Assured Guaranty (Europe) SA (AGE), a subsidiary of Assured Guaranty Ltd., has guaranteed a EUR 96 million (US$ 108 million) project financing loan for the A-127 regional road project in Aragón, Spain.
A 23-year fixed-rate loan with a 3.65% coupon, guaranteed by AGE, has been issued by Bankinter, S.A., Kutxabank S.A., and Unicaja Banco S.A. Bondholders S.L. will serve as the security agent and trustee for the financial guarantee.
The loan proceeds will fund construction work on the A-127 roadway, including the widening of a 24-km segment between Tauste and Ejea de los Caballeros, and the complete reconstruction of a 14-km section between Tauste and Gallur. Linklaters LLP provided legal counsel to AGE for the transaction, with teams based in both London and Madrid. Kenta Capital served as the financial adviser to SC5. Bankinter, S.A. took the role of lead arranger for the deal.
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