Irwin Mitchell Advises Lloyds Bank Commercial Banking
A Barnsley importer, manufacturer and distributer of composite doors, has secured an £11.5million finance package from Lloyds Bank Commercial Banking.
Distinction Doors Ltd plans to use the asset-based lending facility to help build stock for the Next Generation Door product range which will be launching in 2017.
Norton Rose Fulbright has advised the Moroccan Agency for Sustainable Energy (Masen) on the NOOR PV I Programme which is part of Morocco's successful solar vision.
The NOOR PV I Programme, comprising three separate PV projects, NOOR Ouarzazate IV, NOOR Laâyoune and NOOR Boujdour, will have a combined capacity of 170MW. The projects have been financed by Masen with support from KfW (in respect of NOORo IV) and the proceeds of the first green bond issuance in Morocco. The private sector partner is ACWA Power, the leading Saudi-based electricity company.
Watson Farley & Williams (“WFW”) advised the European Bank for Reconstruction and Development (“EBRD”) on a €50m Greek law financing and Piraeus Bank S.A. (“Piraeus Bank”) on a €10m Greek law parallel financing for the construction, development and operation of Greek renewable energy projects by companies in the Terna Energy group. The facility will allow Terna Energy to construct wind farms with a planned capacity of 48 MW to add to current installed capacity of 738 MW, which is expected to exceed 1,000 MW over the next few years.
Watson Farley & Williams (“WFW“) advised BPER Banca and MPS Capital Services Banca per le Imprese S.p.A. on the structuring of a €16m project financing for the construction and management of a portfolio of four hydroelectric plants with the total capacity of circa 7.5 MW. The financing provided a tailored structure designed to accommodate the different stages of development of the four plants: one operative, one under construction and two awaiting authorisation to begin production.
Completing another major transaction in the Indonesia energy infrastructure space, Milbank, Tweed, Hadley & McCloy LLP advised the Korea Trade Insurance Corp. (K-sure) and a group of commercial banks in connection with the more than US$147 million financing of a hydroelectric power project on the Indonesia island of Sumatra.
The Hasang Hydroelectric Power Project, scheduled for completion in 2019, will consist of three 13-megawatt generators located in northern Sumatra, the westernmost island of the Indonesian archipelago.
We acted for Bank of Ireland in connection with the provision of a project-finance facilities to Castlepook Power Limited, a ESB\Coillte joint venture company to finance the 33.1 MW Castlepook Wind Farm project in County Cork. The project comprises 14 Nordex wind turbines and is located in the Ballyhoura Mountains in Co Cork.
Ashurst advised a syndicate of banks comprising Banco Bilbao Vizcaya Argentaria S.A., Banco Santander S.A., Credito Valtellinese, MPS Capital Services Banca per le Imprese S.p.A., Natixis S.A. and UBI Banca S.p.A. as lenders and mandated lead arrangers in relation to a €66.72 million facilities agreement (comprising a €62.72 million term loan and a €4 million revolving credit facility) entered into by the 9REN Group, a leading European renewable energy company owned by First Reserve.
White & Case LLP has advised BNP Paribas, Crédit Agricole, IFC, ING, Natixis, OPIC, Société Générale and two Guinean banks on the multi-hundred million financing of Compagnie des Bauxites de Guinée's Sangaredi bauxite mine expansion in the Republic of Guinea. The financing will be part of the largest foreign investment in Guinea in recent years, with the debt tranches committed for the mine expansion, including a facility covered by UFK, the German untied export credit agency.
Norton Rose Fulbright's Washington, DC and New York offices advised IDB (Inter-American Development Bank), Proparco (the private sector financing arm of Agence Française de Développement), DEG (Deutsche Investitions - und Entwicklungsgesellschaft), FMO (the Dutch development bank) and commercial B lenders on US$265m of loans to Kingston Freeport Terminal LTD (KFTL).
Clifford Chance is advising the Industrial and Commercial Bank of China (ICBC) on the establishment of a European investment fund that is focused on projects in Central and Eastern Europe (CEE). The fund is part of China's major initiative to develop a modern silk road – 'One Belt One Road', and was formally announced at the China and CEE Countries Summit in Riga, Latvia on 5 November 2016.