17 Dec 2025

BCLP Advises Qair International on €240 Million Syndicated Loan Facility

"BCLP advised renewable energy developer Qair International on a €240 million syndicated loan arranged with a ten-bank consortium. The package comprises a €130m amortizing term loan (3+1+1), a €110m revolving facility and an up to €100m accordion. Natixis CIB acted as sole coordinator; part of the proceeds will repay a €45m bond maturing in February 2026."

BCLP advised Qair International on the arrangement of a €240 million syndicated loan facility, acting for the company. The financing comprises a €130 million amortizing term loan with an initial three-year maturity extendable twice by one year each (3+1+1 structure), a €110 million revolving credit facility, and an accordion option of up to €100 million to accommodate future expansion of the lending group. The transaction was arranged with a banking consortium of ten international financial institutions. Natixis Corporate & Investment Banking acted as sole coordinator and documentation agent. BNP Paribas, Banque CIC Sud Ouest, Caisse d’Epargne et de Prévoyance Languedoc-Roussillon, Crédit Agricole Corporate and Investment Bank, Caisse Régionale de Crédit Agricole Mutuel du Languedoc, Crédit Lyonnais and Natixis Corporate & Investment Banking served as mandated lead arrangers and bookrunners. Qair International will use part of the proceeds to repay a €45 million bond maturing in February 2026; the remaining funds will support general corporate needs and consolidate existing credit lines. Crédit Agricole Corporate and Investment Bank will act as facility and security agent, while BNP Paribas and Crédit Agricole Group entities will serve as sustainability coordinators. BCLP represented Qair International with a team composed by: Partner David Blondel, Counsel Alexis Faou and Associate Fabien Lambert.
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