Latham Advises Vertex Bioenergy on Its €350 Million Sustainability-Linked Financing

Latham & Watkins has advised Vertex Bioenergy on its new sustainability-linked long-term financing of approximately €350 million.

The new platform financing streamlines Vertex Bioenergy’s existing debt profile and comprises significant undrawn, committed debt facilities to fund the diversification and growth of the business, including through the construction of new biomethane plants.

Vertex Bioenergy is an established energy transition business and the leading bioethanol producer in Spain and France. It owns and operates four state-of-the-art bioethanol production facilities located in Spain and Southern France.

The Latham team was led by London infrastructure partners Seonaid Todisco and Conrad Andersen, with associate Lothar Krumpen. Additional advice was provided by Madrid partner Fernando Colomina and counsel Luis Sánchez, with associates Lourdes Colom and Jaime Grau; and Paris counsel Etienne Gentil, with associate Natacha Adjoba Enoh. Advice on derivatives matters was provided by London counsel Delyth Hughes, with associates Nick Surry and Fadzai Ramwi; and on tax matters by London partner Aoife McCabe, with associate Isabella Wong; and Madrid counsel Blanca Vázquez de Castro, with associate Ana Serrano.