Alkion Completes Landmark Refinancing to Support Investment Programmes & Further Growth
05.20.2019 - NEWS

May 20, 2019 [Tank News International] – Alkion Terminals has completed a landmark refinancing of its debt facilities from a group of blue-chip international lenders. The term loans and ancillary facilities amount to €255 million and refinance the previous financing package of existing €185 million raised in 2017.

 
The new debt structure was structured at platform level and comprises refinancing a 10-year institutional loan private placed with funds managed by UBS Asset Management as well as 7-year bank loan term loan and ancillaries provided by Credit Agricole CIB, BNPP, Allied Irish Bank and Siemens. RBC and Linklaters advised Alkion, while Clifford Chance acted as lender counsel.

At completion Rutger Van Thiel, CEO of Alkion Terminals, stated: “This level of refinancing recognises the positive performance of Alkion Terminals since its inception in 2016. The support of such a high-profile group of international lenders is a testament to the quality of our business whilst the structure in place provides the operational flexibility to continue supporting our client driven investment needs and growing the platform with additional bolt-on acquisitions”.

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