Macquarie Infrastructure Debt Investment Solutions (MIDIS) has made £120m (€131m) investment in a portfolio of energy from waste assets operated by Viridor.
The infrastructure debt asset manager said the long-term senior secured debt financing replaces shorter-term debt raised by KKR managed funds for their £4.2bn acquisition of Viridor from Pennon Group in July 2020.
Viridor operates 11 energy recovery facilities across the UK. Viridor also has a pipeline of projects under development, including a plastics recycling facility due to enter operations later this year.
Eric Henschel, senior VP, MIDIS, said: “Viridor is a welcome addition to the MIDIS portfolio and in line with our strategy of supporting the development of sustainable infrastructure businesses.
“With its advanced energy recovery facilities and commitment to the circular economy, Viridor is helping to power communities across the UK whilst reducing the amount of waste sent to landfill each year.”
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