Brussels' success allows debt refinancing
Macquarie Airports (MAp) announced that Brussels Airport Company
(BAC) has successfully agreed a refinancing of its debt and capital expenditure
facilities to fund the future growth and expansion of the airport. BAC has established
EUR1.6 billion in bank debt facilities, sourced entirely in the bank debt market,
while approximately EUR180 million of the total facility will be used to pay
a distribution to equity holders. A similar amount is scheduled for another
distribution payment in Sep-07, provided BAC meets earnings targets.
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