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May 25, 2011

HFN Advises Arrangers and Lenders in Loan Facilities for Seawater Desalination Facility

HFN's Project Finance department advised the European Investment Bank, Bank Hapoalim BM and Bank Leumi Le-Israel BM as the arrangers and lenders of NIS 1.75 billion short term and long term loan facilities for the construction of the 150m3/year Sorek seawater desalination facility.

The Sorek desalination facility is one of the largest of its kind in the world.

This matter was handled by partner Mark Phillips, co-head of the Project Finance department.