BAA commences refinancing of its GBP9.8 million acquisition bridge loan
30-Nov-09 12:39 PM
| Tweet |
© CAPA
UK’s BAA has commenced refinancing of its GBP9.8 million acquisition bridge loan made in 2006, with the launch of a GBP700 million A-rated whole business securitisation (WBS) deal (Reuters, 27-Nov-2009). The nine banks which provided the original loan, BNP Paribas, BBVA, Caja Madrid, Calyon, Citi, HSBC, Royal Bank of Canada, Royal Bank of Scotland, and Santander, are also underwriting the bond deal.
You may also be interested in the following articles...
-
British and Irish airport investments continue busy merger and acquisition activity
18-May-2012If there was any doubt that the UK & Ireland remains one of the most dynamic air transport markets in the world that suspicion was dispelled by the level of recent and potential activity in airport M&A.
With Edinburgh Airport about to change hands, Glasgow Prestwick and Manston (Kent) airports may follow this year, as will London Stansted, later. Cardiff Airport’s CEO resigned after a politician complained about lack of investment by the operator and there are plans to re-open Plymouth Airport under new ownership.
Meanwhile, in Ireland, the case has been made for a change of ownership at Shannon Airport - but not an outright privatisation – signaling the potential break-up of the Dublin Airport Authority.
-
bmi’s exit from Star Alliance has a minor effect but potential departure by TAP will be more felt
17-May-2012Bmi’s exit from Star Alliance has only a minor effect on the group’s global footprint, but a potential departure from TAP Portugal would leave a much larger mark on Star’s connectivity especially in the Iberian peninsula, where it already lost Spanair in Jan-2012. TAP, which has an extensive network in South America and Africa that would appeal to any global alliance, is slated to be sold off by the Portuguese government later this year. If TAP were to be sold to a non-Star affiliate, such as International Airlines Group (IAG), it stands to lose three European members in 2012.
Bmi formally exited the Star Alliance network on 20-Apr-2012 following the conclusion of the sale of the UK-based carrier to IAG. Star carriers are in the process of ending their codeshare agreements with bmi as principally Star Alliance does not allow a member airline to codeshare with a member of another alliance although some exceptions are permitted with Star Alliance authorisation.