Global law firm White & Case LLP has advised MUFG and a syndicate of five lenders on the AUD$210 million refinancing of the Boco Rock Wind Farm, a subsidiary of Electricity Generation plc (EGCO), in New South Wales, Australia.
The financing was underwritten by MUFG and syndicated to Commonwealth Bank of Australia, ICBC, ING, Societe Generale and National Australia Bank.
"The refinancing package that has been put in place for Boco Rock Wind Farm is an indicator of continuing lending appetite for renewables assets in Australia," said White & Case partner Brendan Quinn, Head of Project Finance Asia-Pacific, who led the Firm's deal team. "We advised on a successful transaction that supports EGCO's expansion into Australia."
The White & Case team in Australia which advised on the transaction was led by partner Brendan Quinn with support from associates Isabella Jarrett, Maneka Siva Nathan and Naomi Midha. A separate White & Case team in Australia consisting of partner Ged Cochrane and associate Alicia Jennison advised the exiting agent and financiers. The borrower's legal counsel was Herbert Smith Freehills.
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