King & Wood Mallesons (KWM) has advised on the project financing of Cherry Tree Wind Farm (Cherry Tree), a 57.6 MW renewable project located near Seymour, Victoria.

Preliminary development activities and documentation for Cherry Tree were undertaken by Infigen Energy (Infigen), who sold its interest in the project to John Laing under an innovative ‘capital-light’ structure at financial close. John Laing also coordinated the project financing arrangements.

International law firm Simmons & Simmons has advised UniCredit Bank AG as sole bookrunner on a €75m issue of Green Bonds by SID Bank (SID - Slovenska izvozna in razvojna banka, d.d., Ljubljana), guaranteed by the Republic of Slovenia.

This is the first ever green bond to be issued in Slovenia. The proceeds of the offering will be used to fund eligible projects pursuant to the Green Bond Framework created by SID Bank in accordance with the ICMA Green Bond Principles 2018.

Global law firm White & Case LLP has advised on the successful extension of the financing for Romanian chemical producer Chimcomplex SA, arranged by Frankfurt-based VTB Bank (Europe) SE together with Special Investments Group of Credit Suisse AG, for the acquisition of certain assets and of the business of Oltchim S.A.

White & Case acted as international and English law adviser to VTB Bank (Europe) SE in its roles as arranger, facility agent and lender, coordinating with Romanian law firm Stratulat Albulescu on Romanian aspects.

Watson Farley & Williams Singapore (“WFW”) has advised BNP Paribas in connection with a loan facility of up to US$40m to finance the purchase and installation of exhaust gas cleaning systems (commonly known as “scrubbers”) on the fleet of vessels owned by Quantum Pacific Shipping and managed by Singapore-based Eastern Pacific Shipping.

Shearman & Sterling advised a consortium led by Pertamina Power Indonesia, Marubeni Corporation and Sojitz Corporation in connection with the development and financing of the US$1.7 billion integrated LNG-to-power project located in West Java Province, Indonesia. The project achieved financial close on December 5, 2018.

Matheson advised Deutsche Bank AG, London Branch as Arranger and Lead Manager, in relation to the €138 million asset backed securities issued by Citizen Irish Auto Receivables Trust 2018 DAC in December 2018. The transaction represents the second public securitisation by First Citizen Finance DAC. The transaction is a 12 month revolving cash securitisation of car loans (hire purchase contracts and leases) extended to Irish borrowers by First Citizen Finance DAC. The Class A Notes were rated AAA / Aaa by S&P and Moody’s respectively.