Global law firm Ashurst has advised the lenders on a set of sustainability-linked corporate facilities for Sonnedix, the international Renewable Energy Producer – the first sustainability-linked financial facilities secured by the company – which will refinance existing debt and enable further expansion of the company’s global renewable energy platform.
The financing package has been provided by a group of commercial lenders and institutional investors acting as mandated lead arrangers: Infranity, Santander, ING, Denham Sustainable Infrastructure, ³Ô¹ÏÍøÕ¾ Australia Bank, Rabobank, Siemens Financial Services through Siemens Bank, and Société Générale. Rabobank, ING and Santander acted as Hedging Banks, Santander acted as Debt Coordinator and Agent, whilst Bondholders acted as Security Agent. The sustainability-linked financing facilities will also enter into sustainability-linked interest rate hedging in connection with the transaction. Natixis acted as Sustainability-Linked Loan Coordinator, and ING as Sustainability-Linked Hedging Coordinator.
The Ashurst team was led by partner Antony Skinner, assisted by partner Helen Jones, senior associates Lindsey Bouchara and Laura Birkinshaw Miller and associates Phoebe Makin, Emma Bridger and Ciaran Rutherford.
