trending Market Intelligence /marketintelligence/en/news-insights/trending/87xH97Z1nEQYYAusGz4BUw2 content esgSubNav
In This List

Sonnedix secures €250M corporate facility

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Perspectives from China: Chinese M&A in 2022


Sonnedix secures €250M corporate facility

Solar independent power producer Sonnedix Power Holdings Ltd. secured a €250 million corporate facility to retire its existing debt and accelerate growth.

The facility consists of a five-year €175 million term loan and a five-year €75 million revolving credit facility, according to a March 18 news release. The financing was underwritten by ING Bank NV, Natixis and Banco Santander SA - London Branch.

Sonnedix tapped Norton Rose Fulbright LLP as legal adviser. The lenders hired KPMG for model audit, G-Advisory for technical and Milbank LLP for legal advice.

Sonnedix controls more than 1.6 GW of solar photovoltaic capacity, with more than 800 MW of operational capacity and 200 MW in construction. It is actively acquiring and developing new projects in Organization for Economic Cooperation and Development countries.