Atlas Arteria (ASX:ALX) has secured new debt financing for its Chicago Skyway, which, according to analyst predictions from RBC Capital Markets, will aid the company in meeting its distribution objectives.

The toll road operator successfully raised $155 million worth of bonds in the US private placement market, adding further strength to its finances.

Moreover, Atlas secured agreement pricing for the refinancing and enlargement of current bank facilities in relation to Chicago Skyway.

RBC expressed confidence that the new financing will provide Atlas greater assurance to meet its 20 AU cents per share second half of 2023 distribution guidance.

In response to these developments, Atlas' shares have witnessed a surge, increasing up to 1.9% to reach their peak since September 22.

However, despite this surge, the firm’s stock remains lower by approximately 14%, compared to its start-of-year position.

Atlas Arteria is a global owner, operator and developer of toll roads, with a diversified portfolio across four continents.