Assured Guaranty Europe guarantees €200 million ALiS debt in A28 toll road refinancing - AGO News | RalliesAssured Guaranty Europe guarantees €200 million ALiS debt in A28 toll road refinancing
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AGO• Assured Guaranty Europe guarantees ALiS debt in A28 refinancing
- Assured Guaranty’s indirect subsidiary Assured Guaranty (Europe) guaranteed principal and interest on EUR 200 million of ALiS debt.
- The guarantee covers a 30-year amortising floating-rate loan from Spanish banks, alongside a 35-year amortising fixed-rate note.
- The debt formed part of sponsors’ refinancing of France’s A28 toll road, which has been in operation since 2006.
- Assured Guaranty (Europe) also issued a EUR 55.5 million debt service reserve guarantee covering six months of ALiS’s total debt service.
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