Veja Mate debt restructuring

Press release, 5 July 2018

Green Giraffe and FIH Partners, acting as exclusive financial advisors, are pleased to announce the successful and favorable closing of the restructuring of EUR 1,277 M senior facilities in place on the Veja Mate project.

Veja Mate is a 402 MW offshore wind farm located in the German North Sea, approximately 95 km off the island of Borkum. It is owned by Highland Group Holdings Ltd, Siemens Financial Services and CI II managed by Copenhagen Infrastructure Partners.

All 67 Siemens turbines were successfully commissioned in May 2017, take-over occurred in October 2017 and project completion was reached early February 2018.

The initial transaction successfully closed in June 2015, with Green Giraffe advising Veja Mate in raising EUR 1.9 bn of funding through long term non-recourse financing senior debt, subordinated debt and equity. FIH Partners advised Copenhagen Infrastructure Partners on their investment in the project.