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Construction Financing

Need a new headquarters for your growing company? Need a new bridge for your city? Construction financing can help you get the job done. 
partner story

Whitecap Resources

This Canadian oil & natural gas provider had two goals in mind: to term out a portion of outstanding debt under its borrowing base and diversify its access to long-term capital. They turned to us, and together, we tailor-made a US$175 million multi-currency Pricoa Shelf Facility.
Construction financing describes any type of financing used in the development of buildings, infrastructure, or energy projects. We have three groups that help companies finance construction projects:
  • Energy Finance consists of specialists in upstream (exploration & production), midstream, power, and renewables. The team has helped finance projects for a variety of uses across the energy value chain,  including power generation and electric grid operation and management
  • Infrastructure Finance  specialises in providing long-term, fixed-rate debt for transportation infrastructure projects, like ports, bridges, tunnels, passenger and freight rail, shipping terminals, and parking
  • Credit Tenant Lease Financing provides construction-to-permanent financing as well as funding for sale/leaseback opportunities, capital leases, and acquisitions of single tenant, net leased properties for strong corporate and government tenants
our people

Let's build something great - together.

“As a capital provider, everything we do is meant to generate growth, and it’s always nice to see our partner companies accomplish their growth objectives.”

BRITTANY BRADEN
vice president
Energy & Finance
Typical size
  • US$25 million - US$300+ million
Typical uses
  • New construction
  • Renovation or expansion
  • Property operation and management
  • Infrastructure (roads, bridges, ramps, etc.)
Structural characteristics
  • Investment grade long-term debt
  • Project finance or traditional corporate issuance
  • Maturities of up to 25+ years with custom amortisation schedules
  • Assets may be directly owned or operated through a long-term concession or contract
Issuer benefits
  • Ability to receive capital and complex structures for a wide variety of asset types
  • Capability to fund in local currency and in fixed or floating rate
“Pricoa is one of the leaders in the private placement market, and we felt that they would be good long-term partners that we could work closely with, that understand the oil and gas business, and can appreciate the quality of assets that we have.”
Thanh Kang, Chief Financial Officer, Whitecap Resources
Pricoa Private Capital (‘PPC’) is a trading name of PGIM, Inc. (‘PGIM’), the principal asset management business of Prudential Financial, Inc. ('PFI'), and it is also a trading name of PGIM Private Capital Limited and PGIM Private Capital (Ireland) Limited. In the United Kingdom, information is issued by PGIM Private Capital Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Private Capital Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 172071) and registered in England No. 1331817. In the European Economic Area (“EEA”), information is issued by PGIM Private Capital (Ireland) Limited with registered office: Pramerica Drive, Letterkenny Business and Technology Park, Letterkenny, Co Donegal, F92 W8CY, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Private Capital Limited in reliance of provisions, exemptions or licenses available to PGIM Private Capital Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Private Capital Limited and/or PGIM Private Capital (Ireland) Limited to persons who are professional clients as defined  under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).