Business Wire·Aug 12, 2026, 1:30 AM ET

Assured Guaranty Guarantees €200 Million of Debt as part of the Refinancing of France’s A28 Toll Road

Assured Guaranty (Europe) SA (AGE) guaranteed €200 million in principal & interest payments for Autoroute de Liaison Seine-Sarthe Corporate (ALiS), an entity owned by a consortium of financial sponsors.
The guaranteed debt comprises a 30-year amortising floating-rate loan from four Spanish banks (Bankinter, Kutxabank, BCC-Grupo Cajamar, Abanca) & a 35-year amortising fixed-rate note from a UK institutional investor.
This financing facilitates the refinancing of the A28 toll road in northwestern France, which has operated since 2006.
AGE also issued a €55.5 million debt service reserve guarantee covering six months of debt service for ALiS's entire debt.
AGE leveraged its AA S&P rating to provide lenders with regulatory capital relief, enabling competitive long-term financing pricing.
A&O Shearman served as AGE's legal adviser, while Rothschild & Co. acted as financial adviser to ALiS.
Bankinter, Société Générale, & Crédit Agricole Corporate and Investment Bank acted as mandated lead arrangers for the transaction.
AGE is domiciled in Paris, regulated by the ACPR, & holds ratings of AA from S&P Global Ratings & AA+ from Kroll Bond Rating Agency.