and Gilbert + Tobin have led as legal advisors in the establishment of a new global renewable energy funding platform.
advised Pacific Hydro on the implementation of the $670m platform, which will fund assets throughout Australia and Chile. Gilbert + Tobin acted as the lead global counsel for the financiers to the deal, which comprises $200m and US$250m in funding.
The platform is one of the first cross-border portfolio financings for renewable energy assets for an Australian company. It provides Pacific Hydro a flexible financing package across a number of wind and hydro assets, including refinancing prospects for future projects.
, which fielded a multidisciplinary team, worked on due diligence and with the local Chilean counsel, Bofill. Gilbert + Tobin worked on the refinancing of project finance facilities in Chile and the establishment of the platform. The syndicate of lenders include China Construction Bank – Agencia en Chile, DNB Asia, and ICBC, as well as CBA and NAB.
team was led by Warwick Newell of the banking and finance team. The financing team included banking & finance partner Michael Ryan, associate Tristan Kelly, and lawyer Hamish McCormack.
’ due diligence team included energy, resources, and infrastructure partners Anna Collyer and Michael Graves; senior associates Helen Verrier, Liz Fernando, Fiona Potter, and Kate Kelleher; associate Harini Amarisinghe; and lawyers Scott Joblin and Adam Percy.
Simon Lynch, banking & finance partner, led Gilbert + Tobin’s team. He was supported by lawyers Daniel Yim, Andrew Kourpanidis, and Liam Mulvey. Graduate Sarah McArthur also assisted.
Pacific Hydro is owned by China’s State Power Investment Corporation and has a portfolio of assets in Australia, Brazil, and Chile.
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