17 banks help Macquarie refinance €3.8bn for French road

The Australian group, together with France’s Eiffage, has obtained a €2.8bn, five-year loan in addition to a €720m revolving credit facility. Moody’s deemed the refinancing ‘moderately credit positive’, but warned the toll road network’s Baa3 rating might be revised in the future.

Macquarie Atlas Roads, which operates six toll roads across the globe, and French infrastructure developer Eiffage, have managed to refinance €3.8 billion of debt backing a toll road network in France one year ahead of schedule, the partners announced earlier this week.

A syndicate of 17 banks – including the likes of BBVA, Bank of Tokyo Mitsubishi, Lloyds, ING and Santander, to name just a handful – provided a total of €3.48

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