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Jul 24, 2017

Budapest Airport to receive 100 million euros from European Bank for Reconstruction and Development (EBRD)

The operator of Liszt Ferenc International Airport will receive the funds as part of a 1.32 billion euro financial restructuring package

Budapest Airport is to receive 100 million euros from the European Bank for Reconstruction and Development (EBRD).

The operator of Liszt Ferenc International Airport will receive the funds as part of a 1.32 billion euro financial restructuring package.

According to MTI, the 100 million euro senior note from the EBRD complements a privately placed senior note facility of 525 million euros and a banking facility of 795 million euros.

Sources say Budapest Airport will use the credit to amend and extend existing debt facilities at the end of 2019 and 2020.

“The package will encourage the introduction of new capital market structures for mature infrastructure projects, develop secondary market transactions for public-private partnership projects attracting leading institutional investors and allow – last, but not least – customers of Budapest Airport to benefit from an improved operating performance,” Sue Barrett, EBRD Director, Transport, said.