Leading international law firm Clifford Chance today announced that it acted as New York counsel to Goldman Sachs and Scotia Capital (as Initial Purchasers), and Bancolombia, Banco de Bogota, Banco de Occidente and the CAF-AM Ashmore Debt Fund (as Senior Lenders) in connection with the approximately US$472 million multi-source and multi-currency financing of the Costera Cartagena Barranquilla 4G toll road in Colombia that closed on July 8, 2016.

International law firm Watson Farley & Williams (“WFW”) has advised Tellenes Vindpark AS (as the “Project Company”) on the construction financing for the 160MW Tellenes wind farm in Norway, which will be the largest operational wind farm in that country once complete.  The Project Company was acquired by US investment firm BlackRock from previous developers Zephyr and Norsk Vind.

Clifford Chance has advised J.P. Morgan on the financing of the acquisition of a portfolio of non-performing loans belonging to HSH Nordbank AG via hsh portfoliomanagement AöR. The portfolio volume covers up to EUR 6.2 billion. The deconsolidated environment for this acquisition, hsh portfoliomanagement AöR, was established by the Federal States of Schleswig-Holstein and Hamburg at the beginning of this year.

International law firm Watson Farley & Williams (“WFW”) advised the European Bank for Reconstruction and Development (“EBRD”) on a €10 million English-law, cross-border financing for the construction, development and operation of five solar photovoltaic parks in Cyprus, with a total capacity of 11.9MW. The parks are located across the island at Frenaros, Nisou, Dhali, Paliometocho and Malounta.

DLA Piper has advised a consortium comprising the banks, Helaba Landesbank Hessen-Thüringen and Bayerische Landesbank, a German real estate financier and commercial bank respectively, on the financing of the UpperZeil development in Frankfurt. It contains 14,840-m² of commercial space and is located in the inner city area of Frankfurt.   

Global law firm Norton Rose Fulbright has advised Quercus Assets Selection on the £13.6 million refinancing of a portfolio of three ground-mounted solar PV plants in the UK.

The 4.4 MWp Burton, 11.913 MWp Sidlesham and the 5 MWp Stanton projects each benefit from 1.3 Renewables Obligation green certificates. Santander UK plc provided portfolio level debt over a 10-year tenor.

Tomas Gärdfors, partner, comments:

Global law firm Norton Rose Fulbright has advised National Australia Bank Limited (NABL) on the financing of a portfolio of solar and wind projects in the UK, owned by Cubico Sustainable Investments Limited.

The first phase of financing comprised two wind and two solar projects with the second phase of financing, which reached financial close on 15 June 2016, adding seven solar projects to the portfolio. It has a combined capacity in excess of 123MW.

Rob Marsh, partner, Norton Rose Fulbright, comments:

Baker & McKenzie advised UniSuper on the refinancing of the Prospect Water Partnership (PWP). PWP (a partnership between UniSuper and Suez) operates and maintains the Prospect Water Filtration Plant. The transaction involved the refinancing of an existing ANZ-led bank syndicate with debt from UniSuper to both partners and an extension until 2035 of the Water Filtration Agreement concession with Sydney Water Corporation. 

Homburger AG advised Georgian Railway (Joint Stock Company) in a USD 43.7 m export financing transaction covered by insurance from Schweizerische Exportrisikoversicherung (SERV) for the acquisition of four Stadler KISS type double deck trains supplied by Stadler Bussnang AG and to be operated in the Republic of Georgia.

The Homburger team was led by partner Jürg Frick (Financial Services) and included partner Claude Lambert (Corporate | M&A), Stefan Oesterhelt (Tax) as well as associate Simone Gloor (Financial Services).