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Ashurst has advised Brighte on the establishment of a A$20 million debt facility from National Australia Bank which is backed by green assets. 

Brighte is a significant technology enabled fintech that provides financing for green energy household products (including solar panels and batteries).

Ashurst partner Jenny Schlosser said the facility is significant because it marks further investment in the fintech sector by an Australian bank and is an important milestone for Brighte as a major player in the fintech and energy space.

The team was led by partner Jenny Schlosser, lawyer Jason Wong and graduate Jacqueline King (Global Markets); and partners Ian Kellock and Barbara Phair, senior associates Bronwyn Kirkwood and Elke Bremner, and lawyer James Sainty (Tax).

The deal closed on 20 April 2018.

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