Deal Announcement

DC Advisory advised EISER Infrastructure on the refinancing of ESP’s senior, junior and swap facilities

26 Feb 2015

ESP Utilities Group (“ESP”) is an independent regulated infrastructure business involved in the ownership, operation and maintenance of gas networks (and related meters) as well as electricity networks

DC Advisory (“DC”) was engaged by EISER to provide debt advice on the refinancing of ESP’s senior and junior facilities in addition to restructuring its existing long-dated index-linked and interest rate swap portfoli

DC engaged various sources of liquidity across a number of detailed work streams, including: financial modelling; due diligence; debt and swap structuring as well as full documentation negotiation

DC delivered a successful outcome which met the company’s refinancing objective

New senior liquidity was brought in as well as three new hedge counterparties, in addition to attracting private debt fund liquidity into the junior tranche

EISER completed the transaction on 26 February 2015

Deal Team

Sergio Ronga

Managing Director
United Kingdom

Neale Marvin

Managing Director
United Kingdom