International law firm Taylor Wessing has advised - MDAX-listed - ENCAVIS AG, a leading operator of wind and solar parks, on the structuring and closing of a EUR 300 million revolving credit facility.
This oversubscribed short-term credit facility matures on 30 April 2025. It is an integral part of ENCAVIS AG's Accelerated Growth Strategy 2027, which aims to shortly acquire additional wind and solar parks.
The banking syndicate consists of eight banks coordinated by Rabobank, with Commerzbank acting as Agent. It includes both long-standing and new financing partners of ENCAVIS.
Clemens Niedner, Partner at Taylor Wessing and lead advisor on the transaction, commented: "This transaction showcases our legal expertise in the renewable energy sector and highlights our ability to effectively execute complex financial arrangements. We are delighted to be able to support ENCAVIS' strategic growth initiatives with our tailored legal services.
Taylor Wessing's extensive renewable energy expertise and experience in complex financial transactions was critical to the successful completion of this transaction.
ENCAVIS
ENCAVIS AG is an MDAX-listed producer of renewable energy. The company operates wind and solar parks in twelve European countries. With a total capacity of over 3.5 GW, ENCAVIS saves approximately 0.8 million tons of CO2 annually. Additionally, a capacity of 1.2 GW is currently under construction.
Legal advisor ENCAVIS
Taylor Wessing Germany: Clemens Niedner (Partner), Dr Michael Beyer (Salary Partner), Victor Rapior (Associate), all Banking, Insurance & Finance, Frankfurt
Legal advisor lenders
SZA Schilling Zutt & Anschütz: Dr Ilja Baudisch (Partner, Munich)