When infrastructure businesses grow across borders, financial solutions must keep pace

For Intertoll Group, a leading global transport and infrastructure developer, operator, maintainer and investor, the next phase of growth required more than refinancing. It required a banking partner capable of understanding the complexities of operating critical infrastructure assets across multiple jurisdictions and designing a solution that could support both immediate funding needs and long-term strategic ambitions.

Intertoll needed a partner with the expertise to simplify complexity, coordinate multiple financing requirements, and structure an integrated solution that would strengthen financial flexibility while supporting future expansion.

Nedbank Corporate and Investment Banking (CIB) delivered exactly that.

Solving a complex cross-border financing challenge

Infrastructure businesses face unique challenges.

Their assets are long-term and capital-intensive, and often span multiple markets. As businesses expand internationally, financial requirements become increasingly complex. Managing these elements through separate providers can create inefficiencies and complexity.

Intertoll's challenge was to secure a refinancing solution that would provide enhanced flexibility while supporting its broader operational and growth objectives across multiple jurisdictions.

Nedbank CIB took a holistic view of the business and designed a solution around the client's strategic objectives instead of treating their needs as individual products.

Leveraging deep infrastructure sector expertise, long-standing client relationship and an integrated cross-border banking platform, Nedbank CIB structured and executed a refinancing solution that combined debt and trade finance, liquidity management, and risk mitigation into a single seamless transaction.

The result is a solution designed not only to meet today's requirements, but also to position Intertoll for sustainable growth into the future.

The focus was simple: provide 1 integrated solution, 1 relationship, and 1 coordinated financing approach.

Bringing deep infrastructure expertise to the table

Infrastructure is one of Nedbank CIB's core sectors, with extensive experience in funding and advising some of the most significant transport-and-logistics, energy, and social infrastructure projects across Africa and international markets.

This sector insight enabled the team to understand the unique dynamics of Intertoll's business and structure a solution aligned with its operating model and long-term ambitions.

Nedbank CIB brought together specialists from across the bank to create a solution tailored to the client's needs rather than offering a standard refinancing package.

The transaction showcases how sector expertise, combined with innovative structuring capabilities, can unlock greater value for clients operating in increasingly complex environments.

One client. One solution. Multiple capabilities.

Nedbank CIB acted as the following:

• Co-arranger
• Lender
• Guarantee Issuing Bank
• Hedge Counterparty

While each role addressed a specific requirement, the true value lay in how these capabilities were integrated into a single client-centred solution.

This holistic approach reduced fragmentation, streamlined the financing process, and ensured that every component of the transaction was aligned with Intertoll's broader strategic objectives.

Designing solutions beyond borders

As clients expand internationally, they need banking partners that can operate with the same agility across markets.

The Intertoll refinancing demonstrates Nedbank CIB's ability to structure and execute sophisticated transactions beyond South Africa's borders, bringing together international financing expertise, local market understanding, and global product capabilities.

The transaction required careful coordination across jurisdictions, stakeholders, and banking disciplines.

By navigating this complexity and delivering a seamless outcome, Nedbank CIB reinforced its capability to support clients where growth opportunities take them.

The deal also highlights the strength of relationship and sector-led banking, where solutions are designed around the client's evolving needs rather than individual products.

This deal is a powerful example of how the bank's sector-led model and whole-bank capabilities combine to solve complex client challenges.

Enabling the next phase of growth

The true measure of any financing solution is the opportunity it creates.

For Intertoll, the refinancing provides enhanced financial flexibility, supports continued investment across its infrastructure portfolio, and positions the business to pursue future growth opportunities with confidence.

By aligning capital, risk management, and banking capabilities with the client's strategic objectives, Nedbank CIB delivered more than a refinancing.

It delivered a solution designed for growth.

Building infrastructure relationships that travel

The Intertoll transaction demonstrates what is possible when deep sector expertise, innovative structuring, cross-border execution capabilities, and whole-bank collaboration come together around a client's ambitions.

As infrastructure clients continue to expand beyond traditional markets, Nedbank CIB remains committed to partnering with them to navigate complexity, unlock opportunity, and achieve sustainable growth wherever their ambitions take them.

Infrastructure expertise that travel. Solutions designed beyond borders.

Looking to expand your infrastructure business across markets and jurisdictions?

Nedbank CIB combines deep infrastructure expertise, innovative financing solutions, and cross-border execution capabilities to help clients achieve their growth ambitions.