Media & Events
Shardul Amarchand Mangaldas advises Continuum Energy Aura Pte. Ltd on the issuance of senior secured notes equivalent to USD 435 Million
August 30, 2023
Shardul Amarchand Mangaldas advised Continuum Green Energy Aura Pte Ltd, a subsidiary of Continuum Green Energy Limited, on the issuance of senior secured notes amounting to USD 435 Million. The Notes, bearing a coupon rate of 9.50% and due in 2027, have been successfully listed on the Singapore Exchange Securities Trading Limited (SGX).
Continuum is a renewable energy group based out of India, focusing on large-scale wind farms which can be co-located with solar photovoltaic (PV) installations. Founded in 2009, Continuum is one of the largest suppliers of renewable energy to the category of C&I or commercial and industrial customers in India with an operating capacity of 1,299.8 MW.
The transaction team was led by Prashant Gupta, Partner and National Practice Head; Shubhangi Garg, Partner; Sandeep Grewal, Associate; and Purva Anand, Associate.
The tax team was led by Gouri Puri, Partner.
The project team was led by Rupal Panganti, Senior Associate and Anjuli Hora, Associate.
Linklaters Singapore Pte. Ltd. advised the issuer on the US and Singapore legal aspects.
Ashurst LLP and Talwar Thakore & Associates advised the Deutsche Bank AG, Singapore Branch, Emirates NBD Bank P.J.S.C., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, J.P. Morgan Securities Asia Private Limited, Citigroup Global Markets Singapore Pte. Ltd. and Standard Chartered Bank (Singapore) Limited (Initial Purchaser) on the US and Indian legal aspects, respectively.
