The US$470m sale price will be paid in three instalments: US$160m paid upon completion of the transaction on 27 October, followed by payments of US$160m and US$150m on the one and two-year anniversaries of closing.
Implementing an innovative structure, the first of its kind in India, this transaction marks the first time a financing for an Indian airline has been structured directly to a borrower in GIFT City, India’s emerging international financial hub, which has not been structured through Ireland.
Octopus Energy Generation and BayWa r.e. inaugurate their first CPPAs in France with this transaction.
Under the agreement, Ovolo retains brand and operational control of the hotels whilst exclusively partnering with Wyndham for distribution and to pursue franchised growth opportunities throughout the Asia Pacific region.
TotalEnergies retains a 50% stake in the portfolio and will continue to operate the assets and distribute the majority of the energy produced.
With a total installed capacity of 60.5 MWp, the projects represent a significant addition to SAGST’s renewables platform and will contribute to Spain’s energy transition targets.
The acquisition includes the Rosh Pinah Zinc mine in Namibia and the Santa Rita mine in Brazil.
Kumar Tewari brings a wealth of experience to WFW, having practiced as a debt finance lawyer for close to two decades, including almost ten years working directly in the banking industry.
