Project Finance

Growth requires capital, and there are many ways to access it. Expanding capacity, building a new plant, generating your own energy, investing in logistics: projects of different sizes can be financed based on the project itself and the cash flow it generates. Ultimately, the quality of the legal structure is what determines whether a transaction is feasible.

We advise borrowers and sponsors, from growing companies to large corporate groups. We also represent lenders and investors. Our team structures project financings and credit facilities, both domestic and cross-border, guiding clients from the design of the financing structure through funding and disbursement, while negotiating with banks, multilateral institutions, and other financing sources. Our support continues throughout the life of the transaction, including refinancings, waivers, and debt restructurings.

In project finance transactions, a well-designed structure can reduce the cost of capital, accelerate closing, and provide greater certainty of returns. With KLA, all parties involved benefit from a team experienced in complex transactions and the integrated expertise of a full-service law firm. Strong legal structuring. Capital made possible.

SERVICES

Legal Structuring and Feasibility

  • Legal due diligence focused on the financing structure, security package, and key project agreements
  • Assessment of legal feasibility, conditions precedent, and funding requirements
  • Coordination of regulatory, tax, environmental, real estate, and corporate matters with specialized teams

 

Project Structure and Documentation

  • Structuring of special purpose vehicles (SPVs), shareholders’ agreements, and joint ventures
  • Alignment of project agreements with lenders’ requirements
  • Risk analysis and allocation
  • Identification, assessment, and allocation of legal and contractual risks relevant to the financing

 

Financing Sources

  • Bilateral, syndicated, and structured bank financings
  • Financings involving development banks, multilateral institutions, and other funding sources
  • Debt financings through commercial notes, debentures, and other debt instruments, in coordination with our capital markets team
  • Cross-border financings, including transactions governed by foreign law

 

Finance Documents and Security Package

  • Drafting and negotiation of financing agreements, loan documents, and related finance documents
  • Structuring and perfection of security interests and fiduciary guarantees
  • Account management agreements, shareholder support arrangements, and intercreditor agreements
  • Structuring of revenue control mechanisms, escrow accounts, and payment waterfalls
  • Negotiation of direct agreements and lenders’ step-in rights
  • Implementation of collateral packages, registrations, and satisfaction of conditions precedent

 

Post-Financing and Restructuring

  • Monitoring of covenants, contractual obligations, and disbursement conditions
  • Amendments, waivers, consents, and refinancings
  • Debt reprofiling and restructuring
  • Renegotiation, release, and enforcement of security interests and guarantees

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