Crédit Agricole CIB’s Post

FINANCE NEWS | We are delighted to have advised Team Global Express (TGE) on securing a $190M lending facility which will enable investment and modernisation of its fleet and provide more environmentally friendly logistics solutions. Lander & Rogers partner Adam Jeffrey, who led the transaction for TGE alongside lawyers Mariam Dib and Jaco Moulder said, "We are pleased to have acted for Team Global Express on securing its lending facility, allowing our client to invest in the sustainability of its transportation fleet, in a market that is seeing an acceleration in demand for national deliveries. We appreciate the opportunity to continue to support TGE as it invests in its growth and service offering, through a modernisation of its network." Read more: https://lnkd.in/g-J5b4Fq #finance #corporatefinance #logistics #sustainability

Esken Ltd (LSE:ESKN, OTC:ESKNF), the infrastructure company which owns London Southend Airport (LSA), saw shares plummet 44% to 0.5p on Tuesday after warned investors it could be forced to pay more than £193 million by mid-February. Esken’s current marke capitalisation is slightly under £5 million. In September, the company announced the Essex-based airport was being sued by Carlyle Global Infrastructure Fund (CGI) over an alleged technical breach with respect to a convertible loan agreement. Now, the investment fund is alleging of further breaches by LSA and has issued an acceleration notice to the airport. Under this notice the LSA would need to repay £193.75 million by February 16 2024. Esken, which has been in the process of selling the airport, said its “confident that LSA has a robust position in relation to the CGI claim.” More at #Proactive #ProactiveInvestors #LSE #OTC #ESKN #ESKNF #EskenLTD #infrastructure #Logistics #southendairport http://ow.ly/hezI105aVs7

RVNL Share Price: Is the Stock Still Attractive After a 400% Rally? #RVNL #StockMarket #finbrook #Investment #RailwayInfrastructure #SharePrice #OrderWins #GovernmentProjects #Railways #InfrastructureDevelopment #MarketGrowth

RVNL Share Price: Is the Stock Still Attractive After a 400% Rally? | FinBrook - https://go.shr.lc/3W0r7Nv #RVNL #StockMarket #finbrook #Investment #RailwayInfrastructure #SharePrice #OrderWins #GovernmentProjects #Railways #InfrastructureDevelopment #MarketGrowth

Today we announced that PIC has invested €45 (£38) million of debt in freight and railcar leasing company STREEM Group, supporting its global decarbonisation strategy. PIC’s latest investment represents an ongoing commitment to invest across transportation assets that support greater cost efficiencies and less carbon intensive operations. Streem Group is one of the leading players in freight transportation with more than 46,000 railcars and 80,000 containers in its fleet globally. Alexandre MOREAU, Deputy CFO at Streem said: “We are delighted to have attracted PIC’s interest through this investment in rail freight leasing, further demonstrating Streem's attractiveness. PIC's participation will help Streem in its ambition to decarbonize the world’s logistics chains.” Vladan Martinović, Senior Debt Origination Manager at PIC, said: “Investing in these transportation assets will support the shift of freight traffic from road to rail, further reducing the production of carbon dioxide.” Florence Carasse, Head of Infrastructure Debt at PIC, said: “We are delighted to have been able to make our first freight leasing investment, in Streem Group. Investing in transportation infrastructure in this way helps us to fulfil our purpose, which is to fund the pensions of our current and future policyholders now and in the long-term.” Press release: https://lnkd.in/dSGAuWtd #debtorigination #infrastructure #freight #pensions #pensioninsurance #policyholders #trustees #bondholders #socialpurpose #dbschemes #bulkannuitytransactions #investments #experience #future #actuaries #pensiontrustees #innovation #sustainableinvestment #decarbonisation Rob Groves, Elizabeth Cain, Thomas Foucoin, Eugenia Korobova, Celia Franch López, CFA, Peter Jeranyama, Will O'Farrell, CFA, Marno Jooste, Clinton Elliot, Ian Hough, Ling Yang, Denise Lennon, Olli Rouhiainen, Hayley Rees, Jay Jadva, David Roseburgh, Hartej Singh, Samer Refai, Mark Gull, Paul McCauley

The global #RailcarLeasingmarket was valued at USD 10860 million in 2022 and is anticipated to reach USD 13990 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.  𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://shorturl.at/anoyT  𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝: Wells Fargo GATX Union Tank Car CIT VTG Trinity Ermewa SMBC (ARI) BRUNSWICK Rail Mitsui Rail Capital Andersons Touax Group Chicago Freight Car Leasing The Greenbrier Companies #railcarleasing #railcarleasingmarket #market #marketanalysis #marketforecast #marketgrowth #valuatesreports

Esken/London Southend Airport: is a fascinating story on many levels that is certain to end very badly for someone. It also highlights the range of tactics used by Private Equity, Private Credit and distressed debt hedge funds. While I do not have access to the covenants and indentures of The Carlyle Group's convertible debt, I would be surprised if the company had broken them. However, I have learned that the law is a thousand shades of grey, and this is going to come down to who has the patience and resources to win the battle. Usually, the company would be at a huge disadvantage, but in this case, some of the shareholders may lean in to protect the key assets. At this stage, the equity is purely a very deep out-of-the-money call option. While the public convertible bond is quoted at 43/53, I doubt that is an accurate price. Aviation is also a sector that has experienced more than the normal slings and arrows of outrageous fortune during and after COVID-19. This is creating a wide range of alpha opportunities. #aviation #privateequity #privatecredit #distresseddebt

The appetite by the private investor sector for alternative commercial property investments saw service stations as the number one pick for many years, notably prior to COVID-19. Changes in financing for these assets however saw a significant change in demand with buyers. Read more insights about the service station asset here: https://ow.ly/UrwA50R7Y6A #RayWhiteValuations #ServiceStations

Proximo Weekly: Turbulence at LAX The bonds backing the LAX people mover project have been put on negative ratings watch by Fitch. All is not well at the US P3 flagship project. In the latest Proximo Weekly, our editor Sean Keating sheds light on Fitch's negative ratings watch on $1.2 billion of BBB- rated private activity bonds (PABs) raised in 2018 for the people mover project at Los Angeles International Airport (LAX). The article delves into the reasons behind the negative watch and its potential implications for the project's financing. Read the full article here: https://lnkd.in/dJDtf35r #Proximo #ProximoWeekly #ProjectFinance #P3Projects #LosAngelesInternationalAirport #InfrastructureDeals

Credit to Ashley Erika O. Jose July 26, 2024 Pangilinan: Ayala’s LRT-1 stake talks hit ‘valuation gap’ https://lnkd.in/gGqd2AWy METRO Pacific Investments Corp. (MPIC) may reconsider acquiring Ayala Corp.’s stake in Light Rail Transit Line 1 (LRT-1) due to unresolved valuation issues, according to its chairman. “We talked to them before, but there’s a bit of a gap in valuation, and I do not know how we can bridge it,” MPIC Chairman, President, and Chief Executive Officer Manuel V. Pangilinan told BusinessWorld recently. In February, MPIC said it was exploring the possibility of acquiring Ayala’s stake in LRT-1, following Ayala’s divestment plan announcement. According to Mr. Pangilinan, MPIC’s interest in acquiring Ayala’s stake was driven by the potential opportunity to participate in the planned auction for the Metro Rail Transit Line 3 (MRT-3). The Transportation department is also evaluating MPIC’s unsolicited proposal to integrate the operations of MRT-3 and LRT-1. The company hopes to close the sale of its 35% stake in LRT-1 within the year to realign its portfolio in property, telecommunications, and energy. MPIC, through its unit Metro Pacific Light Rail Corp., holds 35.8% stake in Light Rail Manila Corp. (LRMC), the operator of LRT-1. The remaining shares in LRMC are owned by Sumitomo Corp. at 19.2% and Philippine Investment Alliance for Infrastructure’s Macquarie Investments Holdings (Philippines) Pte. Ltd. at 10%.