WFW was involved in every legal aspect of this LMBO, assisting with financial arrangements, the legal structure, negotiations with the outgoing investment fund and the acquisition agreement.
George is universally recognised as one of the leading lawyers in the maritime sector both in Greece and internationally and has decades of experience advising many of the world’s leading shipping lenders and shipowners.
The portfolio comprises 62 plants with a total installed capacity of 154 MW.
In addition to the initial 112 sites, EVN has plans to develop a further circa 380 EV charging sites, requiring an additional circa £150m in the next 36 months, for which SEEIT has a right of first negotiation.
The loan facility will support PPC’s working capital needs at a time of customer payment volatility following the outbreak of the coronavirus pandemic.
The financial entities involved include CaixaBank and BNP Paribas Fortis as global coordinators, bookrunners, and mandated lead arrangers (“MLAs”) for the long-term bank debt facilities.
The agreement, which has a total value of more than €250m, guarantees the stable continuation of the company’s activity, which has been active in the shipping market for four generations.
Headquartered in Turin, Fergas is the owner of a single authorisation for the construction of a solar plant in Basilicata with a capacity of 20MW.
The bonds are subject to English law and were subscribed to by two institutional investors through a private placement. They listed on the Quotation Board of the Frankfurt Stock Exchange.
The parties have now amicably settled all their disputes, with Jiangsu Guoxin to pay Precious US$40.5m (as announced to the parties’ respective listing authorities).