Watson Farley & Williams Advised Lenders On Low Carbon Capital Refinancing

Watson Farley & Williams Advised Lenders On Low Carbon Capital Refinancing

Watson Farley & Williams (“WFW”) advised three syndicates of lenders on a capital refinancing for Low Carbon. The transaction was concurrent with CVC DIF’s acquisition of a majority stake in the company.

Low Carbon is a leading renewable investment firm embracing proven technology including solar, wind, waste-to-energy and battery storage.

CVC DIF is an infrastructure fund managed by CVC, a leading global private markets manager with €19bn AUM.

Jennifer said, “We’re delighted to have advised the lenders and assisted Low Carbon with this substantial investment for its continued growth. A transaction of this value underscores the vital role of companies like Low Carbon in advancing the UK’s energy transition as well as WFW’s unrivalled expertise advising on big-ticket transactions in the renewables space”.

Henry added: “We are pleased to have advised the lenders on another holdco financing in the renewables space”.

The Watson Farley & Williams team was led by Projects Jennifer Charles (Partner), supported by Gavin Jackson (Senior Associate), Tom Harvey (Associate), and Hayley Rowcliffe (Associate), and Aditya Ashok (Trainee). Projects Daisy East (Partner), and Tara Goalen (Associate), and Kate Clancy (Associate), advised on the refinanced senior facility. Hedging expertise was provided by Financial Markets and Products Rob McBride (Partner), and Kristina Buckberry (Associate). Real Estate John Rosmini (Partner), James Fryer (Senior Associate), and Elizabeth Gillespie (Associate), and Hamish Ungless (Associate) advised on due diligence matters.

WFW Global Energy Sector Head and Projects Henry Stewart (Partner) advised on the holdco facility, supported by James Harrison (Counsel), Esteira Hiwaizi (Associate), James Fitzjohn (Associate), and Georgina Somers (Associate), and Sam Gunnewicht (Trainee).

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