We are pleased to announce that Ashurst have advised the Noteholders, being an Australian-based investment manager, on the execution of an EUR85,000,000 English law note purchase agreement and associated finance documentation. The note purchase agreement was entered into between, among others, the (confidential) Noteholder and Energyco II, S.A. (as issuer), a Portuguese entity owned by Archmore International Infrastructure Fund II. The proceeds of the note issuance are to be used for refinancing existing financial indebtedness, financing certain permitted acquisitions, and financing growth capital expenditure of the Issuer.
The Ashurst deal team was led by partner Nick Pawson (Madrid, Global Loans – Head of English desk), assisted by Samuel McLernon, Francesca Cioppi, Stephanie Simm, Fátima Nieto and Hannah Smyk (Senior Associates, Associates and Trainee, respectively, Madrid, Global Loans). The transaction closed on 27 May 2025 after signing of the key finance documentation took place earlier in the month. We are proud to have played a pivotal role in facilitating the Noteholders' ongoing investment in the European market and look forward to continuing our support for them.
J+Legal advised the Noteholder as to matters of Portuguese law, and CMS advised the Issuer as to matters of Portuguese and English law. Greenhill acted as financial adviser to the Issuer.
