On December 6, 2019, Samsung Renewable Energy, Inc. (“Samsung”) and Pattern Energy Group LP (“Pattern”) sponsored a refinancing of the South Kent wind farm.
National Bank of Canada and Sumitomo Mitsui Trust Bank acted as joint-bookrunners on a C$966 million (US$732 million) 15-year package, which is comprised of a C$903 million term loan and C$63 million in letters of credit.
Associated Bank, Caixa, Crédit Agricole, DZ Bank, KfW IPEX Bank, Korea Development Bank and Siemens Financial also served as coordinating lead arrangers on the refinancing.
Further information on the project can be found on South Kent’s website.
|Nature of Engagement||Refinance|
|Client||National Bank and the 9-bank syndicate of lenders|