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27.05.25 - 06:36
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Assured Guaranty Guarantees €96 Million Project Financing Loan for Spain′s A-127 Aragon Regional Road (Business Wire)
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Guaranteed debt to finance the construction and refurbishment of the A-127 road in Aragon, SpainPARIS--(BUSINESS WIRE)--Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on a €96 million loan to Sociedad Concesionaria 5 Villas, S.A., (“SC5”) an entity owned by Acciona Concesiones, S.L. and Papsa Infraestructuras S.A.
The 23-year, fixed-rate loan guaranteed by AGE bearing a 3.65% coupon was provided by Bankinter, S.A., Kutxabank S.A., and Unicaja Banco S.A. Bondholders S.L. will act as security agent and financial guarantee trustee.
The proceeds will be used to finance the construction of sections of the A-127 roadway. The project includes the expansion of a 24-kilometer roadway between the municipalities of Tauste and Ejea de los Caballeros, as well as the full renovation of a 14-kilometer stretch between Tauste and Gallur.
Raphael de Tapol, Directeu...
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