The Anglican Investment and Development Fund

Case Study

AIDF receives a PGIM Private Shelf Facility to simplify their financing structure and provide funding certainty

Located in Canberra, ACT, Australia, The Anglican Investment and Development Fund (“AIDF” or “the Group”) is the financing entity for the Anglican Diocese of Canberra and Goulburn.

At a Glance

In mid-2024, PGIM started developing a relationship with the AIDF. The Group was seeking pathways to simplify and add flexibility to its existing financing arrangements while also providing additional funding capacity to deliver the development of Stromlo Forest Anglican College. The AIDF was attracted to PGIM’s unique Shelf facility which would simplify its financing structure, provide funding / execution certainty, and add tenor and flexibility to its capital structure.

In October 2024, PGIM provided the AIDF with a 3-year revolving PGIM Private Shelf facility of up to A$200m. PGIM provided an initial draw of A$160m in 4 equal A$ floating-rate tranches across tenors of 7, 10, 12, and 15 years.

The AIDF appreciated PGIM’s patient and relationship-based approach, its solutions-oriented mindset and knowledge of the education sector.

Relationship Since 2024

Transaction details:

A$200,000,000 PGIM Private Shelf

Initial Draw of A$160,000,000 Senior Secured Notes

“We are really pleased with our new relationship with PGIM. Their long-term funding will support the AIDF through the delivery of our important social mission and execution of our future opportunities. Their unique PGIM Private Shelf product provides us with a flexible and tailored financing solution which will support the group over the long-term. We look forward to working closely with PGIM in the years to come.”

Trevor Ament, CEO, AIDF