Indiana Toll Road Lease Now Worth $5.7 Billion To Pension Fund Investors

Posted on June 12, 2015 by Bill Reinhardt

The deleveraging of the Indiana Toll Road Concession Co. (ITRCC) under its new public pension-fund owners was completed in May when IFM Global Investors arranged $2.5 billion in senior debt financing from nine banks and three institutional investors. IFM took ownership of the 157-mile toll road on May 28.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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