find the latest legal job
Inhouse Legal Counsel -18 months-4 PAE - Real Estate Investment Company
Category: Banking and Finance Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· In brand new prestigious CBD offices
View details
Senior Associate - Competition, Policy & Regulatory
Category: Other | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Work with a well regarded Partner · Sydney CBD
View details
Commercial Litigation Senior Associate
Category: Litigation and Dispute Resolution | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Lawyers Weekly Australia Partner of the Year 2016, Insolvency
View details
MULTIPLEX Regional Legal Counsel (Vic) | 7 to 10 years + PQE
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Career defining in-house role · Tier One international contractor
View details
Junior Lawyer - Personal Injury Law
Category: Personal Injury Law | Location: Parramatta & Western Suburbs Sydney NSW
· Highly specialized practice · Challenging role with great opportunities
View details
Pacific Hydro advised on global funding platform

Pacific Hydro advised on global funding platform

globe

Two firms have advised on a multimillion-dollar transaction that sees financing across a portfolio of renewable energy assets throughout Australia and Chile.

Firms: Allens (Pacific Hydro); Gilbert + Tobin (China Construction Bank – Agencia en Chile and DIFC Branch, the Commonwealth Bank of Australia, DNB Asia Ltd, Industrial and Commercial Bank of China Limited and National Australia Bank Limited)

Deal: Pacific Hydro has been advised on the implementation of a global funding platform.

Value: $670 million

Area: Finance

Key players: The team advising Pacific Hydro was led by Allens banking and finance partner Warwick Newell. He was supported by banking and finance partner Michael Ryan, banking and finance associate Tristan Kelly, and banking and finance lawyer Hamish McCormack.

The Allens due diligence team consisted of energy, resources and infrastructure partners Anna Collyer and Michael Graves; energy, resources and infrastructure senior associates Helen Verrier, Liz Fernando, Fiona Potter and Kate Kelleher; corporate associate Harini Amarasinghe; energy, resources and infrastructure lawyer Scott Joblin; and corporate lawyer Adam Percy.

The team advising the financiers to Pacific Hydro was led by Gilbert + Tobin banking and infrastructure partner Simon Lynch, with assistance from lawyers Daniel Yim, Andrew Kourpanidis and Liam Mulvey, and graduate Sarah McArthur.

Deal significance: Pacific Hydro’s implementation of a new $670 million global funding platform will provide financing across a portfolio of renewable energy assets throughout Australia and Chile.

The platform establishes one of the first cross-border portfolio financings for renewable energy assets by an Australian company, covering more than 568 megawatts of large-scale renewable energy, including both hydroelectric plants and wind farms, according to a statement from Allens.

The transaction involved refinancing a number of project-financed assets into the new facility, including wind farms at Portland, Challicum Hills and Clements Gap in Australia, and Punta Sierra in Chile, along with hydroelectric plants at Coya and Pangal and Chacayes in Chile, the firm said.

“We are delighted to have worked with Pacific Hydro on reaching financial close on this groundbreaking platform, and congratulate their team on achieving this outcome,” said Allens partner Warwick Newell.

“We are looking forward to working with Pacific Hydro on an ongoing basis to assist the company with its growth mandate in the renewable energy market.”

Gilbert + Tobin partner Simon Lynch said the firm was delighted to have advised the financiers on this strategically significant deal.

“Our past experience on major cross-border projects, due diligence and fundraisings was invaluable in advising the financiers and managing the technical and multi-jurisdictional challenges of this transaction, including the complex security arrangements,” he said.

“This deal highlights our team’s continued success in tackling innovative financing deals, and builds upon the success of our recent role advising Tilt Renewables on its renewable energy portfolio-style financing.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Pacific Hydro advised on global funding platform
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Animal law moots, advocacy, Melbourne University, Australia and New Zealand Intervarsity Moot on Animal Law
Sep 25 2017
Moot unleashes animal advocacy
Melbourne has played host to one of the largest animal law moots, with student participants put th...
Scales
Sep 25 2017
Transgender teens should not need legal approval for hormone treatment, court hears
A transgender 17-year-old known as Kelvin has appealed in the Family Court against the requirement o...
Appointed, Victorian Legal Services Commissioner
Sep 25 2017
NFP CEO appointed Victorian Legal Services Commissioner
The CEO of a Victorian not-for profit pro bono legal services provider has been named as the state...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...