RSM Studio Palea Lauri Gerla Assists Sonnedix in Refinancing Eur 157.8 M of Debt

Sonnedix announces the refinancing of a portfolio of 23 photovoltaic plants in Italy, for a total of 47.3 MW of installed capacity

RSM Studio Palea Lauri Gerla has assisted, as corporate and tax advisor, the independent producer of solar energy, which manages photovoltaic systems in Italy for a total capacity of 114 MW.

Sonnedix, an established Independent Power Producer (IPP) with a multi-year international track record in the development and management of photovoltaic systems, announces the refinancing of a portfolio of 23 photovoltaic plants in Italy, with a total capacity of 47.3 MW and a value of 157.8 millions of Euro. Cristiano Lenti, on behalf of RSM Studio Palea Lauri Gerla, has assisted Sonnedix as corporate and tax advisor.

The refinancing of the debt took place through the issuance of a senior loan and a DSRA facility that allowed the writing off of the entire debt, that was previously belonged to the portfolio, with a positive impact on the efficiency of its financial structure. UBI Banca S.p.A., Banco Santander, S.A., Milan Branch, and Natixis S.A., Milan Branch have worked as Lender and Mandated Lead Arranger. UBI Banca S.p.A. has acted as a Facility Agent as well.

«The renewable energy sector is undergoing a deep transformation and, in Italy, we are witnessing a process of aggregation of portfolios by the main operators. This also brings the need to optimize the financial structure of the investments - says Cristiano Lenti, Partner of RSM Studio Palea Lauri Gerla - For Sonnedix, a well-known global player in the renewable energy sector, it is a strategic operation aimed at the further consolidating of its investment portfolio in Italy. We are very proud to have assisted Sonnedix in this operation.”»



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