With a Frankfurt-based team led by partner Thomas K. Schrell, the business law firm of Heuking Kühn Lüer Wojtek advised a banking syndicate on financing the acquisition of the quartz glass plant of Dutch technology group Philips by Thuringian quartz glass manufacturer QSIL. The syndicate of lenders, headed by Helaba, consists of savings banks. The financing volume was not disclosed.
Milbank, Tweed, Hadley & McCloy LLP advised the Korean export credit agency, Korea Trade Insurance Corporation (“K-sure”), the ECA co-ordinator, HSBC, the commercial facility co-ordinator, Standard Chartered Bank, the K-sure covered facility lenders and the commercial facility lenders, on the structuring and documentation of a complex multi-jurisdictional ethane ship financing for Reliance, marking the company’s biggest maritime initiative in recent times.
Nabarro is advising Cenkos Securities plc as nominated adviser and broker on the £37.6m placing and open offer by AIM-listed Indian ports developer, SKIL Ports and Logistics Limited. The proceeds of the placing and open offer will be used by SKIL Ports and Logistics to complete the development of its major port project at Navi Mumbai and bring the port to operational status.
The Nabarro team was led by Corporate partner and Head of India Group, Alasdair Steele, who was assisted by senior associate Sarah Etherington. DWF is advising SKIL Ports and Logistics.
McDermott Will & Emery successfully assisted Bayerische Landesbank, Anstalt des öffentlichen Rechts (BayernLB) in a refinancing of a portfolio of Italian photovoltaic plants owned by CIC Renewable Energies Group. The three plants, with an aggregated capacity of 12 MW, are located in the municipality of Ceneselli in the Veneto Region of Italy.
Ashurst advised ING Bank N.V., UniCredit S.p.A. and Siemens Bank GmbH in connection with the structuring and arranging up to a maximum of €87.9 million senior debt facilities for the development, construction and operation of a 60 MW onshore wind farm located in Melfi, Italy. The project is being developed by a subsidiary controlled by Glennmont, a major infrastructure fund.
The Ashurst team was led by Milan-based energy partner Carloandrea Meacci, assisted by associates Federica Periale and Andrea Semmola.
Norton Rose Fulbright has advised the Thai and Malaysian arms of Trans Thailand-Malaysia (TTM) on the refinancing of a total of US$207 million in relation to an offshore gas pipeline project located in the Malaysia-Thailand Joint Development Area in the Gulf of Thailand.
Watson Farley & Williams (“WFW”) advised a consortium of banks on the financial restructuring of the 5 MW Inverland photovoltaic plant at Valdecaballeros in Badajoz, Spain. Inverland, which is owned by Abraxa, comprises 50 plants with an installed capacity of 100 KW each.
The consortium of banks consisted of Bank of America Merrill Lynch, Germany’s Portigon Financial Services (successor to WestLB AG) and Dexia Sabadell, a joint venture between the Franco-Belgian Dexia Group and Sabadell, Spain’s fifth largest banking group.
Freshfields has advised the Ministry of Defence on an amendment to the 35 year Project Allenby/Connaught contract
DLA Piper has advised NORD/LB and Hastings' managed funds on providing funding to Cubico, a global leader in renewable energy and water investment, for the acquisition of Owl's Hatch Solar Park. The firm also acted for Cubico on the acquisition which occurred concurrently with the financial close.
Owl's Hatch is a 50 MW solar farm in Herne Bay, Kent. Set over 213 acres, the site is home to ‘Hareon 260Wp polycrystalline’ solar panels, generating enough energy to power approximately 12,600 homes per year.
As announced by Solstad Offshore ASA (SOFF), SOFF took delivery of the "Normand Maximus" on the 28th October 2016 through the 25/75 owned affiliate, Maximus Limited, with AGC Maritime Yield Fund I LP from Vard Brattvaag. At the same time, the vessel commenced its 8-year charter contract with Saipem.
Normand Maximus, is developed in close collaboration between Solstad, Saipem and Vard and is to our understanding the largest vessel ever constructed by Vard Brattvåg.