Infrastructure debt

We were the sole institutional lender to an operational Offshore Transmission Owner (OFTO) connecting a UK offshore wind farm to the national grid through a series of cable network, substations, and other electrical equipment. This transaction, which has an inflation-linked income stream, provides exposure to essential infrastructure for the transition to a low carbon economy.

Offshore transmission owner source: LGIM as at March 2024.

We provided a long-term debt financing to Thameslink, which operates electric trains on many of the busiest stations in London as well some of the UK’s busiest airports. The trains, which are the largest single fleet in the UK, are 50% more energy efficient than old trains as heat generated from braking is conserved and used to re-generate power.

Thameslink: LGIM at November 2021

We provided long-term financing for a large portfolio of operating wind and solar assets (1.3 GW) located across six US States.

Source: LGIM as at December 2022

We provided the inaugural private placement financing for Canberra Data Centres (CDC), the second largest data centre provider by capacity in Australia (268 MW).

Canberra Data centres: LGIM as at February 2023

Our transactions in alternative debt cover a broad spectrum – from trade and asset-backed finance – through to government supported opportunities, derivatives strategies and private asset-backed securities (ABS).

For private corporate and public sector entities seeking to borrow outside of the public markets, we specialise in providing bespoke debt financing across a variety of sectors, structures and geographies.

Drawing on LGIM’s position as one of the UK’s largest and most experienced property investors, we provide expertise in senior loans secured against a broad range of property sectors.