Buddle Findlay acts for Contact Energy on $850m sustainability linked syndicated facility agreement

21 December 2022

Buddle Findlay is delighted to have acted for Contact Energy on its $850m sustainability linked syndicated facility agreement. 

The Buddle Findlay team was led by senior associate Paul Appleyard and partner Miriam Andrews and included solicitor Samuel Andrew.  The lenders were represented by partner Gerard Souness and solicitor Caitlin McClintock of Chapman Tripp.

“Sustainable finance solutions like this allow us to align the core funding of our business to the Contact26 strategy to lead decarbonisation in New Zealand.  It was a pleasure to work with the Buddle Findlay team on this transaction, their knowledge and expertise were a key component in the delivery of the new sustainability linked facility" says Will Thomson, corporate treasurer at Contact Energy.

Paul Appleyard commented "We were really excited to work with Contact Energy on this significant financing.  Contact Energy has led the sustainable finance market with its 2021 sustainability linked loan conversions and this financing shows that the sustainability linked loan market in New Zealand continues to evolve."