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.
Watson Farley & Williams (“WFW”) has advised Teekay LNG Partners L.P. (“Teekay LNG”) and its joint venture partner China LNG Shipping (Holdings) Ltd (“CLNG”) on the US$1.6bn long-term financing for the construction of six Arc7 liquefied natural gas (“LNG”) carrier newbuildings at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea.
Burges Salmon’s cross-firm team advised on the aggregation and refinancing of a portfolio of solar projects across the UK and N.Ireland.
Burges Salmon has advised IDCM Limited acting as arranger on a £78.8 million loan facility provided by Aviva Investors for the aggregation and refinancing of a portfolio of mixed commercial ground mounted and residential commercial and domestic rooftop solar projects in England & Wales and Northern Ireland, managed by Oxford Capital Partners.
Watson Farley & Williams (“WFW“) and its Polish partner firm Solivan Pontes have advised Sequoia Investment Management (“Sequoia”) on the project financing of a 55 MW solar portfolio located in Poland. This transaction is the first large project financing under the newly implemented auction support systems in Central-Eastern Europe.
Global law firm Norton Rose Fulbright has advised international solar energy company Wirsol Energy (part of the WIRCON Group) on the acquisition, development and financing of 200MWp of solar projects – the Wemen Solar Park in Victoria (110MWp DC) and the Clermont Solar Park, Queensland (90MWp DC).
Wirsol announced that it had reached financial close for the projects today. The projects are being financed on a fully merchant basis with a long term debt facility from Clean Energy Finance Corporation (CEFC) and equity provided from Wirsol’s parent WIRCON.
King & Wood Mallesons (KWM) advised the Clean Energy Finance Corporation (CEFC) on the project funding for the Wemen Solar Farm in Victoria and the Clermont Solar Farm in Queensland.
The two solar farms are being financed on a fully merchant basis with a long-term debt facility from the CEFC. As sole debt financier, the CEFC has committed to AU $207 million in funding.
The KWM team was led by Claire Rogers, with support from Senior Associate Chris Allfrey and solicitors Priscilla Hejtmanek and Sam Purcell.
Hogan Lovells represented a group of Philippine banks on the PHP22 billion (approx. US$436 million) Philippine Peso only non-recourse financing for the second 668 MW unit of GNPower Dinginin Ltd. Co.'s supercritical coal-fired power plant being built in Bataan Province in the Philippines, which closed on 12 December. The project's amended and restated US Dollar and Philippine Peso debt facilities now total approximately US$1.3 billion.
Assisting Ferrovie dello Stato Italiane S.p.A as issuer on its inaugural green bond
International law firm Simmons & Simmons assisted Ferrovie dello Stato Italiane S.p.A. as issuer on its inaugural green bond for a nominal value of Euro 600m and annual coupon of 0,875%, pursuant to the EMTN Programme of the Company. The notes were listed on the Irish Stock Exchange.
Global law firm White & Case LLP has advised NORD/LB Norddeutsche Landesbank (NORD/LB) on a loan portfolio transaction in respect of a €10.1 billion reference portfolio (Northvest 2). Northvest 2 allows NORD/LB to reduce its risk-weighted assets and further strengthen its regulatory CET 1 ratio.
Clifford Chance Amsterdam has advised The Student Hotel on a 5+1+1-year EUR 310 million financing package consisting of a EUR 240 million term loan, EUR 60 million development RCF and a EUR 10 million guarantee line. The deal includes a EUR 100 million accordion and refinances TSH’s bilateral lines related to its Dutch hotel portfolio. The RCF and accordion provide The Student Hotel with the flexibility to finance new projects in The Netherlands and abroad, thereby contributing to The Student Hotel’s ambitious plans to realise 17,250 rooms in Europe by 2021.