Greenvolt Strengthens Revolving Financing Facility to €472.5 Million
Simpson Thacher advised Greenvolt on the increase of its revolving financing facility by €157.5 million, with maturity extended by three years. This refinancing extended the matury to July 2029, with four new lenders joining the banking syndicate, as well as increased commitments among the existing syndicate.
The €472.5 million facility will help strengthen Greenvolt Group’s balance sheet and support its growth, in particular the acceleration of its 12.8 GW probability weighted pipeline of wind, solar and BESS projects in the Utility-Scale segment.
The Simpson Thacher team included Claire Williams, Mark Nicol, Josephine Kingsford-Smith and Catrin Howells (Credit).