Collgar Wind Farm’s A$409 million refinancing

Ashurst has advised the lenders on the A$409 million refinancing of the Collgar Wind Farm in Western Australia.

The refinancing of the Collgar Wind Farm consists of a A$397 million syndicated term loan facility and a A$12 million working capital facility.

Collgar Wind Farm is a renewable energy project located in Merredin, Western Australia and is to date the largest single stage operating wind farm in the southern hemisphere, with 111 turbines and a total power production capacity of 206 MW.

The funding package was provided by a syndicate of seven international and domestic banks comprising ANZ, Credit Agricole CIB Australia, CBA, BNP Paribas, HSBC, KDB and Mizuho.

The Ashurst team was led by project finance partner Chris Redden (picture), assisted by senior associates Douglas Fung and Marina Tinning, and associates Jowa Chan, Wilson Lu and Melany Wilson. Partner Andrew Gay also advised, supported by senior associates Cheyne Jansen and Caroline Lindsey, and associate Susanah Vindedzis.

Involved fees earner: Chris Redden – Ashurst; Douglas Fung – Ashurst; Marina Tinning – Ashurst; Jowa Chan – Ashurst; Wilson Lu – Ashurst; Melany Wilson – Ashurst; Susanah Vindedzis – Ashurst; Andrew Gay – Ashurst; Cheyne Jansen – Ashurst; Caroline Lindsey – Ashurst;

Law Firms: Ashurst;

Clients: BNP Paribas; Crédit Agricole Corporate and Investment Bank; HSBC; Mizuho; CBA – Commonwealth Bank of Australia; KDB Bank; ANZ Banking Group;