MetLife Investment Management Provides $197.8 Million in Public-Private Financing to Flood Diversion Project
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Business Wire
MIM develops tailored private placement that aligns with green loan principles and contributes to the advancement of UN sustainable development goalsProject financing to help protect 235,000 people in the Fargo-Moorhead (FM) metropolitan area from the impacts of extreme flooding WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it was the sole lender for $197.8 million in financing to support the Public-Private Partnership (PPP) portion of the FM Area Diversion project, the first PPP flood management project in North America.MIM’s Private Capital team led the innovative private placement program on behalf of MetLife’s general account and MIM’s institutional clients as part of a broader financing package structured by the Red River Valley Alliance, a consortium including Acciona Concesiones, Shikun & Binui, and North American Construction Group. The Metro Flood Diversio
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