PLMJ and Morais Leitão on Powerdot €165M green financing

PLMJ and Morais Leitão have provided legal advice on the closing of Powerdot’s €165 million green financing facility. The goal of the deal is to expand Powerdot’s network of EV charging points to more than 3,100 locations by 2026, enhance technology and user experience, and grow its team across Europe, according to a press release from the law firms. “The investment represents one of the largest green EV charging infrastructure facilities of the year and marks a significant milestone in advancing sustainable energy solutions in several urban areas,” the note states.

The financing structure

The financing structure was designed in accordance with the Green Loan Principles defined by the Loan Market Association and includes a customized €165 million senior facility, with an additional €60 million uncommitted accordion facility. This was made possible through the collaboration of a syndicate consisting of ABN Amro, BNP Paribas, ING, MUFG Bank, Société Générale, and Santander, which also played roles as financial advisor and green financing coordinator.

The Advisors

The PLMJ legal team was led by André Figueiredo, partner and head of Banking and Finance and Capital Markets practice, supported by partners João Marques Mendes (Energy) and Tomás Almeida Ribeiro (Corporate M&A), and also included lawyers Nuno Morgado Pereira, Marta Spínola de Freitas, and João Terrinha. On Morais Leitão’s side, Filipe Lowndes Marques, partner and head of Banking and Finance, led the team, which also included consultant Filipa Morais Alçada and associate Salvador Sampaio Fontes (all mentioned partners pictured from left to right). Further specialist advice was provided by E&Y and McKinsey & Co.

PLMJ, along with Clifford Chance, advised Powerdot, while Morais Leitão, together with Gibson Dunn, advised the credit providers on all aspects of the development and financing of this project.