Clifford Chance advises Greenalia as borrower on a Cesce-covered financing in connection with the Misae II photovoltaic project in Texas
Clifford Chance has advised Greenalia Power US (a subsidiary of Greenalia) as the borrower in a financing with coverage by Cesce for approximately USD 124,000,000. The loan was granted by Barclays Bank Ireland PLC and Nomura Corporate Funding Americas as lenders, with Barclays Bank Ireland PLC acting as insurance agent and Acquiom Agency Services as collateral agent.
The financing aims, among other purposes, to meet certain capital contribution commitments in favor of Excel Advantage Services, LLC in the context of the Misae II photovoltaic project, located in Texas (USA).
The cross-border team was led by partner José Guardo, together with senior associate Antonio Sánchez-Cirujano and associate Juan Conde-Pumpido from the Global Financial Markets department in Madrid, with the support of Clifford Chance’s New York and Washington offices.
