Applegreen has announced a financial close for the project which includes the development of 27 Service Areas for the New York State Thruway. The total investment in the project is US$300.7 million with a concession period of 33 years.
The issuer is the New York Transportation Development Corporation, comprising of Citigroup Global Markets, Loop Capital Markets, National Bank of Canada Financial, Ramirez & Co and Siebert Williams Shank & Co. Collateral agent and a trustee is Bank of New York Mellon.