Simpson Thacher Advises Investec Bank on €120 Million Facility
Simpson Thacher advised Investec Bank plc on its €120 million subscription-line facility. The facilities have been made available to Sustainable Development Capital’s new Global Energy Transition Fund (GETF).
With over $2.5 billion in Assets Under Management (AUM), SDCL is a leading investment firm focused on developing and investing in energy efficiency and decentralised energy generation projects. The firm operates across the UK, Continental Europe, North America and Asia and GETF is positioned as an Article 9 (SFDR) Fund, reflecting SDCL’s commitment to sustainable investment with climate change mitigation as one of its core objectives.
The facilities were made available to SDCL to bridge the acquisition of GETF’s investments and were structured with a pioneering feature that enables the issuance of letters of credit by institutional sureties, designed to expand flexibility and broaden access to alternative forms of credit support.
The Simpson Thacher team includes Katie McMenamin, Fiona Cantlay and Ben Wiggins (Fund Finance).