Dealmakers help secure $366m in debt financing
In its quest to build Western Australia’s largest wind farm, Alinta Energy has secured syndicated debt financing worth $366m with the help of legal experts from Gilbert + Tobin (G+T).
The firm has advised the integrated energy business with the syndicated debt to fund the 214MW Yandin Wind Farm. Located in the mid-west of the state, Yandin will have 51 wind turbines that will generate enough energy to power about 200,000 households for a year.
G+T negotiated with its lenders, which includes ABN Amro, BNP Paribas, ING, OCBC, Société Générale, and Standard Chartered.
G+T said that this is the first direct commitment from Alinta to build a renewable energy generation project. Alinta has also signed 10 offtake agreements that support other renewable projects.
Banking and infrastructure partner John Schembri headed the G+T team. He was supported by special counsel Caroline Mathie, lawyers Stuart Cormack and Brent Thompson, and graduate lawyers Ginia Kouznetsova and Annabel Kirkby.
Real estate and projects partners Claire Boyd and Amanda Hempel advised on the property and infrastructure development matters. They were assisted by lawyer John Larbalestier and graduate lawyer Giorgia Fraser.
G+T said that the deal “cements” the firm’s place as “a leader in the renewables sector, advising on the most complex infrastructure finance transactions out of Australia.”
Herbert Smith Freehills and Norton Rose Fulbright have also been involved in the Yandin Wind Farm.