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Milbank LLP advised SAREN Energy on its NOK 1.985 billion refinancing through a mix of bank loans and private placement notes.
SAREN Energy is a district heating business with operations across Norway. SAREN Energy is owned by PATRIZIA, a leading investment manager in real assets with operations across the globe.
The Milbank team was led by European Infrastructure Investor partners Katie Hicks and Jonathan Toffolo, associates Rhodri Lewis, Immanuel Akale and Atul Diwakar, and trainees Thusika Tharmarajah and Katerina Pampouki, with assistance from Alternative Investments partner Robert Wyse Jackson and associate Tiiu Lemsalu, Tax partner Alan Rafferty and associate Jade Du Berry.
