The Proximo Infra awards seek to honor the most innovative, market-influencing transactions within project financing over the past year.

Sera Global acted as financial adviser to sponsors John Laing Investments and Cubic Transportation Systems in the reset and refinancing of the Massachusetts Bay Transportation Authority Automated Fare Collection Reset System.

The original deal was expected to close just before the COVID-19 crisis hit, requiring the team to restructure the deal, including rethinking the financing structure and lenders. Ultimately, the team structured a mini-permanent facility with five lenders and closed in June 2020, a testament to the firm’s nimble ability and collaboration as an advisory partner.

You can find out more information on the awards on Proximo Infra’s website.