WFW advises Azimut on JV with Veos
The corporate and contractual JV was set up as new company using an innovative structure.
As diverse, more sophisticated players enter the market, project financing is getting more intricate and complex. In this environment, our multi-skilled team of finance lawyers provide tailor-made finance solutions that are commercially viable, bankable and future-proof.
Supported by our experts in planning, construction, corporate, tax, real estate, restructuring and insolvency, and dispute resolution, we work on single project, multimillion dollar financings and refinancings through to large scale portfolio and multibillion dollar projects across North America, South America, Africa, Europe and Asia. We regularly top league tables for project finance transactions, particularly in Europe and add demonstrable value in project financings in our core sectors of energy and transport plus their related infrastructure, where we combine our sector knowledge and finance expertise into viable solutions for our clients’ projects.
We advise lenders, DFIs and IFIs, credit support agencies, governments and public bodies, sponsors, developers and contractors – a client list which gives us a 360-degree view of the key commercial drivers and considerations for all stakeholders. A strength is our ability to support new and innovative activities such as the first project financing of a subsidy-free solar park in Italy and the first construction financing via project bonds of a UK offshore wind farm.
The corporate and contractual JV was set up as new company using an innovative structure.
We advised long-term client Chaarat Gold Holdings Limited on the US$19.8m recapitalisation of all interest and fees owed on its existing convertible loan notes, the extension of the loan note maturity date and the provision of a new US$5m working capital facility.
NORD/LB acted as mandated lead arranger, agent and lender.