG 20 January 2012

    Indian mobile infrastructure operator Viom has closed a $30 million loan with DEG

Transport

Water/Utilities

  • Lima wastewater attracts six 13 February 2012

    Peru's Ministerio de Vivienda, Construccion y Saneamiento and ProInversion have received six expressions of interest for the 20-year Sedapal wastewater treatment plants concession

  • Cory and Wheelabrator close on Norfolk B waste 09 February 2012

    Cory Environmental and Wheelabrator Technologies have closed a £200 million ($317.2 million) financing for the 25 year Norfolk B PFI waste

  • EPV and Pohjolan Voima close with NIB on biomass gasification 02 February 2012

    EPV Energy and Pohjolan Voima have closed an Eu18 million loan with the Nordic Investment Bank for to help fund construction of a biomass gasification plant

  • Campos do Jordao water bond pricing expectations 01 February 2012

    Caixa Economica Federal-managed fund FGTS expects to close a R95.5 million ($54.2 million) senior secured bond issue for Brazilian utility Araucaria Saneamento by the middle of February.

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