Group BPCE coordinates outstanding financing deal for Toulouse Blagnac airport
Groupe BPCE is assisting Toulouse Blagnac airport with its modernization program out to 2020.
A €102m syndicated loan over 15 years was granted to finance investments spearheaded by the airport’s shareholder Casil Europe and approved by the supervisory board, enabling them to take advantage of the very low interest rates currently on offer. The placement was arranged by Natixis* and exclusively reserved for Caisse d’Epargne Midi Pyrénées, Banque Populaire Occitane and AGEAS (AG Insurance), Natixis’ partner under an infrastructure co-investment agreement.
Proceeds from the financing will allow the airport to redevelop Hall D by building a single security checkpoint and a shopping area covering 5,000 m², construct a pier connected to Hall A with five aircraft docks for low-cost and regional airlines, and to modernize the terminal, aviation infrastructure and carparks.
*global coordinator, MLA bookrunner and agent