Powered by

Assured Guaranty Wraps University of York Loan; £159 million guaranteed financing for new student accommodation at University of York

Dec 09, 2019 - Business Wire

Assured Guaranty (Europe) plc (AGE)* announced that it has guaranteed principal and interest payments on a £159 million loan to Civitas Living LLP. The loan will finance the construction of new student accommodation at the University of York (the University).**

The 45-year inflation-linked loan, which reached financial close on 6 December 2019, took advantage of low long-term rates and was funded by a single UK investor.

Graham Construction will build the new accommodation, deliveri...