Project
Financing
Albion has assisted clients in structuring limited recourse financing. Predominantly, these structured financings relate to PPP projects or investments in the renewable energy sector. Albion also acts as a financial advisor for public and private clients, validating the economic, financial and bankability profile of projects.
Project Financing
Albion has assisted clients in structuring limited recourse financing. Predominantly, these structured financings relate to PPP projects or investments in the renewable energy sector. Albion also acts as a financial advisor for public and private clients, validating the economic, financial and bankability profile of projects.
Project Financing activities
Advisory activities in project financing can be divided into two phases: the first (Financial Structure Definition) sets objectives for the second (Negotiation / management of the loan agreement).
Financial structure definition
Albion provides guidance in identifying the most appropriate financing solutions to define the bankability perimeter of the project.
Negotiation / management of the loan agreement
Albion is structured to provide support throughout all phases of negotiation and subsequent management of the project financing contract.
Financial structure definition
Financial modelling
We prepare and update the financial model to outline the exact financial, economic, profile of a project and to assess the feasibility of financing the initiative on a limited recourse basis.
Risk analysis
Analysis of risks related to the project and identification of potential mitigants (e.g., contractual adjustments), followed by sensitivity analyses aimed at testing the adequacy and resilience of the financial structure in the event that the underlying assumptions of the PEF deteriorate.
Market sounding
We conduct preliminary market soundings to gauge the appetite of banks and/or other types of lenders for the project.
Negotiation / management of the loan agreement
Information Memorandum and Term Sheet
We prepare the information memorandum and the preliminary term sheet.
Relationship with lenders
We maintain continuous interaction with lenders and, during the due diligence phase, with their project advisors, including legal, technical, insurance and tax consultants.
Loan agreement definition
We negotiate and finalize the contract and the security package, with the support of the borrower’s legal advisors.
Closing / post-closing support
We provide support up to the financial close of the loan and, if requested, post-closing support (dynamic management of the loan agreement, handling of significant events and waiver requests).
