Global law firm Clifford Chance has advised the lenders to Vertex Bioenergy on a 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 was acquired by DWS in 2020

The international Clifford Chance team was led by partner Julia House (London finance), with support from senior associate Louise Baxter and associates Maria Vispo and Daniel Braun (all London finance). The team further comprised partner Maria Sabau (Madrid finance) and partner Chloé Desreumaux and associate Ophélie Han Fing (both Paris finance). Partner Will Winterton and senior associate Rachel Robertson advised on hedging (London derivatives & structured products) and partner Jemma Dick (London), senior counsel Roberto Grau (Madrid) and associate Hanene Zamir (Paris) advised on tax.