Berlin Brandenburg Airport received 2.487 billion euro credit
Staff Writer | February 16, 2017
The finance concept of Flughafen Berlin Brandenburg (FBB) has been implemented successfully.Article continues below
The investment pledged by the partners Berlin, Brandenburg and Germany totalling 2.487 billion euro has now been received.
The transaction completed today means that the new credit agreement from July 2016, which is subject to improved conditions, will now take effect.
The FBB’s Executive Board has informed the Supervisory Board during its meeting of 7 February 2017 regarding the implementation of the finance concept. The Supervisory Board was happy that financing could finally be implemented and that better conditions had been achieved
The finance concept, which has now taken effect, serves to safeguard financial requirements to the tune of 2.2 billion euro for the completion and medium-term expansion of the BER Airport.
It consists, on the one hand, of shareholder capital amounting to more than 1.107 billion euro, which was concluded with the partners at the current favourable market conditions and which will be completely amortised within a period of 20 years.
Another 1.1 billion euro is also available to FBB from the banks, which allows early refinancing of 1.4 billion euro of the existing loan from 2009, which was originally due to mature in 2019.
The new loan – as was the case with the now redeemed consortium loan – will be secured fully by the partners Berlin, Brandenburg and the Federal Republic of Germany. ■ What to read next
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