Latham & Watkins Advises Kinland on Extending Senior Bank Term Facilities and Securing New Capex Commitments

Latham & Watkins has advised Kinland AS on the successful amendment and extension of senior bank term facilities totalling NOK 2 billion from a consortium of leading European banks and institutional infrastructure debt investor, supported by PATRIZIA Infrastructure. The amendment and extension process was supported by an indicative credit rating exercise, which resulted in an Investment Grade rating for Kinland’s debt, and includes new drawn and undrawn debt commitments in support of Kinland’s further growth ambitions. Moreover, the debt extension ensures maturity alignment with NOK 1.9 billion of existing longer-maturity senior institutional debt facilities carrying fixed-rate coupons viewed as highly competitive in today’s interest rate environment.

The Latham team was led by London infrastructure partner Conrad Andersen, with associates Amanda Fortuna, Maurice Stewart, and Luca Credentino.