Banking & Finance
Our firm has successfully advised a Danish Group of Companies specialising in sustainable energy infrastructures in concluding their group’s compound EUR170m financing process. The financing instruments were divided into a 70:30 ratio of equity financing (through private “smart” investors’ share participation in the holding company) and debt financing (through a secured revolving syndicate facility). Being the sole Cyprus based legal advisors in the project, our team has provided legal advice on the Cyprus law elements of secured financing and has participated in the development of the investors’ company participation instruments.
The financing will now allow the group to both refinance part of its existing debt as well as further finance the expansion of their portfolio of e-vehicle re-charging network points across Europe while securing the necessary liquidity to enable it to implement its 2023-24 strategic plan.
Our Nicosia office cooperated in this project with a total of five Tier 1 law firms in Europe acting for the group as well as for the syndicated lenders.