John Laing completes long-term refinancing
John Laing Group ("John Laing" or the “Group”), a leading international investor and active manager of core infrastructure assets, today announced it has completed a long-term refinancing deal.
The refinancing arrangement with MetLife Investment Management and certain of its affiliates and managed accounts, covers a purchase and private shelf agreement, where four draws of Series A Notes were issued upon completion of the agreement on the 14 December, 2023. This was based on the strength and stability of John Laing’s investment performance and portfolio of assets.
John Laing will use the financing across its well-established platform with over 150 assets, invested in, and managed globally.
Jamie Christmas, Chief Financial Officer of John Laing, said: “We’re delighted to have secured this long-term financing solution, particularly in a challenging market for refinancings. This underpins the maturity and attractiveness of the John Laing portfolio and strategy. It is an exciting time for John Laing as we continue to drive momentum in the infrastructure sector and build upon our strong track record in making infrastructure happen.”
John Laing worked closely with KKR Capital Markets and Simpson Thacher & Bartlett LLP, appointed as financial and legal advisors, respectively.