Tilt Renewable’s refinancing of its renewable energy portfolio involved a $2.3 billion refinancing and upsizing across domestic and institutional investors, comprising a $1.4 billion revolving credit facility and $850 million Asian institutional term loan. The transaction enabled the 108-megawatt Waddi Wind Farm (Western Australia) and 288-megawatt Palmer Wind Farm (South Australia) to both progress to Final Investment Decision through a fully-debt funded approach.
The Judging Panel commended Herbert Smith Freehills Kramer, White & Case, and Gresham for their advice, recognising the scale of diversification and complexity of the refinancing. The Panel noted the strong international lender confidence in exposure to Australian renewables. The Panel applauded the advisory teams for their innovative approach to the refinancing.