CMS has provided advice to Bank Gospodarstwa Krajowego in relation to financing the construction of a Courtyard by Marriott hotel in Edinburgh co - owned by the Polish family company Polcom Group. The value of the project is GBP 14 million.
Global law firm Norton Rose Fulbright has advised the lenders for the construction, operation and maintenance of the new police headquarters Southeast Hesse in the city of Offenbach.
The headquarters will have capacity for 800 policemen and women and is structured as a public-private partnership (PPP). The state of Hesse and a project company held by Goldbeck Public Partner GmbH and Amber Infrastructure GmbH signed the contracts on 7 December.
Watson Farley & Williams (“WFW“) has advised Credito Valtellinese S.p.A. (“Credito Valtellinese”), on €2.3m financing of a 3.3 MW wind plant located in the Basilicata region in southern Italy. A key aim of the financing is a renovation of the plant to improve its energy efficiency.
The plant is owned by an SPV of Fri-El Group, one of Italy’s leading green energy companies and active in the wind sector since 2002.
Allen & Overy has advised Pengerang Terminals (Two) Sdn Bhd ("PT2SB") and its sponsors in connection with a USD1.25 billion senior financing facility with a syndicate of nine international banks. The project, which is a joint venture between Petroliam Nasional Berhad (PETRONAS), Royal Vopak Group, Dialog Group Berhad and the State Secretary, Johor (Incorporated) achieved financial close on 19 December 2017.
International law firm Watson Farley & Williams (“WFW”) has advised Marguerite Fund, Luxembourg (“Marguerite”) on the financing of the Swedish wind farm project “Grimsås”.
The wind farm, which has a total capacity of 46.8 MW, has been acquired by Marguerite in an all equity deal in June 2017 from Element Power and Karftö Vind.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), has advised a syndicate of the Eurasian Development Bank (EDB) and International Investment Bank (IIB) on a project finance transaction for the construction of two hydro-power plants with a total capacity of 49.8MW in the Republic of Karelia, northwest Russia.
The RUB 8.15bn facility will be repaid in 12 years. This is also a pilot project in Russia for the New Development Bank set up by the BRICS countries, as the creditors have used its resources for funding.
Osborne Clarke has advised corporate finance and investment firm, TradeRisks, on arranging and implementing £75.2m of fixed and indexed rate notes to assist Arlington Investors with their purchase of boutique student accommodation provider, Study Inn Group.
King & Wood Mallesons (KWM) advised China General Nuclear Power Corporation (CGN) as its international and PRC counsel on its EUR500 million seven-year euro-denominated green bonds and USD900 million US dollar-denominated debt with multi-period in the Irish and Hong Kong Stock Exchange respectively (the “Bonds”). The bonds are issued by CGNPC International Limited, a wholly-owned subsidiary company of CGN and unconditionally guaranteed by CGN. The complex multi-currency transaction with several periods in two regions, is rarely seen in the market.
Norton Rose Fulbright has advised the lenders, including Crédit Agricole, Société Générale, BNP Paribas, UBI, Siemens Bank and ING Bank, on a €280m limited recourse refinancing of a 106 MW Italian solar portfolio owned by Cubico Sustainable Investments (Cubico), one of the world’s leaders in providing renewable energy across the Americas and Europe. The portfolio comprises Italy’s second largest solar park by energy generating capacity, a 43 MW park located in Cellino San Marco, in the province of Brindisi (Apulia Region).
Watson Farley & Williams’ Paris office has advised specialist investment manager AMP Capital in relation to the subscription of green bonds for a total amount of €245m in order to finance a global 1.6 GW renewable energy portfolio developed by French renewable energy provider Neoen.