Auckland Prison Refinancing

Planum advised Next Step Partners on there financing of Auckland Prison for ~$240m NZD. Next Step Partners is owned by International Public Partnerships (INPP) and is managed by Amber Infrastructure.

The refinancing was undertaken together with NZ Schools 2 to generate combined benefits. Both refinancings included a small regear which were the first undertaken in the New Zealand market.

Planum’s role included:

• Developing the refinancing strategy, including pursuing a regear
• Running a competitive process including 20+ banks to generate maximum competitive tension and liquidity for the assets
• Updating the model
• Leading the State consent and documentation process

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