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RATCH-Australia receives significant financing
Squire Patton Boggs has assisted RATCH-Australia in obtaining significant green assets financing, which will allow for expansion and help secure Australia’s ongoing energy needs.
Keonia Cole
Firms: Squire Patton Boggs (RATCH-Australia)
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Deal: RATCH received significant green assets financing, which was supported by RATCH-operational Australia’s clean energy projects in Queensland and NSW: Mount Emerald Wind Farm (180.5 megawatts), Collector Wind Farm (226.8 megawatts), and Collinsville Solar Farm (42.5 megawatts).
Area: Projects
Value: Undisclosed
Key players: The core legal team was led by partner Hai Dang Nguyen and included partners Tatiana Gotvig, Campbell Davidson, Dannelle Howley, Melissa Koo, and Rebecca Heath, tax counsel Louise Boyce, of counsel Kim Hennessy, director Erin Kidd, and senior associates Ben Chahoud and Mitch Reynolds.
Also assisting were associates Rachel Luo, Poulad Berenjforoush, Jacqueline Tan, Alix Poole, Emma Connolly, Elisa Blakers, Joseph Perkins, Marcus Edwards, David Horton and Hamish Donovan.
They collaborated closely with RBC Capital Markets, RATCH-Australia’s financial adviser. Other advisers include KPMG, which provides tax advice; JPA Financial Modelling, which provides model audit advice; Aurora, which provides market advice; and RINA, which provides technical advice.
King & Wood Mallesons counselled the lenders.
Deal significance: RATCH-Australia is an independent power producer in Australia with a growing portfolio of over 1.2 gigawatts of power generation assets. These include gas-fired power generation and renewable energy generation assets located throughout the country. RATCH-Australia is owned in its entirety by RATCH Group Public Company Limited, which is listed on the Stock Exchange of Thailand and has a market capitalisation of approximately $4 billion.
Polagorn Kheosiplard, chief executive and chief financial officer of RATCH–Australia, stated: “Together with RATCH-Australia’s other renewables and natural gas firming generators around Australia, this financing will position RATCH-Australia even better to provide the energy and grid security that Australia’s decarbonising economy needs. We commend the Squire Patton Boggs team for their dedication and sterling service which has brought this transaction to completion.”
Hai Dang Nguyen, a finance partner at Squire Patton Boggs, added: “It has been immensely satisfying to accompany RATCH-Australia on its journey towards more clean energy assets. We are honoured to have been entrusted with the cornerstone to their future ambitions.”
