METLIFE AND THIRD PARTY CLIENTS PROVIDE GBP 125 MILLION FINANCING TO THE LARGEST TRAIN LEASING COMPANY IN THE UNITED KINGDOM
New York and London, December 9, 2014
MetLife, Inc. (NYSE: MET) announced today that a consortium of its affiliates and third-party investor clients have provided GBP 125 million ($200 million) in financing to Angel Trains Group, the largest railway leasing company in the United Kingdom. The floating rate note has a seven-year term.
In this financing, MetLife and third-party investor clients advised by MetLife Investment Management purchased junior debt issued by Angel Trains. The MetLife-led consortium was the sole investor in this transaction, which closed on November 28.
“Our investment in Angel Trains Group demonstrates MetLife’s ability and readiness to creatively structure financings for our borrowers,” said John Tanyeri, managing director and head of infrastructure investments for MetLife in Europe. “Our consortium was the sole investor in this deal, and we were able to meet the borrower’s maturity targets in the local currency.”
Tanyeri added that, with this deal, MetLife and certain of its third-party investor clients have more than $1 billion in rail infrastructure investments in the United Kingdom. Infrastructure financing provides MetLife with investment opportunities that match its long-term liabilities.
MetLife Investment Management, LLC, an SEC-registered investment advisor, leverages the investment expertise of MetLife Investments to create attractive, long-term returns for institutional investors, including insurance companies, public and private pension plans, and sovereign wealth funds.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.