Financial Close Ceremony for Gateway 2030 Expansion Project


Financial Close Ceremony for Gateway 2030 Expansion Project

AAA CEO Mr. James Fazio during the Financial Close Ceremony: 
Strategic Partnerships were essential to reach this milestone for the Gateway 2030 Expansion Project  

ORANJESTAD – Aruba Airport Authority N.V. (AAA) officially signed the Financial Closing documents with all the lenders last Monday October 1, 2018 at Aeropuerto Internacional Reina Beatrix. 

A total loan facility of AWG 495 million has been closed with Vidanova Bank N.V. as the Agent Bank, Security Agent and Paying Agent representing all the lenders being: Stichting Algemeen Pensioenfonds Aruba (APFA), RBC Royal Bank (RBC), CIBC FirstCaribbean (CIBC), Algemeen Pensioenfonds van Curaçao (APC), Caribbean Mercantile Bank N.V. (CMB), Aruba Bank N.V. (AB), Pan-American Life Insurance Company of Aruba (PALIG), FATUM Life Aruba N.V. (Fatum), Stichting Bedrijfspensioenfonds Aruba (SBA), Stichting Pensioenfonds Meta Bedrijven Aruba (MetaFund), Stichting Pension Fund Tourism Sector Aruba (SPTSA), and  Stichting Fondo di Pensioen di Trahadornan di Empresanan y Fundacionnan Publico (FPEF). All the lenders will participate in the construction bridge loan period of 5 years and thereafter either in 10-year or 15 year term loans. 

During the financing process over the past few months the following companies were also instrumental in reaching this milestone:  financeQUEST as the Financial Arranger; Brown Lawyers as the Transaction Counsel; and Reliant Dutch Caribbean as the Financial Consultant on the financial modeling and business plan.

AAA CEO Mr. James Fazio: “Strategic Partnerships were essential to reach this milestone and we are very thankful to all the lenders for their participation and their trust in this very important project for the island. We are ready for the actual construction works to begin and look forward to welcoming all passengers at the end of the expansion project in a bigger, more modern and better airport.”


Papiamento

CEO di AAA Sr. James Fazio durante e Ceremonia pa e Acuerdo di Financiamento: 
Partnernan Strategico tabata esencial pa yega e meta importante pa e Proyecto di Expansion Gateway 2030  

ORANJESTAD – Aruba Airport Authority N.V. (AAA) oficialmente a firma e documentonan pa e financiamento cu tur prestador Dialuna ultimo 1 di Oktober 2018 na Aeropuerto Internacional Reina Beatrix. 

Un prestamo total di AWG 495 miyon a wordo sera cu Vidanova Bank N.V. como e agente bancario, agente di seguridad y agente di pago representando tur e prestadornan cu ta: Stichting Algemeen Pensioenfonds Aruba (APFA), RBC Caribbean (RBC), CIBC FirstCaribbean (CIBC), Algemeen Pensioenfonds van Curaçao (APC), Caribbean Mercantile Bank N.V. (CMB), Aruba Bank N.V. (AB), Pan-American Life Insurance Company of Aruba (PALIG), FATUM Life Aruba N.V. (Fatum), Stichting Bedrijfspensioenfonds Aruba (SBA), Stichting Pensioenfonds Meta Bedrijven Aruba (MetaFund), Stichting Pension Fund Tourism Sector Aruba (SPTSA), y  Stichting Fondo di Pensioen di Trahadornan di Empresanan y Fundacionnan Publico (FPEF). Tur prestador lo participa den e prome periodo di “bridge loan” di 5 anja pa despues un termino di 10 of 15 anja. 

Durante e proceso di financiamento di e ultimo lunanan e siguiente companianan tabata instrumental pa logra e meta importante aki: financeQUEST como e “Financial Arranger”; Brown Lawyers como e “Transaction Counsel” y Reliant Dutch Caribbean como e “Financial Consultant” riba e modelo financiero y business plan.

CEO di AAA Sr. James Fazio: “Partnernan Strategico tabata esencial pa yega e meta importante aki y nos ta hopi agradecido na tur prestador pa nan participacion y confiansa den e proyecto hopi importante pa nos isla. Nos ta cla pa e trabounan mes di construccion cuminsa y ta ansioso pa por yama bonbini na final di e proyecto na tur pasahero na un aeropuerto mas grandi, mas moderno y mas mihor.”