Natixis acts as Financial Advisor, Rating Advisor, Mandated Lead Arranger and Co-Hedge Coordinator for the EUR 1.4 billion senior debt refinancing of French virtual power plant Exeltium.
The operation was achieved through an innovative financing structure, combining two pari passu tranches :
- a Bank Tranche of EUR 1 billion;
- a tailored Institutional Tranche of EUR 435 million, secured by Exeltium and bringing together 9 institutional investors.
This refinancing, effective upon drawdown as of June 4th 2015, offers Exeltium a 15-year tenor in line with the project’s duration.