Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 04-12-2014 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Antin Solar Investments - PV Portfolio Project Bond | Industry: | Alternative Energy |
| Description: |
Ashurst advised Natixis and the other bank and bond financiers on the first project bond in Italy and a landmark debt refinancing of Antin Solar Investments, a leading Italian solar PV portfolio.
This transaction, which was the first of its kind in Italy, comprised an innovative debt package which merged features of a banking facility with those of a bond issue. Natixis acted as sole arranger of the entire financial package (bond and loans), sole bookrunner, sole underwriter, transaction agent, facility agent and sole hedging bank. The deal was successfully distributed to international and domestic institutional investors and banks. It is the first project bond in Italy and one of the first secured hybrid transactions in the European renewable sector.
The Ashurst team was led by energy and infrastructure partner Carloandrea Meacci and included banking/DCM partner Gianluca Fanti, London-based DCM partner Derwin Jenkinson, senior associate Francesca Brilli, counsel Umberto Antonelli and associates Elena Macchi, Federica Periale, Nicola Toscano, Matteo Schintu.
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| Financial Center: | Milan | Value: | 0.00-0.00 |
| Advised Party: | Bookrunner: | Law Firm | Ashurst |
| Project Jurisdiction | Italy | Sponsor Jurisdiction | Italy |
| Classification: |
Project Bonds Solar: |
Lawyer | Carloandrea Meacci |
