WFW advising GP JOULE Utility on merger agreement with team energie
The deal was signed 29th September 2021 and is expected to close by the end of the year.
The deal was signed 29th September 2021 and is expected to close by the end of the year.
The Ishka Deal of the Year Awards highlight the best aviation financing transactions of 2020, recognising financing transactions and M&A for airlines, lessors and investors.
The deal was signed on 3 September 2021 and is expected to close in the first half of 2022.
WFW also advised Bpifrance, La Banque Postale and Crédit Coopératif as lenders on the €16m debt financing.
The transaction involved the sale of 34,600,780 CHESS depositary interests (“CDIs”) representing ordinary shares in the capital of Adriatic.
The sold portfolio consists of eight projects located in northern France in areas selected specifically for high wind speeds, all with tier-1 manufacturers and full-service contracts.
The aim is to improve the charging infrastructure for electric and plug-in hybrid fleets whilst reducing operating costs and simultaneously making an impactful contribution to climate neutrality.
The transaction involved drafting of a margin adjustment mechanism based on carbon intensity rating as an incentive for the owners to reduce the carriers’ carbon emissions.
The three year short-term loan will finance the development of a 600 MW portfolio of 14 photovoltaic projects in the Lazio, Tuscany and Apulia regions.
WFW advised on all aspects of the transaction, including structuring and the purchase agreements for both new build rolling stock and an existing pool of locomotives purchased by Nexrail.