Katherine Best
Senior Associate

ENERGY & INFRASTRUCTURE

LONDON

T: +44 20 7814 8000
D: +44 20 7863 8925
M: +44 7738 328824

Summary Open

Katherine is a Senior Associate in the Energy & Infrastructure group, based in London. She specialises in banking and finance transactions in the energy and infrastructure sector and has experience advising both sponsors and lenders.

Katherine is qualified as a lawyer in New South Wales, Australia and has previously worked at Slaughter and May in London and at Gilbert + Tobin and Clayton Utz in Australia.

Experience Open

    Katherine’s experience includes advising:
    • European renewables platform Vortex, which is managed by the private equity arm of EFG Hermes, on the £337m acquisition and refinancing of a 365 MW portfolio comprising 24 operational solar PV farms benefiting from the ROC scheme subsidy. The lenders included Santander and RBS as lead arrangers as well as Allied Irish Bank, Banco Sabadell, Caixabank, Commonwealth Bank of Australia, ING and Natixis.
    • PKA, one of Denmark’s leading pension funds, on financing aspects of its acquisition of a 50% stake in the Teesside Renewable Energy Plant in the North East of England which benefits from a subsidy under the CfD scheme. The investment bank Macquarie Capital held the remaining 50%, and the total investment in the plant is anticipated to be in the region of £900m.
    • The hedge counterparties in respect of a £1.3bn investment-grade bond for the acquisition by leading Danish pension funds PKA and PFA of a 50% stake in 659 MW Walney Extension offshore wind farm from Ørsted (formerly DONG Energy).
    • Bayerische Landesbank as lender on £80m long-term debt facilities to finance a portfolio of 14 of Canadian Solar’s operational UK solar PV farms benefiting from the ROC scheme with a combined generating capacity of up to 96 MW.
    • Royal Bank of Scotland Plc as lender on the refinancing of Canadian Solar’s 50 MW UK solar PV portfolio of ten plants comprising a mix of ROC and FIT schemes. The refinancing consisted of £52m in long-term senior debt as well as a debt service reserve facility.
    • Royal Bank of Scotland Plc as lender on the provision of a post-construction refinancing for a portfolio of 16 solar PV projects developed by Lightsource comprising a mix of ROC and FIT schemes.
    • DIF on the financing aspects of its acquisition of the 26MW Wadlow onshore wind farm in Cambridgeshire, including the consents and amendments required to the existing project financing provided by Lloyds Bank Plc.
    • Tata Steel UK Holdings Ltd and Tata Steel Global Holdings Pte Ltd (each wholly owned subsidiaries of the India-based Tata Steel Ltd) on the October 2014 refinancing of existing leveraged finance debt through €3.05bn and US$1.5bn of new term loan and revolving credit facilities.
    • A club of 11 financiers (including international and Australian banks and an export credit agency) to the winning Ontario Teachers’ Pension Plan Board and Hastings Fund Management bid to acquire the long term lease of the Sydney Desalination Plant from the State of New South Wales. At the time, this was the largest privatisation in New South Wales history.
    • The syndicate of four international banks funding the winning The Royal Bank of Scotland, Acciona Agua, TRILITY/Mitsubishi Corporation and Brookfield Multiplex consortium bid to undertake the construction and operation of the Mundaring Water Treatment Plant in Western Australia. This was the first water public private partnership in Western Australia.

Education Open

  • University of Sydney: Bachelor of Laws (Hons) / Bachelor of Science (Hons)

Membership of Professional Societies Open

  • New South Wales Law Society

Employment Record Open

  • 2013 – 2016: Slaughter and May, Associate
  • 2010 – 2013: Gilbert + Tobin, Senior Associate
  • 2007 – 2009: Clayton Utz, Solicitor

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