Energy Fiji Deal

Buddle Findlay advises in Fiji's largest ever syndicated financing

26 August 2020

Buddle Findlay, together with HLB Debt Advisory and Board Advisor Prasann Patel, is pleased to have advised Energy Fiji in connection with its inaugural syndicated financing and Fiji's largest ever syndicated financing.

The financing provides Energy Fiji with a resilient capital structure and funding for future development of generation and transmission capabilities.  The financing has an innovative green initiative pricing model, rewarding Energy Fiji as it promotes energy generated from wind, solar, hydro and any other form of renewable energy produced from sources that do not deplete or can be replenished within a human's life time.

Following a competitive tender process arranged and led by James Macfarlane of HLB Debt Advisory, Energy Fiji awarded Lead and Facility Agent to Australia and New Zealand Banking Group, Fiji Branch, Senior Participant roles to Bank of South Pacific, Fiji Branch and Westpac Banking Corporation, Fiji Branch.

The Buddle Findlay team was led by Peter Owles and Daniel Collins who worked closely alongside Suruj Patel of Patel Sharma.  Bell Gully and Munro Leys acted for the lenders.

Bobby Naimawi, CFO of Energy Fiji - "This is a remarkable achievement for Energy Fiji - particularly with the backdrop of working through a global pandemic.  The entire team - being the company, the advisors and the banks, worked tirelessly to get this initiative over the finish line.  We are grateful for the confidence that our new syndicate banking partners have in Energy Fiji and our plans for the future".