The new facilities consist of a USD 1 billion 7-year term loan and a 5-year USD 500 million revolving credit facility. The new facilities refinance AEI’s USD 1.0 billion senior and bridge loans, improve duration and provide the company with cost effective liquidity for growth projects and general corporate purposes. The facilities were rated Ba3 / B+ / BB by Moody’s Investor Service, Standard & Poor’s and Fitch Ratings, respectively. The new facilities were fully underwritten by Credit Suisse and JP Morgan.
“I am pleased with the success of this transaction and the flexibility this brings to the AEI capital structure. Accessing the debt capital markets for these two new facilities is a significant milestone as we have demonstrated our ability to strengthen and diversify our debt composition,” John Fulton, Chief Financial Officer of AEI commented on the success of the transaction.
