Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Structured/Project Finance

Herbert Smith Freehills advises syndicate of banks on the provision to Macquarie Group Limited of over $3.5 billion of facilities with green tranches

19 Jun 2018

Herbert Smith Freehills has advised a syndicate of banks on the provision to Macquarie Group Limited of £2 billion (approximately $AUD3.53 billion) loan facilities, including two green loan tranches. The syndicate includes The Hongkong & Shanghai Banking Corporation Limited (HSBC), ING Bank N.V., Sydney Branch (ING) and Bank of China Limited as mandated lead arrangers and bookrunners, with HSBC and ING as green structuring advisers.

WFW advises NORD/LB on German-Danish cross-border solar plant pilot tender

18 Jun 2018

Watson Farley & Williams (“WFW”) has advised Norddeutsche Landesbank Girozentrale (“NORD/LB”) on the circa €40m long-term financing of the first German-Danish cross border tender for a portfolio of eight solar plants in Denmark with a total installed capacity of 70 MW to be developed by Danish company European Energy.

Shoosmiths advises on multi-million Tower Hamlets development

18 Jun 2018

National law firm Shoosmiths has advised property development specialist DCP Limited on its multi-million pound refinancing for a site in Tower Hamlets, London.

The £26 million deal - with OakNorth Bank Plc - was turned around in just three weeks and represented DCP's first major finance deal.

The refinancing is part of a wider development scheme aimed at delivering around 100 affordable and private rental homes in Caroline Street.

Clifford Chance advises on first commercial scale offshore wind farm in Asia

18 Jun 2018

Leading international law firm Clifford Chance has advised the sponsors (Macquarie Capital, Ørsted and Swancor Renewable Energy) on the NT$18.7 billion (US$627 million) 16-year project financing of the development, construction, commissioning, testing and operation of Formosa 1 – Taiwan's first commercial scale offshore wind farm.

This landmark transaction represents a defining first step towards Taiwan achieving its objective of delivering 5.5GW of energy from offshore wind farm projects by 2025.

HERBERT SMITH FREEHILLS ADVISES ONSLOW MARINE SUPPORT BASE ON COUNTRY’S FIRST NAIF-FUNDED PROJECT

14 Jun 2018

The Herbert Smith Freehills finance team has advised Onslow Marine Support Base Pty Ltd (OMSB) as the borrower in the first Northern Australia Infrastructure Facility (NAIF) loan facility funding disbursed since the fund was established.

Under the transaction, NAIF provided a subordinated concessional loan to OMSB to facilitate the construction of a multi-user infrastructure port and marine supply project at Onslow in Western Australia. National Australia Bank Limited was the senior lender on the project.

Linklaters advise lenders of Formosa 1: the first offshore wind farm project in Taiwan

12 Jun 2018

    Linklaters advise the common lenders and EKF, Denmark’s Export Credit Agency, on the NT$18.7bn project financing
    Financing involved a consortium of eleven international and local Taiwanese banks providing 16 year project financing together with a guarantee provided by EKF.
    First project financing in the Taiwanese offshore wind industry and expected to provide the financing template for the large number of offshore wind projects slated for development over the next few years.

WFW advises banks on “Kosten” Argentine onshore wind project financing

11 Jun 2018

Watson Farley & Williams (“WFW”) has advised KfW IPEX-Bank GmbH and Kreditanstalt für Wiederaufbau on the US$ 31.7m financing of the Kosten onshore wind farm project located in Escalante in Argentina’s Chubut province. The financing is covered by an ECA guarantee from Germany’s Euler Hermes and is one of the first non-recourse project financing transactions in Argentina after the last change of government.

DLA Piper advises the lenders on the financing of the Rv. 3/Rv. 25 projects in Norway

11 Jun 2018

DLA Piper has advised the lenders in connection with the financing of the Rv. 3/Rv. 25 project in Norway, worth NOK2.6 billion, about EUR270 million.

Skanska, a leading development and construction company in the Nordics, has signed the project agreement and reached financial close with the Norwegian Public Roads Administration (NPRA) for the financing, design, construction, operation and maintenance of a new 25 kilometre national road, the Rv. 3/Rv. 25 between Løten and Elverum, in the county of Hedmark, Norway.

DLA Piper advises NORD/LB on the project financing of the first non-subsidy wind farm in the UK

07 Jun 2018

DLA Piper has advised Norddeutsche LandesbanK (NORD/LB) on the project financing for the construction and operation of a wind farm in the United Kingdom for German developer Energiekontor. The overall financing volume amounts to GBP 10.4 million.

The Withernwick II project will have four Senvion MM92 turbines with a total capacity of 8.2MW with commissioning planned for 2019. It is an extension to the original 18.45MW Withernwick I project which has been operational since 2013 and was also financed by NORD/LB.