The sponsors of the Sheffield Highways PFI project; Amey Ventures, Equitix and Uberior, successfully refinanced the outstanding senior debt on December 14, 2016. The project, which involves the refurbishment and maintenance of 1,900km of road, 3,300km of footway, 500 traffic signals, 68,000 streetlights and over 18,000 items of street furniture in Sheffield, reached financial close in 2012. Sheffield County Council, the procuring authority, have 21 years of unitary charge payments remaining in the concession.

The original senior debt has been completely refinanced by a new banking group consisting of The Bank of Tokyo-Mitsubishi UFJ, Banco Bilbao Vizcaya Argentaria, CaixaBank, DZ BANK AG, Nord/LB Luxembourg Covered Bond Bank, Norddeutsche Landesbank Girozentrale and Shinsei Bank.

On behalf of the project sponsors, Operis were pleased to conduct an audit of the financial model including a review of the tax and accounting treatments.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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