This transaction takes the form of a 14-year non-recourse financing arranged by Natixis S.A. Sucursal en España. It restructures 13 historic loans contracted with 5 banks and involves around fifty photovoltaic power plants in operation in Portugal and Spain.
Thierry Carcel, President of the REDEN Solar Group, said: “This refinancing operation was largely facilitated by the international reach of the Natixis Group, which enabled them to coordinate teams in 3 different countries and deal with the broad scope and complexity of the operation. This refinancing not only greatly simplifies the debt structure of our assets, but also improves our economic conditions, and allows us to generate a significant cash surplus. This, in turn, will enable us to continue to invest in the development and acquisition of new plants in the Iberian Peninsula, in Latin America, as well as in France, where we remain very active “.
“We are very satisfied because completing an operation of this size and complexity proves that the market fully recognizes the excellent future prospects of the REDEN Solar Group, as well as its position as a major player abroad“, added Gabriel Gauthier and Renaud Haberkorn, respectively Investment Director at INFRAVIA CAPITAL PARTNERS and Managing Partner of EURAZEO PATRIMOINE.
For this operation, REDEN Solar was advised and assisted by the Paris, Lisbon and Madrid teams of the Cuatrecasas firm.
