DLA Piper has advised Ports Development Company (PDC), a joint venture between Emaar the Economic City and Huta Marine Works Ltd (a subsidiary of Saudi Binladin Group) on the SAR 2.7 billion project financing of King Abdullah Port in Saudi Arabia. The project financing is one of the largest transport project financings to have been undertaken in the region to date.
DLA Piper has advised Ports Development Company (PDC), a joint venture between Emaar the Economic City and Huta Marine Works Ltd (a subsidiary of Saudi Binladin Group) on the SAR 2.7 billion project financing of King Abdullah Port in Saudi Arabia. The project financing is one of the largest transport project financings to have been undertaken in the region to date.
International law firm Watson Farley & Williams (“WFW“) advised MPS Capital Services and UniCredit on their purchase of minority stakes in the €60m financing granted to Daunia Ascoli S.r.l. as borrower by a syndicate of banks in relation to a 53.5 MW wind farm in Ascoli Satriano (Foggia, Puglia).
International law firm Watson Farley & Williams (“WFW“) advised Banca Popolare di Milano (“BPM”), Italy’s second largest co-operative bank, on two project financings, with an aggregate value of €6m, of two biogas plants owned by Fri-El Group, the leading Italian electrical energy producer from renewable sources.
The two plants will provide electrical energy to municipalities of Crevalcore (Emilia-Romagna, NE Italy) and Villacidro (Sardinia) where they are located.
The Freshfields team advised on all aviation and asset financing aspects and was led by partner Rob Murphy
The combined aircraft fleet is valued at over US$43 billion
On 3 October 2016 Rentel NV secured EUR 850 million in debt funding for the financing of its 309 megawatt offshore wind farm to be located in the North Sea (between Thornton Bank and LodewijkBank), approximately 40 kilometers north of Ostend (Belgium). The construction of the wind farm, consisting of 42 turbines, is expected to start in May 2017 and to be completed by the end of 2018.
Eversheds has advised a consortium of Chinese banks, led by China Development Bank Corporation (CDB), on key financial aspects of the £16 billion Hinkley Point C nuclear new-build project (HPC).
Comprising partners Alex Doughty (London), Jay Ze (Beijing), Samuel Chau (Hong Kong), Kang Qiao (Associate, Beijing) and Lim Jian Liang (Associate, London), the Eversheds team provided advice on the initial c. £4 billion credit facilities, with a further c. £4 billion of facilities to follow.
Ashurst advised Korea Post, assisted by La Française Real Estate Partners, on the acquisition of the Paris headquarters of investment bank Natixis for €176 million.
Korea Post is the national postal service of South Korea, and this transaction means its first real estate investment in France.
The property consists of three buildings and is located in Paris' Montmartre Street.
BNP Paribas and ING Bank N.V. granted a €104 million facility.
Burges Salmon has advised investment company Bluefield Solar Income Fund on the £217 million refinancing of a portfolio of solar parks onto a long-term whole-business style debt platform.
Bluefield SIF Investments Limited entered into a £187 million long-term debt facility provided by Aviva and a £30 million short-term revolving credit facility provided by The Royal Bank of Scotland plc. The facilities fully refinance the short-term £200 million amended and restated facility agreement with RBS and Investec Bank plc entered into in January 2016.
Over the last two years, Ashurst Tokyo has been advising Caribbean Gas Chemical Limited (CGCL) in relation to the project financing of a methanol (and dimethyl ether) production facility at the Union Industrial Estate in the La Brea area of southern Trinidad, in the Republic of Trinidad and Tobago.
Project financing has been obtained from The Japan Bank for International Cooperation together with cofinancing provided by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and certain other commercial lenders with an overall debt facility of USD693 million.