Centrus advises Peel on £45m NRE financing

Company overview

• Peel NRE, part of the Peel Group, is at the heart of the nation’s activity around clean energy growth and the circular economy – helping the UK achieve net zero by 2050.
• Peel is one of the leading property and infrastructure investors in the UK, focused on Ports, Airports, Property and Energy.
• Peel NRE is a real estate business focused on assets linked to low carbon energy generation, including energy from waste, wind farms and heat networks.

Transaction overview

Peel NRE secured a new standalone £45m senior term loan, having previously been financed by a wider Peel Group facility. The new debt is provided by HSBC and NatWest for a three-year period, plus two one-year extension options.

Centrus’ added value

• Leveraging expertise across the real estate and infrastructure sectors, Centrus highlighted the infrastructure-like characteristics of the portfolio to achieve the most optimal financing terms.
• Centrus prepared a financial model and comprehensive marketing materials to highlight the credit strengths of the Peel NRE transaction.
• Centrus’ strong relationships with banks helped drive a competitive process and ensured the transaction was delivered smoothly.

“Centrus worked hard on this transaction to deliver a new standalone debt facility for our NRE division. Centrus led the process from end-to-end, resulting in a well-structured, cost-effective solution and providing a strong foundation for Peel NRE to grow. We look forward to working with Centrus again in the future”

Elise Mannix​​​​, Associate Director, Corporate Development – Peel Group

“Centrus is delighted to have advised the Peel Group on this new standalone financing facility for Peel NRE with HSBC and NatWest. The transaction reflects the high-quality nature of the NRE portfolio and provides a strong foundation for the future growth of the business.”

Scott Douglas, Director, Capital Markets -Centrus

For more information please Scott Douglas.

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