SDCL Energy Efficiency Income Trust’s £145 Million Secured Revolving Facility and £55 Million Accordion

In UK Orrick Herrington & Sutcliffe LLP, advised on the matter.

Orrick Herrington & Sutcliffe LLP advised HSBC, ING Bank, Intesa Sanpaolo S.p.A., Investec Bank Plc with a team including Adam Smith (Picture – Finance).

SDCL Energy Efficiency Income Trust plc established, through its subsidiary, SEEIT Holdco Limited, £145 million secured multicurrency revolving credit facility. This will enable SEEIT to refinance its existing revolving credit facility, maximize its capital efficiency and support a pipeline of new investments. The facility also includes an uncommitted accordion of £55 million and is for an initial term of three years expiring in June 2024, with the option to extend the facility.

The Orrick team advising on this transaction includes Adam Smith (Picture), Thomas Harrison-Cripps and David O’Donovan.

 

 

 

 

Involved fees earner: Thomas Harrison-Cripps – Orrick Herrington & Sutcliffe LLP; David O’Donovan – Orrick Herrington & Sutcliffe LLP; Adam Smith – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: HSBC; ING Bank; Intesa Sanpaolo S.p.A.; Investec Bank Plc;

Author: Giulia Di Palma