Global law firm Norton Rose Fulbright has advised the real estate investment fund Tages Helios, managed by Tages Capital SGR on the €360m refinancing of a 101 MW solar portfolio. Owned through eight SPVs, the portfolio of nine solar parks was purchased by Tages Helios in August 2016 and includes a 70 MW plant in Rovigo, one of the largest of its kind in Italy, as well as a 20 MW plant in the Campania Region and seven other smaller parks in Lazio, Puglia and Sicily. The refinancing was provided by a consortium of banks including Banca IMI S.p.A., BNP Paribas - Italian Branch, UniCredit S.p.A., Natixis S.A. - Milan Branch, Banco Santander, S.A. - Milan Branch, Banca Popolare di Milano S.p.A., Cassa depositi e prestiti S.p.A. and Société Générale Milan Branch. The funds will be used to repay existing debt as well as to finance other projects.

The Norton Rose Fulbright team was led by Milan-based partner and head of the Italian banking and energy practices, Arturo Sferruzza, assisted by senior associates Luigi Costa and Marcello Ciampi, and by associate Ginevra Biadico.