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March 2005
Biodiesel developer Biofuels Corporation is preparing a £32.7 million ($61 million) equity placement for what it says will be one of the largest biodiesel plants in Europe. It has also agreed a revised debt package with Barclays of £22.5 million in debt, of which £13 million is a term loan and £9.5 ...
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Shell Renewables and Entergy closed the $76 million Top Deer financing on 8 March with three arrangers. The three – Calyon, HVB and WestLB – are likely to hold on to their commitments to the financing, a reflection of the tight bank economic and competition for the mandate. The seven-year deal is un...
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Hawkeye Renewables has closed a $185 million B loan financing – the first public project financing for an ethanol facility. The deal, low rated and featuring relatively loose covenants, illustrates that lenders to such plants will need to be flexible. It also gives an indication of the prioritie...
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FPL prepares second wind deal
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New private equity money was meant to create big deals for European renewables lenders. But incentive regimes, and sellers, have not been generous enough. Paul Smith reports.