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Feb 08, 2013

HFN Project Finance Deal Awarded EMEA Power Deal of the Year 2012 by Project Finance Magazine

Project Finance Magazine has named the Ashdod and Ramat HaNegev financing as the EMEA Power Deal of the Year 2012. HFN advised the syndicate of lenders (arranged by Bank Leumi Le-Israel), in this complex and innovative transaction which saw two separate cogeneration power plants financed as part of a single financing transaction.This structure required unique solutions to the problems created by multiple borrowers in different locations and resulted in a complex mutual support mechanism between the projects.

Mark Phillips and Adam Eytan, joint heads of the Project Finance department, accepted the award at a ceremony in London