Strata Clean Energy closed a $300 million revolving loan and letter of credit facility to expand its operational fleet and accelerate the commercialization of its development pipeline. Nomura Securities International led the financing.
Intersect Power closed an up to $800 million revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy platform.
Andrew Schoulder, who has experience in distressed and special situations, joined Norton Rose Fulbright’s New York office. Schoulder advises clients in connection with distressed and special situations both in and out of court.
Corporate finance lawyer Kimberly Perdue joined Norton Rose Fulbright’s Dallas office as a partner. Perdue was previously a partner at Kirkland and Ellis.
Norton Rose Fulbright advised a committee of secured creditors on the restructuring of international shipping company Vroon. The restructuring was completed on June 12. This was the first restructuring to be carried out using a parallel English scheme of arrangement and Dutch WHOA plan.
Origis Energy closed an upsizing amendment to its development finance facility, doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline.
Aurora Capital Partners, a middle-market private equity firm completed its acquisition of Sharps Compliance Corp. Antares arranged the debt financing for the transaction.
Elizabeth Sluder joined Norton Rose Fulbright’s projects team as a partner in Los Angeles. Sluder will focus on project finance, mergers and acquisitions, private equity and general corporate matters.
Norton Rose Fulbright appointed Dr. Sylwia Maria Bea its new EMEA co-head of financial restructuring and insolvency.
Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors.