Ropes & Gray has advised Altice France – a leading telecoms and media operator in France and a subsidiary of Altice Europe – in connection with obtaining financing commitments and the subsequent entry into credit facilities to finance the deployment of fibre-to-the-home infrastructure by SFR FTTH.
Herbert Smith Freehills has advised the sponsors, PowerChina and Goldwind, on the project financing of the Cattle Hill Wind Farm, located on the eastern shore of Lake Echo in central Tasmania. This is PowerChina’s inaugural investment in the Australian market.
The project will consist of 48 Goldwind turbines, producing up to 150 MW of renewable electricity. Construction of the project is underway and the wind farm will become fully operational in 2019.
A cross-border Clifford Chance team led by partner Fabricio Longhin advised the Senior Lenders and Hedge Providers in the multi-currency financing of the Autopista Al Mar 1 ("Mar 1") toll road project in Colombia.
The project includes the development of 176 kilometers of roads in the department of Antioquia, Colombia. Mar 1 is the largest of the 4G projects and the first to reach financial close in 2019 and is the ninth 4G project financing handled by the Firm to reach financial close. The Firm is currently advising on several more 4G projects.
Global law firm White & Case LLP has advised a group of institutional investors led by MEAG, the central asset manager of insurers Munich Re and ERGO, and Deutsche Bank Luxembourg S.A. as financing agent and security agent, on the structuring and financing of the Skinansfjellet and Gravdal wind farms in south west Norway.
Watson Farley & Williams ("WFW") advised Credit Agricole Italia ("Credit Agricole") on two financings for Marittima Emiliana S.p.A ., a company owned by the Amoretti family's Armatori Group, for the construction of two 4,500 dwt chemical tankers at Ningbo Xinle Shipbuilding, a Chinese shipyard specialising in small chemical construction.
Construction will start in 1H 2019m, with delivery is scheduled for 2020. This transaction represents the Amoretti family's first newbuild order in nearly ten years.
Global law firm Norton Rose Fulbright has advised Crédit Industriel et Commercial (CIC) and BNP Paribas on the £70.5m financing of the newbuild diving support vessel m.v. “Deep Discoverer” for Technip UK Limited. The ship has been acquired by a subsidiary of CIC and the financing carried out in the form of a financial lease at the end of which the vessel was rented by Technip.
Norton Rose Fulbright Paris banking and finance team advised CIC, acting as arranger, as well as CIC and BNP, acting as lenders, on the set-up of this French lease financing.
Baker McKenzie Cairo's Banking and Finance team advised a six-bank consortium led by National Bank of Egypt on a US$ 100 million and EGP 1.2 million multicurrency bridge facility to Canal Sugar Company.
The consortium comprised of National Bank of Egypt, Qatar National Bank Al Ahli, Bank of Alexandria, The United Bank, Industrial Development Bank and Suez Canal Bank.
Matheson recently advised Ballymore and Oxley on the €60 million funding of two residential blocks as part of the ongoing “Dublin Landings” waterfront regeneration project. The project located on North Wall Quay is expected to extend to 100,000 sq m of office, residential and retail / leisure accommodation, of which 22,019 sq m will be residential accommodation.
Ashurst has acted for DBS and Societe Generale as joint Mandated Lead Arrangers, and other lenders including MUFG, HSBC and Maybank, in relation to US$400 million borrowing base facilities to Sentek Marine & Trading Pte. Ltd (Sentek Marine).
Muscat—Dentons has advised the lenders as Oman legal counsel on the US$4.61 billion financing of the Duqm Refinery Project, the largest project financing in Oman and one of the largest in terms of deal size in the Middle East. The transaction achieved financial close on 24 January 2019.