Devonshires are delighted to have advised A2Dominion on its £60m private debt agreement with IFM Investors.
The privately-financed investment, issued as an unsecured nine-year floating-rate note due 2027 is the first transaction by IFM Investors in the UK social housing sector. The investment was made by IFM’s infrastructure debt team on behalf of two insurance clients from the UK and US, who have global infrastructure debt investment mandates with IFM Investors.
A2Dominion will use the funding to support its activities including the development of mixed use housing that adds to its social and affordable housing portfolio.
The Devonshires’ team was led by Julian Barker, assisted by Rachel Orgill-Harris.
