Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
Watson Farley & Williams has advised a syndicate of twelve banks acting as lenders on the project financing for two 49.9 MW concentrated solar power plants owned by Saeta Yield, Extresol 1, S.L.U. and Extresol 2, S.L.U., both located in Spain’s Badajoz province.
This article outlines the basic functions of CORSIA, identifies risk mitigation measures which lenders might take to protect their position and addresses how COVID-19 might reshape the mechanics for airlines meeting CORSIA emissions targets
This briefing will discuss the potential effect of the COVID-19 crisis on borrowers and lenders and their English law loan facilities.