On June 22, 2017, EFG Hermes completed the refinancing of a 365MW portfolio of 24 UK solar parks. The portfolio had been acquired from Terraform Power earlier this year.
The new debt consists of a £337m mini-perm term facility, a £1m VAT facility and a £17m debt service reserve facility. The senior lenders are Santander, RBS, Natixis, Caixa Bank, Commonwealth Bank of Australia, ING, Banco Sabadell and Allied Irish Bank.
On behalf of EFG Hermes and the senior lenders, Operis carried out a financial model audit.
