OMERS Infrastructure has closed €770 million ($904 million) in new debt facilities at Borealis Spain Parent B.V., the holding company of Spain’s energy infrastructure giant Exolum.
OMERS holds a 25 percent stake in Exolum and has invested in the company since 2016. The Spanish energy company provides specialized solutions to support the energy transition. It owns the transmission pipeline network spanning 4,000 kilometers (2,485 miles) in Spain and operates a 2,000-kilometer (1,242-mile) pipeline network in the United Kingdom.
Exolum also owns 68 storage terminals with a capacity of more than 11 million cubic meters and serves more than 48 airports worldwide. Among these are Heathrow, Gatwick and Stansted in London; Madrid; Barcelona; Lisbon; Lima in Peru; and Charles de Gaulle in France.
“The scale, pricing and the engagement of both bank and private placement lenders in this process demonstrate the strong fundamentals and quality of the Exolum investment
