But we have Estelle first ...
Hello,
Please find attached the press release regarding the closing of a senior debt financing package by Vauban Infrastructure Partners for Boreal Holding AS for a total amount of c. NOK3.2bn, completed through a club deal with Norwegian and international banks, and institutional investors.
The refinancing was achieved through a combination of several facilities to refinance the senior debt of the Company, to sustain its development, and to support its usual business activities. Boreal's ability to raise bank debt in today's debt market is a major factor of confidence in Vauban's business model for Boreal and more generally its investment strategy in the Nordics, which is one of Vauban's core investment regions.
Don't hesitate to contact me for any further information.
Best,
Estelle
Well, that all makes perfect sense, don't it, Voice?
'Yeah. Where's Lucky?'
Uh.
Here he is - !!!
Press Release Paris March 15th 2023 Vauban Infrastructure Partners announces the closing of a c NOK 3 2bn senior debt refinancing transaction for Boreal Holding AS one of the largest operators in the Norwegian public transportation market Vauban Infrastructure Partners "Vauban!" is delighted to announce the closing of a senior debt financing package for Boreal Holding AS Boreal the company for a total amount of c NOK 3 2bn completed through a club deal with Norwegian and international banks and institutional investors the refinancing was achieved through a combination of several facilities to refinance the senior debt of the Company to sustain its development and to support its usual business activities Boreals ability to raise bank debt in todays debt market is a major factor of confidence in Vaubans business model for Boreal and more generally its investment strategy in the Nordics which is one of Vaubans core investment regions Boreal is one of the largest operators in the Norwegian public transportation market it operates medium to long term contracts granted by public transport authorities in four key segments car ferries fast ferries light rail and nationwide buses since 2018 Boreals contract portfolio has achieved substantial growth on top of its expansion into Sweden Boreal is also a global pioneer in sustainable transportation for example the Company commenced operations of several electric ferries fully powered by battery in 2021 in addition to electric buses that operate across Norway in early 2022 Vauban indirectly through Core Infrastructure Fund III SCS SICAV SIF acquired Boreal this acquisition reinforced Vaubans commitment to the sustainable development of local communities providing green & essential mobility services Vauban launched this refinancing transaction in order to support the development of the Company & its portfolio of public transportation concessions with availability based revenues which demonstrates Vaubans strong commitment to asset development & delivering long term sustainable value to all stakeholders Vauban was supported by top tier advisors including Rothschild & Co as financial and hedging advisor White & Case and Bahr as borrowers legal advisor and Allen & Overy and Thommessen as lenders legal advisors Christoph Bruguier Senior Investment Director & Partner at Vauban Infrastructure Partners comments through this landmark transaction for the Boreal! Group Vauban Infrastructure Partners has strengthened its footprint in essential public transportation and will further increase its contribution to the development of high quality and decarbonized mobility infrastructures and services for local communities in Norway and Sweden Maria Munina Investment Director & Partner at Vauban Infrastructure Partners adds Vauban successfully completed an optimized refinancing in todays macro environment which will provide the company with the capacity & flexibility necessary for its further development this represents an important milestone in Vaubans investment strategy in the Nordics one of our core regions C2 Internal Natix is about! Vauban Infrastructure Partners Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on European core infrastructure investments headquartered in Paris it employs 68! professionals working together since a decade Vauban is the fully! fledged affiliate of Natixis Investment Managers dedicated to sustainable infrastructure equity investments Vauban targets! predominantly European brownfield mid market assets pursuing a long term yield driven strategy matching the underlying nature of assets and long term commitment to all stakeholders interests through a strong focus on creating sustainable value Vauban has raised c! €8 billion across 7 funds in core infrastructure from over 100 investors within 17! different countries and has invested in over 70 assets in mobility energy transition social & digital infrastructure across 14 different
Okay.
Thank you, Lucky.
Cheers guys
ENDS
...
I like Lucky.
He doesn't tell lies.
He just gives you the facts straight.
Yeah, straight from his brain.
He doesn't know what he's saying.
He doesn't care what he's saying.
He understands nothing, and he's very happy.
There is no despair in him.
There is no pain.
There is no anxiety.
Maybe he's not happy.
Maybe he just doesn't feel anything.
Which makes him so ooo happy in my book.
I envy him.
I envy Lucky's simplicity.
He doesn't belong to your world.
He doesn't invest.
He doesn't report anything.
Words are given to him.
It's all a big joke for Lucky.
The cosmos has chosen him.
And he's a thought-form now.
He can never die - if we're thinking about him.
But he doesn't care!
He wouldn't even notice if you left him alone with his thoughts.
Yeah, thoughts that are not his.
Lucky has no thoughts!
Do you know how lucky that makes him?
