Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 03-12-2015 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Calvin Capital - UK Smart Metering Programme | Industry: | Public Sector |
| Description: |
Calvin Capital Limited (Calvin), a leading funder, owner and manager of gas and electricity meters, has announced that it had raised approximately GBP1bn to support the expansion of more than 7million smart meters in homes across Great Britain.
The roll-out programme was supported by Calvin-s shareholder, Infracapital, and backed by the European Investment Bank (EIB) alongside six commercial banks (Barclays, Credit Agricole CIB, HSBC, Santander, Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ Ltd). The EIB provided GBP360 million to this initiative that would significantly increase the roll-out of smart meters to reduce energy use and help households save money. Linklaters advised EIB.
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Linklaters |
| Project Location | United Kingdom | Equity Sponsor | United Kingdom |
| Classification: |
Project Finance |
Lawyer | Bruce White |
