Linklaters advises on €1.4bn long-term financing platform for Thyssengas

Linklaters has advised the funders, a combination of bank lenders and private placement investors, on their entry into a new €1.4bn common terms debt platform established by Thyssengas Holding GmbH.

Thyssengas is one of Germany’s largest gas transmission service operators, playing a key role in the development of energy infrastructure in Germany. Thyssengas is owned by Macquarie Super Core Infrastructure Fund, a fund managed by Macquarie Asset Management.

The platform provides Thyssengas with a flexible and scalable framework to access multiple sources of capital under a unified set of terms, supporting the evolution of its gas transmission network towards hydrogen-readiness.

This transaction builds on Linklaters’ experience advising lenders and USPP investors on the establishment of common terms platforms, and further demonstrates the firm’s capability in delivering complex, cross-border financing solutions in the energy and infrastructure sector.

Sebastian Witte, Partner at Linklaters says:

“Delivering one of the first unsecured common terms platforms of this scale in the German energy market is a landmark achievement — and we are proud to have supported Thyssengas and their funders on this transaction”.

The Linklaters team was led by partners Sebastian Witte and Nick Szmigin, supported by managing associate Joseph Stedman Jones and associate Thomas Holmes in London. In Frankfurt, the team was led by partners Michal Hlásek and Ulrich Johann, supported by associates Johannes Gottwaldand Benedikt Kruse. In Luxembourg, the team was led by partner Melinda Perera, supported by associate Christoforos Naziroglou.