03.03.2020

Schalast advises BayernLB and UniCredit in connection with the Project Financing of the Solar Farm Green Tower

Schalast has assisted Bayerische Landesbank as Facility Agent in connection with the restructuring of the three interconnected project financings of the solar farm Jocksdorf in the State of Brandenburg and acted, in such capacity, as sole legal advisor of the Finance Parties consisting of Bayerische Landesbank and UniCredit Bank AG.

The transaction involved, among others, a change of the corporate structure of the project companies held by a fund of the Allianz Global Investors group and the granting of additional credit facilities of EUR 13.5 million. The overall loan amount was thereby increased to about EUR 100.6 million.

Schalast Team: Dr. Roland Arlt, LLM (Partner, Banking, lead counsel), Gregor Wedell, LLM (Partner, Corporate/M&A), Franz Badelt (Associate, Corporate/M&A) and Sven Bösing, LLM (Associate, Corporate/M&A).