By: greenbank On: December 01, 2012 In: Comments: 0

GIB provided GB£30.4 million of senior debt funding to Shanks Group plc in support of its 25-year PFI funded contract for this Biomass plant in Wakefield. GIB was invited to join the banking club to provide the necessary additional liquidity to ensure the achievement of financial close. This mobilized three times GIB’s investment. GIB is providing senior debt and equity bridge facilities pari passu with three commercial lenders.

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