METLIFE AND THIRD PARTY CLIENTS PROVIDE NEARLY $145 MILLION IN INFRASTRUCTURE FINANCING TO COPENHAGEN AIRPORT HOLDING CO.
NEW YORK and COPENHAGEN, October 08, 2014
MetLife, Inc. (NYSE: MET) announced today that a consortium of its affiliates and third-party investor clients has provided nearly $145 million in infrastructure financing to Copenhagen Airports Denmark ApS, a holding company that owns a majority stake in Copenhagen Airport A/S.
The airport is the largest in Scandinavia and a major hub for northern European travel.
In this financing, MetLife and third-party investor clients advised by MetLife Investment Management purchased senior secured debt issued by Copenhagen Airports Denmark. The MetLife-led consortium was a leading investor in this transaction, which totaled $360 million.
MetLife and its third-party clients were the only investors to provide financing in three currencies and to purchase the senior note with the longest maturity, due in 2025.
"Our investment in Copenhagen Airports Denmark demonstrates MetLife's ability and readiness to creatively structure financings for our borrowers," said John Tanyeri, managing director and head of infrastructure investment for MetLife in Europe. "We were a leading investor in this deal, and we were the only one able to meet the borrower's maturity targets in three currencies: U.S. dollar, euros and Danish kroner."
Tanyeri added that, with this deal, MetLife has approximately $1.3 billion in infrastructure investments in 10 airports spread across Europe, Australia and the Americas. Infrastructure financing provides MetLife with investment opportunities that match its long-term liabilities.
Copenhagen Airport is the 12th largest in Europe. The debt sale was facilitated by Credit Agricole Securities, ING Financial Markets, Mitsubishi UFJ Securities, and RBC Capital Markets.
MetLife Investment Management, LLC, an SEC-registered investment advisor, leverages the investment expertise of MetLife Investments to create attractive, long-term returns for institutional investors, including insurance companies, public and private pension plans, and sovereign wealth funds.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.