Edinburgh Airport Completes £500m Refinancing Process

Altitude is delighted to have provided business plan review advisory services to Edinburgh Airport Limited to support their successful £500m refinancing process. Seven banks provided the senior debt along with institutional investors AXA and Hastings. The refinancing includes £60m of undrawn facilities for capital expenditure and working capital.

Global Infrastructure Partners (GIP) acquired Edinburgh Airport in 2012 for £807m as part of the disposal process related to the break-up of the former BAA airports group. Edinburgh Airport Limited generated £48m EBITDA in the year ending 31st December 2012.