ML advises EDP on negotiation of loan facility in Singapore

Morais Leitão, through a team led by partner Maria Soares do Lago, has advised EDP – Energias de Portugal, S.A. (EDP) on the negotiation of a one billion Singapore dollars five-year loan facility.

The transaction was arranged, as a Club Deal, by EDP, with the coordination of DBS Bank and with the participation of three other international banks, MUFG, OCBC and UOB, in the role of Arrangers. The MUFG also acted as Facility Agent.

This was one of EDP’s first loan transactions in Singapore dollars, following EDP Renováveis’s acquisition of a relevant stake in Sunseap, the largest distributed solar power operator and the fourth largest solar power operator in Southeast Asia.

The loan has green purposes as it is intended to finance or refinance EDP’s green assets portfolio.

Clifford Chance also advised EDP and Linklaters advised the banks.

Michael Heron