Menu Sectors
Project Finance Copying and distributing are prohibited without permission of the publisher

April 2011 Transport News

11 April 2011

Arcus lines up lenders on Forth Ports Arcus European Infrastructure Fund 1 has lined up six lenders to support its cash offer for listed ports operator Forth Ports. Arcus, through special purpose vehicle Otter Ports, has offered £16.30 ($26.71) per share for the 77.2% of Forth Ports that it does not own (requiring roughly £575 million in funding), as well as a £0.20 per share dividend (£9.17 million, including a dividend to itself). The board of Forth Ports, which rebuffed earlier offers from a group that included Arcus, has recommended that shareholders accept the offer. It says it will fund the offer, which values Forth at roughly £760 million, with a combination of equity under­writ­ten by Arcus, through holding company AEIF LH Sub 03 Sàrl, and debt. Debt commitments are already in place from JP Morgan, Crédit Agricole, RBC, Royal Bank of Scot­land and Santander, which are arranging and underwriting the deal....


Latest Deals Database updates

Kuala-Lumpur-Singapore High-Speed Rail PPP Project Update date 22/04/2014
Sector Transport > High-speed rail
Country Asia > Malaysia
Total Debt Loan Amount
Status Financial advisor mandated
Perth Stadium PPP project Update date 22/04/2014
Sector Leisure/Stadia > Stadia
Country Asia Pacific > Australia
Total Debt Loan Amount
Status Preferred bidder
IJmond Sea Lock PPP Update date 22/04/2014
Sector Transport > Port
Country Europe - EU > Netherlands
Total Debt Loan Amount
Status Tender launched
Change font size: Switch to default font size Switch to medium font size Switch to large font size