MetLife, Inc. (NYSE:MET) announced today that a consortium of its
affiliates and third-party investor clients has provided nearly $145
million in infrastructure financing to Copenhagen Airports Denmark ApS,
a holding company that owns a majority stake in Copenhagen Airport A/S.
The airport is the largest in Scandinavia and a major hub for northern
European travel.
In this financing, MetLife and third-party investor clients advised by
MetLife Investment Management purchased senior secured debt issued by
Copenhagen Airports Denmark. The MetLife-led consortium was a leading
investor in this transaction, which totaled $360 million.
MetLife and its third-party clients were the only investors to provide
financing in three currencies and to purchase the senior note with the
longest maturity, due in 2025.
“Our investment in Copenhagen Airports Denmark demonstrates MetLife’s
ability and readiness to creatively structure financings for our
borrowers,” said John Tanyeri, managing director and head of
infrastructure investment for MetLife in Europe. “We were a leading
investor in this deal, and we were the only one able to meet the
borrower’s maturity targets in three currencies: U.S. dollar, euros and
Danish kroner.”
Tanyeri added that, with this deal, MetLife has approximately $1.3
billion in infrastructure investments in 10 airports spread across
Europe, Australia and the Americas. Infrastructure financing provides
MetLife with investment opportunities that match its long-term
liabilities.
Copenhagen Airport is the 12th largest in Europe. The debt
sale was facilitated by Credit Agricole Securities, ING Financial
Markets, Mitsubishi UFJ Securities, and RBC Capital Markets.
MetLife Investment Management, LLC, an SEC-registered investment
advisor, leverages the investment expertise of MetLife Investments to
create attractive, long-term returns for institutional investors,
including insurance companies, public and private pension plans, and
sovereign wealth funds.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates
(“MetLife”), is one of the largest life insurance companies in the
world. Founded in 1868, MetLife is a global provider of life insurance,
annuities, employee benefits and asset management. Serving approximately
100 million customers, MetLife has operations in nearly 50 countries and
holds leading market positions in the United States, Japan, Latin
America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
L1014393780[exp0915][All States]
Copyright Business Wire 2014