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Port of Tyne Secures £100 Million Refinancing Package for Green Energy and Smart Logistics

Port of Tyne, a leading UK trust port, has obtained a £100 million refinancing package, marking a national first for a British major trust port. The deal strengthens the port's focus on green energy and smart logistics, showcasing investor confidence in its business strategy. Discover how this long-term credit facility will support the Port of Tyne's ambitious Tyne 2050 strategy and drive major infrastructure projects to capitalize on emerging market opportunities.

Port of Tyne, one of the UK's prominent trust ports, has successfully secured a £100 million refinancing package in collaboration with the UK Infrastructure Bank, Pricoa Private Capital, and Lloyds Bank. This groundbreaking 10-year financing arrangement sets a national precedent for a British major trust port, further reinforcing the Port of Tyne's commitment to green energy and smart logistics. The deal not only signifies the trust investors have in the port's business strategy but also highlights its dominant market position in established and emerging sectors such as offshore renewables and the automotive transition.

Under this new financing package, the Port of Tyne gains access to remarkable facilities. The government-owned UK Infrastructure Bank contributes a £50 million capital fund, while Pricoa Private Capital provides £45 million in long-dated loan notes. Lloyds Bank continues its support by acting as an agent and offering a £5 million revolving credit facility. Notably, Deloitte LLP's Infrastructure Team, Ashurst LLP, and Pinsent Mason LLP played pivotal roles in completing this facility, providing professional support.

This long-term credit facility equips the Port of Tyne with a robust capital structure to pursue its ambitious Tyne 2050 strategy while fostering the development of major infrastructure projects to leverage emerging market opportunities. By embracing this new structure, the Port of Tyne and the entire North East region can sustainably support future green energy markets and ensure long-term national energy security.

As a significant contributor of £700 million to the North East and UK economy, the Port of Tyne holds an integral position in various sectors. It hosts the operational and maintenance base for Dogger Bank, the world's largest windfarm, and stands as the second-largest car exporting port in the country. Additionally, the port plays a vital role in supporting a growing clean energy cluster and handles a diverse range of cargoes, including containers, manufactured goods, retail products, renewables, and passenger activities.

Aligned with the government's Maritime 2050 strategy, the Port of Tyne is poised to shape the UK's long-term future as a maritime nation. With the country's first Maritime Innovation Hub located at the port, it has also secured funding for the development of the Clean Tyne Shipping Corridor—a proposed decarbonized European maritime route. As part of its strategic vision, the Port of Tyne is fully committed to achieving zero net greenhouse gas emissions by 2030, electrifying its operations by 2040, and becoming a smart port.

Minister for Investment, Lord Johnson, expresses his support, stating, "Regenerating the Port of Tyne will not only help the UK cement its role as a global leader in clean energy technology but will also be essential for leveling up the North East with highly skilled, green jobs and local economic growth." He further recognizes the UK Infrastructure Bank's contribution to the country's net-zero ambitions, delivering innovative approaches for sustainable growth.

Mark Stoner, Chief Financial Officer at the Port of Tyne, emphasizes the significance of this capital facility, stating, "This ground-breaking capital facility will help the Port of Tyne accelerate its intentional ambitions plans to support the rapidly expanding and critical green energy and automotive transition markets, attracting international and home-based investment, area regeneration, highly skilled jobs, and the associated economic prosperity to the North East region and to the UK more widely."

For further information, please contact:

Jagoda Waszkowiak | Marketing and Communications Coordinator | Port of Tyne Tel: +44 (0) 191 455 2671 | Mob: +44 (0) 775 455 9646 Email:

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