KBRA Assigns an A+ Rating to BNP Paribas' Participation in a Subscription Facility to InfraVia European Fund V
17 Oct 2024 | London
KBRA UK (KBRA) assigns an A+ rating and Stable outlook to BNP Paribas' participation in a subscription facility in the form of a replenishable term loan (the "Facility") provided to InfraVia European Fund V. The rating was requested by BNP Paribas as a participating lender in the transaction.
BNP Paribas has committed €157.4 million to the €1,200 million Facility. The Facility is used for working capital and investment purposes including investments and is due to mature in September 2025. The Lenders have a first priority security interest in the uncalled capital commitments of the Fund, including the right to make capital calls under the finance documents further to the occurrence of an acceleration or a payment default.
InfraVia European Fund V is the fifth vintage in InfraVia Capital Partners' infrastructure strategy. The investment strategy focuses on a range of infrastructure transactions with a focus on mid-market infrastructure projects in the transportation, energy, social infrastructures, utilities and communication sectors and in related services fields, with geographical focus in the Eurozone.
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