Clearwater International advises a leading German multi-utility company on structuring a syndicated bridge loan facility
Clearwater International has advised a leading German multi-utility company on the structuring and arrangement of a syndicated bridge loan facility. The proceeds will be used for the acquisition of a wind park portfolio, located in Germany.
The portfolio consists of 60 onshore wind farms with an output capacity of 365 MW, which is sufficient to supply electricity to around 270,000 households. This acquisition will further emphasise the company’s ambitious energy transition targets, marking a landmark transaction in its corporate history.
The firm is a municipal-owned, multi-utility company, headquartered in Germany. The business supplies approximately one million people with electricity, heat, and water. In addition, the company offers energy-related services in the areas of electromobility, decentralised energy generation, energy efficiency, telecommunications, and smart infrastructure. With an annual turnover of several billion euros, it is one of the largest municipal energy service providers in Germany.
self-arranged bridge loan facility for the acquisition of a wind park portfolio with an output capacity of 365 MWAcquisition financeUndisclosed