Dentons Advises the Mezzanine Loan Noteholders on the Largest Solar Securitisation

Dentons advises the mezzanine loan noteholders on the largest solar securitisation

Dentons has advised UK development finance institution and impact investor British International Investment, the Dutch development bank FMO and the Norwegian Investment Fund for developing countries, Norfund, acting as mezzanine loan noteholders, on Sun King’s US$156 million solar securitisation. The securitisation, the first of its kind to be majority-funded by commercial banks, enables Sun King to raise long-term local currency debt by convert…

Sun King’s $156M Securitization to Scale Clean Energy in Kenya

The Sun King deal is backed by commercial banks, bolsters local‐currency energy finance and accelerates Kenya’s off‑grid solar expansion. Sun King, a leading off‑grid solar energy provider, has closed a landmark US $156 million securitization to dramatically scale access to affordable solar energy across Kenya. The deal is structured in local currency and is the largest to take place outside of South Africa. Financing Structure and Backers The t…

Sun King Secures $156 Million for Solar Supply in Kenya

Sun King has raised $156 million through a local currency securitisation, to power up to 1.4 million low-income households and businesses across Kenya. It will accelerating access to clean, affordable solar energy, with the deal becoming one of the largest ever completed in Sub-Saharan Africa outside of South Africa. The deal marks a major step … The post Sun King Secures $156 Million for Solar Supply in Kenya first appeared on Metropol Digital.