Cezary Podkul
The Canadian province will procure the toll bridge as a design-build contract after it failed to reach agreement with a Macquarie-led consortium on debt terms for a C$3.3bn concession. Procured as a design-build, the project will cost the province C$2.5bn.
The New York Stock Exchange-listed Macquarie satellite will use cash accumulated from the dividend suspension to accelerate reduction of its $1.8bn debt burden. It may also seek bankruptcy protection for its heavily indebted airport parking business, which has seen revenues erode due to slower airline traffic.
The UK-listed infrastructure fund is the latest externally-managed fund to propose bringing its management team in-house. Babcock & Brown Infrastructure, Babcock & Brown Wind Partners, Babcock & Brown Communities and Babcock & Brown Capital have all taken similar steps in recent months.
The New York Stock Exchange-listed Macquarie satellite will use cash accumulated from the dividend suspension to accelerate reduction of its $1.8bn debt burden. It may also seek bankruptcy protection for its heavily indebted airport parking business, which has seen revenues erode due to slower airline traffic.
The New York Stock Exchange-listed Macquarie satellite will use cash accumulated from the dividend suspension to accelerate reduction of its $1.8bn debt burden. It may also seek bankruptcy protection for its heavily indebted airport parking business, which has seen revenues erode due to slower airline traffic.
The UK-listed infrastructure fund is the latest externally-managed fund to propose bringing its management team in-house. Babcock & Brown Infrastructure, Babcock & Brown Wind Partners, Babcock & Brown Communities and Babcock & Brown Capital have all taken similar steps in recent months.
The UK-listed infrastructure fund is the latest externally-managed fund to propose bringing its management team in-house. Babcock & Brown Infrastructure, Babcock & Brown Wind Partners, Babcock & Brown Communities and Babcock & Brown Capital have all taken similar steps in recent months.
The troubled UK lender will no longer provide long-term project finance loans with durations of more than 15 years but it will continue to make such loans of 'appropriate length', according to people familiar with the matter. North America will be least affected by the change.
Unlisted GPs may be writing a premature obituary for listed infrastructure funds, argues Cezary Podkul.
Former Lehman Brothers investment bankers Michael Meyers and Sean Fitzgerald have joined Macquarie’s private placement team, where they will focus on raising equity for transactions.