Clifford Chance has advised Recurrent Energy, a subsidiary of the publicly traded developer and owner of solar and energy storage assets, Canadian Solar Inc., on the negotiation of a USD 415 million multicurrency loan to value financing for the repayment of existing debt and general corporate purposes.

Banco Santander, Intesa Sanpaolo, Rabobank and Morgan Stanley granted the financing, which was governed by English law.

The Clifford Chance team was led by Global Financial Markets partner José Guardo, working together with senior associate Pablo Cancelo and associate Ana de la Torre, with the support of Clifford Chance's offices in Amsterdam, Perth and New York.

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