Eversheds Sutherland advises senior lenders to Sonnedix in relation to €500m multicurrency debt facilities with €500mn incremental for the delivery of solar PV projects across Europe.

We're delighted to be part of the team that advised BBVA, CIBC, NatWest, Rabobank, Banco Sabadell, and Santander - commercial lenders to Sonnedix, a leading renewable energy producer – in relation to an innovative €500m loan facility to finance the construction of Sonnedix’s renewable development pipeline of solar PV projects across Europe, including Portugal, Spain, Italy and the UK.

The €500m multicurrency facility includes a €450m capital expenditure facility and a €50 million letter of credit facility. The transaction features a number of first-of-a-kind innovations.

From the Eversheds Sutherland team in Portugal, the following were involved in the process: Partners - Diogo Bernardo Monteiro, Miguel Lorena Brito, Ricardo Couto, and João Rocha de Almeida, Associate Lawyer - Dora Ribeiro, Trainee Lawyer - Pedro Castro Casal.

Eversheds Sutherland’s Energy & Infrastructure Finance team was led by Energy & Infrastructure Finance Partner, Mark Dennison, supported by Eunice W. Associate.

More information at: https://www.eversheds-sutherland.com/en/global/news/eversheds-sutherland-advises-senior-lenders-to-sonnedix