Click on the link below for the PFI 2017 Global Energy Report article summarising the OCTP transaction for which Portland Advisers acted as Financial Advisor to UKEF.
OCTP Transaction Summary – PFI 2017 Global Energy Report
For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com
Portland Supports Dolma Himalayan Climate Fund
Portland has been retained to assist Dolma Himalayan Climate Fund (DHCF) with respect to financial modelling of solar and hydro-electric power plants.
Supported by the Department for International Development (DFID), part of the UK government, DHCF has been structured to attract funding from institutional investors for the development of renewable energy projects in Nepal and other Himalayan geographies.
To discuss this further, contact Geoff Knox on geoff.knox@portlandadvisers.com
Portland Wins PFI Award
The $1.4 billion financing for the Offshore Cape Three Points project, where Portland acted as Financial Advisor to UK Export Finance, has been awarded “2016 African Oil & Gas Deal of the Year” by Project Finance International. The picture shows the UKEF and Portland team at the Awards Dinner at which the award was presented.
From left to right: Oliver Irwin (Milbank), Iain Hackston, Margaret Eyres (UKEF), Joe Shephard (UKEF), Keith O’Donnell, Frauke Bialokoz, Tim Loy (UKEF), David Craig (UKEF), Geoff Knox and Richard Simon-Lewis (UKEF).
Portland Top of the Charts
The league tables are out, and Portland Advisers has been confirmed by Infrastructure Journal as no.1 Financial Advisor by value in 2016 following a very successful year. This follows the closure of transactions such as OCTP, and confirms Portland’s well established position as a leading Financial Advisor in the key infrastructure sectors globally.
Further information can be found by clicking here.
Offshore Cape Three Points (OCTP) Closes
Loan signing on the $1.35 billion limited-recourse debt financing for Vitol’s working interest in the Offshore Cape Three Points/Sankofa oil and gas project in Ghana, West Africa took place today.
The financing has a hybrid structure combining Reserve Based Lending (RBL) and Project Finance features. Debt facilities were provided by UK Export Finance (UKEF), IFC and a syndicate of commercial banks.
Portland advised UKEF throughout the negotiation and documentation of this transaction.
To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com or Frauke Bialokoz on +44 20 7183 8386 or frauke.bialokoz@portlandadvisers.com
Portland on the BBC – Champions League Final in focus
Ahead of the Champions League Final, the BBC interviewed Portland’s Head of Stadium Finance, Harry Philp on his views of how financial considerations in football have become the driving force for clubs when prioritising certain competitions over other.
See the full article by clicking here.
For further information on stadium finance and sports advisory services, contact Harry directly on +44 20 7183 8392 or harry.philp@portlandadvisers.com
More accolades for Portland’s Seabras-1 Financing
Following the award earlier in the year from Global Trade Review, Portland’s financing of the Seabras-1 cable project was today awarded the “Perfect 10 ECA Finance Deal of the Year” by the prominent international magazine Trade & Export Finance. This award is given to the world’s best projects in the export credit agency/project finance market.
The Perfect 10 Award is the second award this quarter to recognize Seabras-1 as the first export credit agency-backed project financing of a subsea cable project in the 160-year history of the global telecommunications industry.
For more information, contact Nick Flitterman on +44 20 7185 8385 or nick.flitterman@portlandadvisers.com
European Telecom’s Deal of the Year award for O3b Networks
The awards keep on rolling in for financings advised on by the Portland team. This time it’s the O3b Networks financing for its satellite constellation expansion that has been named “European Telecom Deal of the Year” by the Infrastructure Journal at their ceremony in London.
O3b stands for the “other three billion”, a reference to nearly half of the world’s population that is not adequately served with broadband internet access due to the absence of a backbone of super-fast fibre-optic cable connections in many regions. Now successfully operational and meeting both its developmental and economic goals, Portland has guided O3b’s management team through it’s multiple financings and various stages of growth and is delighted to have played its part in what has become the fastest growing satellite company in the sector.
For further information, contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com
Portland’s Seabras-1 financing named “Best deal of 2015”
Following the achievement of Financial Close late in 2015, the landmark nature of the transaction has now been recognised as the Seabras-1 cable project was awarded “Best Deal of 2015” by Global Trade Review. Seabras-1 is the first Export Credit Agency-backed project financing of a subsea cable project in the history of the global telecommunications industry.
For further information, contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com
Portland closes $500m financing for Seaborn Networks
Nick Flitterman and James Benbow from Portland’s telecom team advised Seaborn Networks on the successful project financing for the new Seabras-1 subsea cable connecting New York and Sao Paolo. The senior debt will be guaranteed by the French Export Credit Agency, COFACE, and funded by a bank syndicate of Natixis, Santander, Commerzbank and Banco Intesa. Equity will be provided by Partners Group. The transaction is a landmark deal as the first ECA-backed project financing in over 10 years.
More about Seaborn and the Seabras-1 project can be found here on the company website, or visit our case study page here.
For further information contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com
