Herbert Smith Freehills has advised Neoen Australia on the construction, operation and financing, and the Clean Energy Finance Corporation (CEFC) on the project financing, of three solar farms in New South Wales, with a total project cost in excess of A$230 million.

The three projects are the first with debt financing to reach financial close under the CEFC’s A$250 million large-scale solar program and the Australian Renewable Energy Agency’s (ARENA) A$92 million large-scale solar round.

The projects are:

SINGAPORE, February 1, 2017 – Milbank, Tweed, Hadley & McCloy LLP has advised Indonesian power provider PT. Tanjung Power Indonesia (TPI) in securing approximately US$560 million in debt and equity financing for the construction of a 2 x 100-megawatt coal-fired power station in South Kalimantan, the southernmost province on the island of Borneo. TPI is a joint venture between Indonesia’s PT Adaro Power and PT EWP Indonesia, a subsidiary of Korea East-West Power Co.

Watson Farley & Williams (“WFW“) has advised the Société Générale Group in connection with the refinancing of nine H135 helicopters and one Bell 429 helicopter, owned by Iris Helicopter Leasing Limited (“Iris Helicopter”). Iris Helicopter is a joint investment of Nova Capital and Rive Private Investment (the latter an independent private equity firm founded in 2013 by 123Investment Managers and Elyseum Investment), dedicated to the leasing of civil helicopters.

Watson Farley & Williams (“WFW“) has advised Landesbank Saar in connection with the financing of a partnership agreement relating to the renovation, extension and maintenance of an aquatics centre located in the Communauté de Communes Bretagne Romantique in Brittany, France. This financing amounts to approximately €6.5 million.

WFW advised Landesbank Saar on the drafting and negotiation of all finance and security documents as well as on all legal aspects of the partnership agreement and the project documents.

Herbert Smith Freehills has advised Moorebank Intermodal Company Limited on the financial close of the Moorebank Intermodal Terminal, a A$2 billion freight hub at Moorebank in south-western Sydney.

Once constructed, the freight hub will include:

* an import-export terminal and an interstate terminal;
* a rail connection to the Southern Sydney Freight Line; and
* up to 850,000sqm of warehousing.

King & Wood Mallesons (KWM) is delighted to have worked with Qube Holdings Limited on its achievement of financial close for the A$2b Moorebank Intermodal Precinct Development project – which will transform the freight and logistics supply chain along the east coast.

BLP has advised European Property Investors Special Opportunities 4 (EPISO 4), an opportunity fund advised by pan-European real estate investment manager Tristan Capital Partners, on its investment in the £50 million redevelopment of the former Derrys department store in Plymouth city centre. EPISO 4 provided preferred equity and debt funding to the buyer company. The investment will be in partnership with Thames Bank Property, which has been working on the project for more than three years.

Allen & Overy and Ginting & Reksodiputro (in association with Allen & Overy) have advised Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia as senior lenders on the acquisition of PT Newmont Nusa Tenggara (NNT) by a consortium comprised of PT Medco Energi Internasional Tbk and banker Agus Projosasmito’s PT AP Investment.

Watson Farley & Williams (“WFW”) has advised DVB Bank SE Singapore Branch (“DVB”) in relation to a US$27m facility to Grindrod to finance its New Zealand flagged tanker, m.t. “MATUKU”. The vessel, delivered in 2016 from SPP Sacheon shipyard in South Korea, is operating in New Zealand waters under bareboat charter to a wholly-owned entity within the ASP Ship Management group. The vessel has been built to represent high operational and environmental standards.

Watson Farley & Williams (“WFW”) has advised DVB Bank SE Singapore Branch (“DVB”) as facility agent in relation to a US$55m facility to IVS Bulk to finance five new Japanese-built 34,000 to 60,000 dwt bulk carriers.  Additional lenders, HSH Nordbank AG Singapore Branch and Showa Leasing have acceded to the facility. The vessels are registered under the Singapore flag.