Refinancing process completed for Revive, with €115 million in green financing secured
In combination with Bluefield Italia Srl, Bluefield Revive Italia l Srl (“Revive” or the “Vehicle“) is pleased to announce that it has successfully concluded its refinancing process.
The vehicle secured green financing for a total amount of €115 million from a pool of banks (€95 million as a committed line with an additional €20 million as an accordion) consisting of Banco BPM, CaixaBank, Bayerische Landesbank, and Bankinter, which acted as Original Lenders, Mandated Lead Arrangers, Bookrunners and Hedging Banks. Banco BPM additionally acted as Facility and Security Agent for the pool of banks.
Bluefield Italia and the Lenders were supported throughout the refinancing process by Arcus, Legance, PGLEx, Kiwa, Wide, Afry, and KPMG.
The capital raised will support the revamping and repowering of 46 ground-mounted and rooftop photovoltaic plants, in line with the vehicle’s mandate of modifying assets to improve energy generation and operational efficiency.
Giovanni Terranova, Founder and Managing Partner at Bluefield, commented: “The completion of this process marks a notable milestone in our strategy for the Revive portfolio. This was a true team effort, and we offer our sincere gratitude to not only the Bluefield Italia team, but also our trusted advisers and supporting banks for their commitment to helping us power a sustainable future”.
Alberto Paturzo, Partner and Head of Southern Europe, added: “We are very pleased to have completed this important process, which will enable us to move forward with the revamping and repowering of a highly diversified portfolio of solar plants, and unlocking significant market revenue opportunities”.
For further information:
Bluefield Partners LLP
Liam Wyatt, Associate Marketing Manager
Tel: +44 (0) 7719 523 416
lwyatt@bluefieldllp.com
Bluefield Italia Srl:
Alberto Paturzo, Partner, Head of Southern Europe
Tel: +39 06 9779 7145
info@bluefieldtalia.com