pfi refinancings still attractive

With lending terms remaining competitive we have been pleased to be involved in four recent refinancings of UK PFI transactions, two of which reached financial close in the last month or so:

- on 14 April 2016, the Stoke and Staffordshire Fire & Rescue PFI project’s existing debt facilities were refinanced

- on 4 March 2016, John Laing Infrastructure Fund reached financial close on a refinancing on its Kirklees social housing PFI

While bank lending are seen to be tightening we are involved in a number of other refinancings which are looking to reach close in the coming months.

We were delighted to provide model audit service on these transaction from our teams based in London and Delhi.

themodelauditor.com is the blogsite of the Mazars model audit team.

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