DIF Solar Assets Refinancing

Deal Sheet

Natixis is pleased to announce that it acted as Sole Mandated Lead Arranger and Bookrunner for the refinancing of the  Illumination, Glenarm and Goldlight solar projects. The 3 solar PV assets that were refinanced as a package are located in Ontario (Canada) with a combined aggregate capacity of 30MW. They are all fully owned by the DIF Infrastructure III fund and started commercial operation in 2014/2015. The assets sell their electrical output pursuant to 20-year feed-in tariff contracts with the Independent Electricity System Operator in Ontario. The approximately CAD 180 million hybrid debt package arranged by Natixis included a fixed rate tranche subscribed by institutional investors from Natixis’ Infrastructure Debt Platform.

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