Deutsche Bank has announced that its Trust and Agency Services unit has fulfilled a number of roles in a transaction around the refinancing of Copenhagen Airports Denmark ApS (CAD), which owns 57.7% of Copenhagen Airports A/S. CAD is jointly controlled by Ontario Teachers’ Pension Plan Board and Macquarie European Infrastructure Fund 3. The transaction closed on 19 February 2014.
Deutsche Bank is facility agent for the European private placement, paying agent for the three tranches of the US private placement and security agent.
The €760m equivalent deal comprised bank debt, US private placement notes – in Danish krone, euros and US dollars fixed rate tranches – and a European private placement – in Danish krone and euros. Credit Agricole advised on the deal. The transaction involved cross-franchise cooperation between Deutsche Bank teams in London, New York and Luxembourg.
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