BMR Energy’s $88 Million Refinancing

Harneys acted as British Virgin Islands counsel to BMR Energy Ltd. in relation to its US$88 million credit facility with joint lenders CIBC FirstCaribbean International Bank, lead arranger, and National Commercial Bank Jamaica Limited, arranger. Dentons advised CIBC.

The transaction spanned multiple territories within the Caribbean and the loan proceeds refinanced the outstanding debts of wind and solar independent power producers in several countries in the Caribbean and Central America.

BMR Energy is a developer and owner of renewable energy assets in the Caribbean and Central America and is a business segment of Sir Richard Branson’s Virgin Investments.

The Harneys team comprised Josh Mangeot (Picture), George Weston and Melissa Thomas.

The Dentons team was led by Dominic Spacie (Picture), senior associate Tom Guilfoyle and included associate Thomas Collier and trainee Daniel Mayhew in London, partner Carl Steen in the US and, highlighting Dentons’ reach across the Caribbean and Central America, senior associate Neichelle Spence Lattibeaudiere at Dentons Delany in Jamaica, partner Stuart Bruce at Dentons Delany in the British Virgin Islands, Senior Corporate Counsel Brian Patterson at Dentons (Dinner Martin) in the Cayman Islands and Senior Associate Shervon Pierre at Dentons Delany in St Lucia.

Involved fees earner: Stuart Bruce – Dentons; Thomas Collier – Dentons; Tom Guilfoyle – Dentons; Brian Patterson – Dentons; Shervon Pierre – Dentons; Dominic Spacie – Dentons; Neichelle Spence Lattibeaudiere – Dentons; Carl Steen – Dentons; Joshua Mangeot – Harneys; Melissa Thomas – Harneys; George Weston – Harneys;

Law Firms: Dentons; Harneys;

Clients: BMR Energy; CIBC FirstCaribbean;

Sonia Carcano

Author: Sonia Carcano