Ashurst advised a consortium of 12 leading French and international banks, comprising Arkéa Banque Entreprises et Institutionnels, Banco Santander, BNP Paribas, Bred Banque Populaire, Caisse d'Epargne et de Prévoyance de Bourgogne Franche-Comté, Caisse d'Epargne et de Prévoyance Ile-de-France, Caisse d'Epargne et de Prévoyance Hauts de France, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, Crédit Lyonnais, Goldman Sachs Bank Europe SE and Natixis, in connection with a new €244.4 million syndicated financing granted to Voltalia, an international renewable energy player listed on Euronext Paris.
This refinancing transaction, structured with an initial three-year maturity that may be partially extended to five years, combines a €146.6 million revolving credit facility and a €97.7 million term loan. It is part of the borrower's liability management strategy, aimed at prepaying existing facilities maturing in 2026 and supporting the rollout of its SPRING strategic plan.
The financing incorporates a sustainability component, with a margin adjustment mechanism linked to the achievement of ESG targets relating to workplace safety, carbon footprint reduction and responsible land management.
The Ashurst team was led by Eric Fiszelson (partner), assisted by Louis Regnard, Milan Czajka and Adriana Cristiani (associates) in Global Loans.
