Jonathan Toffolo

 Focus & Experience

Jonathan specializes in infrastructure acquisition financings and refinancings, acting for both infrastructure sponsors and finance providers. He has extensive experience in bank lending, European institutional funding, US private placements and structured financing platforms across a broad spectrum of infrastructure assets.

Jonathan has advised:

• Funders to Nevel Oy on its approximately €665 million refinancing through a mix of multicurrency bank loans and private placement notes.
• Chane on its €1.3 billion debt refinancing, streamlining and optimizing its capital structure. The financing is underpinned by an investment grade rating, with the new facilities secured across a diversified range of tenors from both bank and institutional lenders. 
• Macquarie Asset Management via Macquarie European Infrastructure Fund 7 on behalf of long-term institutional investors on their acquisition of ownership stakes in Bristol, Birmingham and London City Airports.
• VTTI, a global leader in independent energy that now develops the critical energy infrastructure needed to move towards a carbon neutral future, on its US$1.7 billion refinancing*
• GETEC, a leading partner for smart, efficient and sustainable energy infrastructure solutions to the industrial and real estate sectors in Europe, on its €3.1 billion refinancing under common terms investment-grade platform with longer and diversified tenors, offering GETEC a flexible structure to support its expansion in both existing and new markets*
• Existing and incoming funders in connection with the €2.6 billion refinancing of Ventient Energy, Europe's largest operator of onshore wind farms, including establishment of a new multi-creditor common terms platform*
• Funders in relation to a refinancing by Adven Group Oy including a mix of bank and private placement debt*
• Funders to a joint venture of DWS and MEAG on their acquisition of Weltec, a German biogas business*
• Farnborough Airport on its refinancing (having also previously acted on the acquisition of Farnborough Airport by MEIF 6)*
• Bristol Airport on the refinancing of its bank facilities (having also previously acted for Bristol Airport on its most recent private placement note issuance)*
• Funders to GIP in relation to a junior financing for a bid by New Suez for the acquisition from Veolia Environment of Suez's waste and water business assets in the UK*
• Funders to DigitalBridge and Brookfield Asset Management on the financing for €18 billion acquisition of a majority stake in GD Towers that owns 33,600 telecoms towers and rooftops in Germany, and a further 7,000 sites in Austria*

*Matter completed prior to joining Milbank.