Eversheds Sutherland advised on a €500m multicurrency debt facilities

Eversheds Sutherland advised on a €500m multicurrency debt facilities

December 18, 2023

Portugal
Portugal
Portugal

Eversheds Sutherland advises senior lenders to Sonnedix in relation to €500m multicurrency debt facilities with €500mn incremental for the delivery of solar PV projects across Europe.

We're delighted to be part of the team that advised BBVA, CIBC, NatWest, Rabobank, Banco Sabadell, and Santander - commercial lenders to Sonnedix, a leading renewable energy producer – in relation to an innovative €500m loan facility to finance the construction of Sonnedix’s renewable development pipeline of solar PV projects across Europe, including Portugal, Spain, Italy and the UK.

The €500m multicurrency facility includes a €450m capital expenditure facility and a €50 million letter of credit facility. The transaction features a number of first-of-a-kind innovations.

From the Eversheds Sutherland team in Portugal, the following were involved in the process: Partners - Diogo Bernardo Monteiro, Miguel Lorena Brito, Ricardo Couto, and João Rocha de Almeida, Associate Lawyer - Dora Ribeiro, Trainee Lawyer - Pedro Castro Casal.

Eversheds Sutherland’s Energy & Infrastructure Finance team was led by Energy & Infrastructure Finance Partner, Mark Dennison, supported by Eunice W. Associate.

More information at: https://www.eversheds-sutherland.com/en/global/news/eversheds-sutherland-advises-senior-lenders-to-sonnedix

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

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Key contacts

dbmonteiro@eversheds-sutherland.net

Diogo Bernardo Monteiro

Partner

Lisbon, Portugal

MLB

Miguel Lorena Brito

Partner

Lisbon, Portugal

JRA

João Rocha de Almeida

Partner

Porto, Portugal

dribeiro@eversheds-sutherland.net

Dora Ribeiro

Principal Associate

Lisbon, Portugal

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