Newbridge Advises on Hounslow Highways Maintenance PFI Refinancing
November 7, 2016Newbridge advised Vinci and 3i on the refinancing of the senior debt in the Hounslow Highways Maintenance PFI Refinancing. BTMU and DZ Bank provided the refinanced senior debt.
The Project involves the upgrading, improving and maintenance of 432 km of roads, 763 km of pavements, street lights, street cleaning, signs, street furniture such as benches and bollards, as well as drains and gutters across the London Borough of Hounslow.
This refinancing is another success story for PFI, demonstrating how savings can be made through all parties working together to take advantage to improved funding market conditions.
