Ashurst is advising Terra Firma-backed, Infinis, the UK-based independent generator of renewable power, on the refinancing of its 274MW portfolio of wind farms, with a £296 million senior secured term loan facility and ancillary facilities of approximately £33.5 million.

The proceeds of the senior facility will be used to refinance project finance facilities secured against 14 of Infinis's portfolio of 16 operating onshore wind farms.

The new suite of facilities was structured and partially underwritten by National Australia Bank. The lead arrangers were Royal Bank of Scotland and Abbey National Treasury Services, trading as Santander Global Banking & Markets.

Infinis operates 147 power plants comprising 121 landfill gas sites, 16 onshore windfarms and 10 hydro sites. It holds a 40% share of the UK market for generators of electricity from landfill gas.

The Ashurst team was led by partner Antony Skinner, assisted by senior associate Claire Edwards and associate Grant Batten. The complex swap arrangements were led by partner James Coiley, assisted by associates Alex Jeffrey and Christine Abou Assali.