The company’s Infrastructure Debt Funds I and II (IDF I and IDF II) are investing a pro rata share of $50m each, which will be used to refinance the existing subordinated debt.
AMP Capital Global Infrastructure Debt head Andrew Jones said the transaction complements the company’s existing portfolio while adding a core infrastructure asset in North America.
”Investors are attracted to this investment as the facility features state-of-the-art, commercially-proven generation equipment and technology combined with a long and successful operating history,” Jones added.
With a total generating capacity of 550MW, Astoria Project Partners is dubbed as one of the cleanest and most efficient power facilities in New York City, US.
The latest transaction follows IDF II’s first subordinated debt investment in ADI Finance, which owns Heathrow, Glasgow, Aberdeen and Southampton airports.
