Peel Ports has completed a partial refinancing of its debt structure worth £152.5m in a deal it says will diversify its investor base.
Infrastructure investors Westbourne, IFM and AXA have provided funds allowing the debt to be refinanced in the form of eight-year loans.
In December last year, the ports group closed a £1.6bn refinancing package.
The funds secured through the new deal will be used to refinance portions of the three-year debt raised in the previous refinancing.
Chief financial officer Graeme Chamock said the group had made an “opportunistic” approach to infrastructure debt markets and was “delighted” by the response.
The group is behind major projects including Liverpool 2, a deep-water terminal project worth £300m in construction investment.
chris.berkin@estatesgazette.com
