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Marianna Sédéfian is a counsel in the Energy, Infrastructure, Project and Asset Finance group of the Paris office.
Her principal fields of expertise are project finance.
In project finance, Marianna has a vast experience assisting banks, French and foreign credit institutions and advising national and international sponsors on their project financing transactions (notably in France and in Africa), generally based on PPP and concession agreements.
Her practice mainly includes all aspects of the structuring and financing of major infrastructure and industrial and energy projects (notably regarding railways, roads and bridge), as well as their corporate law specificities.
Marianna managed several large projects in France (railway projects, motorways, road tunnel, wind farms) and Africa (motorway, bridge, water, mining and energy projects). She gained significant practice in drafting finance documentation relating to large transactions.
In acquisition finance, Marianna has assisted French and foreign banks, mezzanine funds, investment funds. She also advises companies on leveraged buyouts transactions, syndicated financings and debt restructuring.
Representation of various lender groups in relation to ongoing secured financings to an industrial Senegalese company which is one of the largest producer of phosphate fertilizers in Sub-Saharan Africa.
Representation of the European Investment Bank (EIB) on the project bond which refinances 11 French telecoms concessions that are owned by Axione Infrastructures. This transaction awarded the European Telecoms Deal of the Year by IJ Global 2015. This is the first project bond with EIB credit enhancement product issued in France and the first in Europe issued for digital infrastructure. It is also the first project bond listed on Euronext Paris.
Representation of the project company formed by Eiffage in connection with the concession, financing, building and operation of a €121 million new section of the Dakar toll road to be fund by the Senegalese government, AFD, Eiffage and its lenders. These additional 16,5 km will connect the first section of the Dakar-Diamniadio Toll Road to the new Blaise Diagne international airport.
Representation of CIPREL, an Ivorian independent electricity producer, controlled by Eranove (formerly Finagestion S.A.), itself a subsidiary of a pan-African investment fund, Emerging Capital Partners, in relation to the financing of the expansion of its power unit.
Representation of BMCE Bank as the sole lender supporting a consortium composed of Abengoa Water and InfraMaroc on the financing of a desalination plant in Agadir, Morocco. The large scale PPP is the first delegated management contract of this importance in Morocco under the law n° 54-05, and also the first for the production of drinking water which will contribute to the major development taking place in Agadir, particularly in the tourism, agrifood and industrial sectors.
Representation of HSH Nordbank AG on the project financing of the third-largest French wind farm Seine Rive Gauche Nord located in the Departement Aube and includes 30 Nordex N100 wind turbines. The total electricity output of the park is aimed to be 75 megawatt. The wind park is already under construction and is scheduled to start operating in 2015. The project also includes a dedicated transformer substation that will establish a direct grid connection to the high voltage RTE Transmission network, which makes it unique on the French energy market.
Representation of the lenders of a Consortium led by Bouygues Travaux Publics (including AfDB, PAIDF, BOAD, EBID, AFC, BMCE Bank and FMO) for the financing, design, construction and operation of a toll bridge in Abidjan under a concession scheme with a debt and equity coverage from MIGA. This transaction was awarded "African Transport Deal of the Year" by Project Finance 2012.
Representation of the lenders for the financing of a consortium led by Vinci Concessions, in connection with the construction, development and maintenance of the Sud Europe-Atlantique (LGV SEA) high-speed railway in France. This transaction was awarded "High-Speed Rail Deal of the Year" by Project Finance 2011, "Rail Deal of the Year" by Project Finance International 2011 and "Deal of the Year – Transport 2012" by Infrastructure Journal.
Representation of Société Générale Corporate & Investment Banking and HSBC on a comprehensive package for the financing of the construction by STX France, and the acquisition by Royal Caribbean Cruise Lines (second largest cruise company in the world), of the Oasis 3 Cruise Vessel for an amount of EUR 1.1 billion. This cruise ship with a capacity of 5 400 passengers and 2 100 crew members, will be the largest cruise vessel ever built in the world, featuring the most innovative technology and amenities in the cruise industry. The financing was made of (i) a EUR 892 M COFACE covered Export Credit, with SG CIB, HSBC and BNP Paribas acting as Mandated Lead Arrangers and (ii) a EUR 735 M Pre-Financing Facility, with SG CIB and HSBC acting as Mandated Lead Arrangers.
Representation of the Société Nationale Industrielle et Minière (SNIM) of Mauritania in relation to the US$710 million multi-sourced financing (including Islamic finance, as well as export credit agency and a development bank financing) for the expansion of the Guelb II mine and the construction of a new ore carrier port in Nouadhibou, Mauritania. This transaction was named "Deal of the year" by Trade Finance Magazine 2009.
Financements de projets: nouveaux acteurs et nouveaux challenges, Magazine des Affaires, Nov 2011, (co-author with Paule Biensan)