Norton Rose Fulbright South Africa advises Prescient on ZAR210 million renewable energy financing

"Norton Rose Fulbright South Africa advised Prescient Investment Management (as agent for the Prescient Clean Energy and Infrastructure Debt Fund Trust and the Prescient Infrastructure Debt Fund Trust) on a secured ZAR210 million equity finance facility to Reatile Renewables De Aar 2 South Wind (RF) Proprietary Limited to fund equity contributions to Mulilo De Aar 2 South (RF) Proprietary Limited. The firm also led drafting of facility and security documents and advised on the transition from JIBAR to ZARONIA."

Norton Rose Fulbright South Africa advised Prescient Investment Management Proprietary Limited, acting as agent for the Prescient Clean Energy and Infrastructure Debt Fund Trust and the Prescient Infrastructure Debt Fund Trust. The firm advised on a secured ZAR210 million equity finance facility provided to Reatile Renewables De Aar 2 South Wind (RF) Proprietary Limited. The facility will fund Reatile Renewables De Aar 2 South Wind’s equity contributions to Mulilo De Aar 2 South (RF) Proprietary Limited, a renewable energy project company, advancing South Africa’s clean energy transition and sustainable infrastructure development. Norton Rose Fulbright acted as lead legal advisor to Prescient, drafting and negotiating the facility agreement and the related security documents. The team also advised the lenders on evolving market standards relating to the industry-wide transition from JIBAR to ZARONIA, tailoring transactional documentation to reflect market developments and the specific requirements of the lenders. Norton Rose Fulbright South Africa represented Prescient Investment Management Proprietary Limited, acting as agent of the Prescient Clean Energy and Infrastructure Debt Fund Trust and the Prescient Infrastructure Debt Fund Trust, with a team composed by: Izak Lessing (Director, Banking and Finance) and Adrienne Hendricks (Associate, Banking and Finance).

Norton Rose Fulbright South Africa advises Prescient on ZAR210 million renewable energy financing

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