Clifford Chance Advised a Syndicate of European Lenders on Fastned’s €200 Million Green Loan Facility
Clifford Chance Advised a Syndicate of European Lenders on Fastned’s €200 Million Green Loan Facility
Global law firm Clifford Chance has advised a syndicate of European lenders comprising ABN AMRO, Crédit Agricole, ING, Invest-NL and Rabobank, on a green loan facility of up to €200 million for Fastned, a European fast-charging company.
The facility includes an initial €100 million in committed capital over three years to fund station rollout in Belgium and Switzerland, with an uncommitted €100 million accordion option for further expansion into other markets. The five-year, non-recourse facility will support Fastned’s network rollout, upgrades and acquisition of new locations for development, supporting its ambition to operate 1,000 stations by 2030.
Lenz & Staehelin acted as the Swiss legal counsel to the lenders in this transaction.
The Clifford Chance team advised on this transaction consisted of Titus de Vries (lead partner), Herman Steinvoort (Counsel), Yassin van Meel (Dutch lawyer) and Rody Mettler (Infrastructure Finance), Esmée Oldenkamp (Senior Associate / Notary), Stern Flik (Counsel) and Robin Houtveen (Senior Associate / Tax), Sanne Blankestijn (Associate) and Maria Boerman (Counsel / Employment) in Amsterdam. Additional support came from David Neu (Senior Associate) and Christopher Banks (Senior Associate / Finance) in Munich, and Wim Aerts (Senior Counsel) and Sonia Belhassen (Associate / Finance) and Stijn van Walleghem (Counsel / Tax) in Brussels.
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