warning
Important - persons using the names AMP Capital Limited and AMP Capital Investors Limited Company are purporting to be a part of the AMP Capital or AMP group and are making unsolicited contact with members of the general public in Europe and the UK. AMP Capital Limited and AMP Capital Investors Limited Company are not part of the AMP Capital or AMP groups.

AMP Capital has been made aware that persons using the names AMP Capital Limited and AMP Capital Investors Limited Company are purporting to be a part of the AMP Capital or AMP group and are making unsolicited contact with members of the general public in Europe and the UK. AMP Capital Limited and AMP Capital Investors Limited Company are not part of the AMP Capital or AMP groups. Please ensure that you carefully establish the identity of any person or entity purporting to act for AMP Capital or AMP. 

 

Contact us: internationalclientservices@ampcapital.com

Communication

AMP Capital completes refinance of South Australian schools project

By AMP Capital media team

Not for release or distribution in the US

AMP Capital has announced the successful refinance of the South Australian Schools Project (SA Schools) $172m debt facility on 18 April 2019.

The new five-year debt facility provides for a material improvement in project metrics, reducing risk in the project for investors and the State Government of South Australia. The facility comprises commitments from Westpac, Commonwealth Bank of Australia and National Australia Bank as both lenders and swap counterparties.

The refinancing was managed by AMP Capital on behalf of the investors in the project.

The project involved close cooperation and support from the South Australian Department of Treasury and Finance and the Department for Education, whose consent was required to the transaction. The refinancing was completed on schedule and prior to the maturity date of the facility.

The refinancing is the second successful refinancing of the project.

AMP Capital Community Infrastructure Fund Manager Charles Savage said:

The SA Schools refinance demonstrates our core capabilities in successful acquisition and management of social infrastructure PPPs to deliver value to our investors. This is the second refinance that has been completed for the project since its acquisition by AMP Capital in 2012. The ability to repeat a successful refinancing process on further enhanced metrics and terms is a fantastic outcome - said Mr Savage.

External advisers included The Royal Bank of Canada (financial adviser), King and Wood Mallesons (borrower counsel and tax adviser), BDO (financial model audit) and Ashurst (lender counsel).

The AMP Capital Community Infrastructure Fund (CommIF) and the AMP Capital Core Infrastructure Fund (CIF) are invested in the South Australian Schools Project.

  • Communication
  • Infrastructure
  • Media Releases

Cookies & Tracking on our website.  We use basic cookies to help remember selections you make on the website and to make the site work. We also use non-essential cookies, website tracking as well as analytics - so we can amongst other things, show which of our products and services may be relevant for you, and tailor marketing (if you have agreed to this). More details about our use of cookies and website analytics can be found here
You can turn off cookie collection and/or website tracking by updating your cookies & tracking preferences in your browser settings.