Clifford Chance Advised OMERS Infrastructure on €770 Million Debt Facilities for Borealis Spain Parent B.V.
Clifford Chance Advised OMERS Infrastructure on €770 Million Debt Facilities for Borealis Spain Parent B.V.
Global law firm Clifford Chance advised OMERS Infrastructure on the successful close of €770 million debt facilities at Borealis Spain Parent B.V., the holding company for OMERS’ approximately 25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support energy transition.
The company owns the transmission pipeline network spanning 4,000km in Spain and operates a 2,000km pipeline network in the UK. Exolum also owns 68 storage terminals with a total capacity of 11+ million cbm and serves over 48 airports worldwide – including Heathrow, Gatwick, Stansted, Madrid, Barcelona, Lisbon, Lima in Peru, and Charles de Gaulle – making it a global leader in aviation fuel infrastructure.
This transaction reflects strong market confidence in Exolum’s robust growth and diversification strategy, as well as OMERS’ long-term commitment to the sector.
Alexandra Dimsdale Gill (Partner) commented: “We are delighted to have supported OMERS Infrastructure on this significant financing for Borealis Spain Parent B.V. The breadth of engagement from bank and private placement lenders underscores the quality of the Exolum platform and its role in energy transition. Delivering this cross border transaction required close coordination across our London, Madrid and Amsterdam teams, together with our hedging specialists, to achieve a timely and efficient outcome.”
The cross-border Clifford Chance team that advised OMERS Infrastructure was led by Alexandra Dimsdale-Gill (Partner), Louise Baxter (Senior Associate) and Boma George (Associate), with support from Maria Sabau (Partner) and Samir Azzouzi (Partner) and Elena Euba (Associate) in Madrid, and Nienke van Stekelenburgh (Partner), Vincent Engel (Associate) and Lisa van der Veldt (Associate) in Amsterdam. Hedging advice was provided by Will Winterton (Partner) and Bogomil Kukovski (Associate).
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