Back to News

Blackpool Streetlighting PFI

FC for refinancing

27th January 2016

Blackpool Council’s streetlighting and signals PFI originally reached financial close in December 2009, with senior debt provided by a club of Barclays and National Australia Bank (NAB).


The Project company and its shareholders, Equitix and Pell Frischman, approached the Council with a view to refinancing to take account of improved debt margins and funding terms.


The Council appointed DWPF as its financial adviser to ensure the refinancing was carried out in accordance with contractual documentation and HMT guidance, to ensure proposed funding terms were on-market and to assist with the preparation of Value for Money reports and approvals processes.