Ashurst advises Basalt on second phase of solar portfolio refinancing

This second phase refinancing of about €55 million involved 26 plants, located across different Italian regions, and 14 companies with an installed capacity of over 20 MW as part of the solar portfolio.

LCF Alliance acted as originator and asset manager. The consortium of banks comprised of Banco Santander, Bayerische Landesbank, BNP Paribas, Intesa Sanpaolo, as mandated lead arrangers, and Banca Imi (Intesa Sanpaolo Group), as agent.

Ashurst assisted on the financial documentation and on the legal due diligence related to the permits with a multidisciplinary team led by partner Carloandrea Meacci, coordinated by senior associate Nicola Toscano and associate Yasmina Tourougou for the financial documents. Partner Elena Giuffrè and senior associate Federica Periale advised on the due diligence with assistance from trainee Arianna Mauri.