Acofi Gestion closes refinancing of 80 MW solar & wind portfolio

Green Giraffe is proud to announce the closing of the EUR 127 M refinancing of an 80 MW portfolio of renewable assets located in France and managed by Acofi Gestion!

This adds a new milestone to our collaboration and work for Acofi Gestion, a leading French fund manager with EUR 2.6 bn under management.

The portfolio comprises a mix of solar PV ground mounted parks, rooftops and greenhouses and onshore wind projects commissioned between 2013 and 2016.

The new financing replaces 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 refinancing ultimately involved Société Générale as Mandated Lead Arranger, Lender and Hedging Bank and BPI for a total refinancing amount of ca. EUR 127 M, including the term loan and the debt service reserve facility. The process between lenders selection and financial close only lasted 29 days, once again demonstrating Green Giraffe’s high level of efficiency and ability to streamline financing processes!