GLAS Supports €1bn Financing for ENERPARC AG
GLAS Germany is thrilled to support the billion-euro financing package secured by ENERPARC AG
The GLAS team worked on the €1bn+ financing package secured by Hamburg-based solar IPP ENERPARC AG earlier this month.
The GLAS team in Frankfurt acted as Facility Agent and Security Agent on the transaction which will support the continued expansion of one of Europe’s leading producers of solar energy.
The financing package saw the GLAS team working alongside a global consortium of asset managers and a German state bank. The financing consisted of a €500m loan (in form of registered Notes) and a long-term project financing framework which could reach €500m.
This transaction joins a long list of partnerships in the green energy and infrastructure market that GLAS have been trusted to support. In the last year alone, the global GLAS team have worked on several of the market’s largest transactions in this space and highlights our team’s growing expertise in the sector.
About ENERPARC
ENERPARC is an internationally active specialist in megawatt-scale solar power plants and is now one of the largest independent producers of solar energy in Europe.
With close to 700 employees across Germany, Spain, France, India and Australia, ENERPARC has successfully connected more than 750 solar plants and makes a significant contribution to the energy transition.
About GLAS
GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.
GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $850bn of assets under administration on a daily basis. For more information, contact media@glas.agency.
