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.
About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co, founded on a century of legal achievements, is one of India's leading full-service law firms. The Firm's mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance, and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 812 lawyers including 164 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.