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Green Giraffe advised Neoen on the EUR 180 M refinancing of a 104 MW portfolio of wind and solar assets in France, the Proteus project
Green Giraffe advised Neoen on the EUR 180 M refinancing of a 104 MW portfolio of wind and solar assets in France, the Proteus project.
The new financing replaced the existing senior term loans at SPV level through a unique holding level financing, benefiting from the portfolio’s track record, improved market conditions and providing for simplified administrative and reporting requirements.
The mission included a market sounding among potential lenders, a tailoring of very competitive financing terms based on the projects’ operational track record, the negotiation of the documentation and the support of the process to financial close.
Back in 2015, Green Giraffe acted as Financial advisor to Neoen on the same portfolio for the raising of a Holdco level Mezzanine debt qualified as “Green Bond” and held by M&G investments and Sequoia Economic Infrastructure Income Fund. The Holdco level mezzanine was fully pre-paid as part of the Proteus refinancing.