ABOUT US ANNOUNCEMENTS PINSENT MASONS ADVISES PHOTON ENERGY N.V. AND BANKHAUS SCHEICH WERTPAPIERSPEZIALIST AG ON EUR 55M GREEN BONDS toggle menu search-panel language contact Pinsent Masons advises Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on EUR 55m GREEN bonds 26 Nov 2021 | 09:24 am | 1 min. read Share via email Share on social Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027. The bonds received a second party opinion from imug | rating, confirming their alignment with ICMA’s Green Bond principles. Delivering solar energy and clean water solutions around the world, Photon Energy N.V will use proceeds from the bonds to finance and expand its existing portfolio in accordance with its Green Financing Framework. The corporate bonds were offered to bondholders of the existing 2017/2022 corporate bonds in the form of an exchange offer – a unique feature for this type of transaction. Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, acted as Sole Global Coordinator and Bookrunner for the transaction. The Pinsent Masons team acting on the transaction was led by Thomas Mayrhofer (Corporate / M&A) and was supported by Dušan Stojković, (senior associate, Finance, Frankfurt) alongside Alexander Spoor (partner) and Frits Burg (legal director, both Corporate) from the firm’s Amsterdam office. Commenting the transaction, Thomas Mayrhofer said: “We are pleased to have worked with Photon Energy and Bankhaus Scheich on this exciting and important transaction. In particular, we are proud to have been part of the company’s highly successful maiden green financing, which had the unusual feature of an exchange offer for the holders of a previously issued bond.” Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 110 MWp and has power plants with a combined capacity of 89.3 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 890 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 330 MWp worldwide. The group’s second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The company is headquartered in Amsterdam, with offices across Europe and in Australia. Corporate Banks Capital Markets Climate change mitigation and sustainability Corporate Finance Energy Energy & Infrastructure Finance Financial Services Germany Mergers & Acquisitions Property Investment Renewables & CleanTech The Netherlands KEY CONTACTS Thomas Mayrhofer Rechtsanwalt, Partner, Head of Corporate and M&A, Germany +49 89 203043 582 Email View Profile Left OUT-LAW NEWS 3 December 2021 UK Pensions Regulator approves first ‘superfund’ Show me more OUT-LAW NEWS 3 December 2021 UK Pensions Regulator approves first ‘superfund’ Show me more OUT-LAW NEWS 3 December 2021 Western Australia allocates A$118m for hydrogen hubs Show me more OUT-LAW NEWS 3 December 2021 Western Australia allocates A$118m for hydrogen hubs Show me more OUT-LAW NEWS 3 December 2021 China plans to reduce methane emissions in key business sectors Show me more OUT-LAW NEWS 3 December 2021 China plans to reduce methane emissions in key business sectors Show me more OUT-LAW NEWS 2 December 2021 Germany’s new coalition wants to accelerate mass proceedings through judicial reform Show me more OUT-LAW NEWS 2 December 2021 Germany’s new coalition wants to accelerate mass proceedings through judicial reform Show me more OUT-LAW NEWS 2 December 2021 UK seeking decarbonisation of public estate with help of new guidance Show me more OUT-LAW NEWS 2 December 2021 UK government ‘still considering’ reform of VAT and property rules Show me more OUT-LAW NEWS 2 December 2021 UK government ‘still considering’ reform of VAT and property rules Show me more OUT-LAW NEWS 1 December 2021 German justice ministers call for reform of the system of mass proceedings Show me more OUT-LAW NEWS 1 December 2021 German justice ministers call for reform of the system of mass proceedings Show me more OUT-LAW NEWS 1 December 2021 Hackers look to suppliers for access to corporate systems and data Show me more OUT-LAW NEWS 1 December 2021 Hackers look to suppliers for access to corporate systems and data Show me more Right LATEST PRESS RELEASES SHOW ME ALL PRESS RELEASES 29 Nov 2021 Pinsent Masons appoints fourth partner in Amsterdam with life sciences patent specialist Multinational law firm Pinsent Masons has recruited partner András Kupecz to its European life sciences team, further bolstering its Netherlands-based technology, science and industry capabilities. 25 Nov 2021 Pinsent Masons wins International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021 Multinational law firm Pinsent Masons has been named International Law Firm of the Year and ADR Team of the Year at the Qatar Business Law Forum Awards 2021. 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