Greencoat Renewables’ €165 Million Placing

McCann FitzGerald advised Greencoat Renewables on the deal.

The over-subscribed €165m placing was approved by shareholders yesterday. The shares were admitted to trading on Euronext Dublin and the London Stock Exchange today.  

The placing is the first tranche of a 12 month share issuance programme for up to 400 million new ordinary shares. The proceeds will be used to partly pay down the company’s revolving credit facility and to provide the company with the flexibility to make further investments in line with its investment policy.

The McCann FitzGerald team was led by Stephen FitzSimons (Picture) and Valerie Lawlor and included Jack Kelly and Louise Flanagan.

Involved fees earner: Stephen FitzSimons – McCann FitzGerald; Louise Flanagan – McCann FitzGerald; Jack Kelly – McCann FitzGerald; Valerie Lawlor – McCann FitzGerald;

Law Firms: McCann FitzGerald;

Clients: Greencoat Renewables PLC;

Giulia Di Palma

Author: Giulia Di Palma