Direct lenders blow £1.3bn into Walney Extension wind farm
Macquarie has led a £1.3bn ($1.7bn) secured financing in the direct lending market for the acquisition of a 50% stake in a UK offshore wind farm, the Walney Extension, taking £500m of the issue itself.
Ørsted, the new name for Dong Energy, sold the 50% stake to pension funds PKA and PFA.
The stapled financing deal comprised £1.3bn of 16 year
amortising consumer price index-linked notes and conventional bonds. On Thursday, Macquarie announced it
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