Czech Republic - EP Infrastructure (EPIF) Refinancing Project

Macquarie part-owned gas transmission company EP Infrastructure's (EPIF) EUR 500m refinancing of midco debt in 2019, as the company centralised its debt ahead of the challenge from Nord Stream 2 to EPIF's own pipeline, eustream. After the refinancing, 70% of EPIF's overall proportionally consolidated debt of around EUR 4.7bn will be placed at the holdco level - which means the SPV can be rated by a ratings agency. EPIF is owned 69% by EPH and 31% by MIRA. This project is sourced from Inframation (https://www.inframationnews.com).