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Monday, 21 May 2012

Porterbrook due out

Syndication of the loan facilities backing the acquisition of Porterbrook, the UK rolling stock leasing company (ROSCO), is due shortly. The asset was bought for £1.83bn from Santander's Abbey National by a private equity consortium made up of BNP Paribas's Antin Infrastructure Partners, Deutsche and Lloyds TSB (PFI issue 396) and backed by debt facilities of £1.5bn.

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