WFW advises Bankinter on Reden PV greenfield plant financing
Founded in France in 2008, Reden is a leading independent producer of photovoltaic renewable energy.
Founded in France in 2008, Reden is a leading independent producer of photovoltaic renewable energy.
The deal includes disposing of the 2,800 TEU container ships Cimbria and Cardonia.
Consisting of a 50% term loan and a 50% revolving loan, the credit facility has a final maturity of 30 June 2028.
The financing will be used to develop a 40 MW portfolio of ready-to-build projects.
The financing is the first green loan granted to a Spanish energy company by EKSFIN.
The assets were refinanced under a PPP structure in a facility agreement subject to Spanish Law.
WFW led and negotiated the entire transaction, including finalising the sale and purchase agreement.
The Euro notes will be used to fund green assets.
The loans acquired pertain to 14 vessels owned by eight different ship owners.
Watson Farley & Williams advised Logista Italia S.p.A. on the acquisition of Gramma Farmaceutici, a provider of logistics services to the Italian pharmaceutical industry.