Frankfurt/Main – QUARTERBACK Immobilien AG has entered into a EUR 125 million credit agreement with Deutsche Bank AG. The agreed loan will be used for acquiring renewable energy projects at an advanced stage of development, with a focus on solar. This will support the expansion of QUARTERBACK’s renewable energy business. The credit line will enable the energy developer to rapidly progress solar projects with power generation potential totalling around two gigawatts. These projects will then be sold to institutional equity investors. The initial funding has already been paid out and allocated.
A CMS team headed by lead partner Dr Markus Pfaff advised QUARTERBACK on all legal aspects of the project financing.
Leipzig-based QUARTERBACK Immobilien AG specialises in project development and realisation, property maintenance, portfolio expansion, administration and facility management. In the renewable energy space, the company develops large-scale solar plants for institutional investors, energy service providers and for its own power generation needs. It currently has a pipeline of around five gigawatts. CMS partner Dr Jochen Lux has been advising the QUARTERBACK Group for some time now on the acquisition and sale of development projects involving real estate and new energy.
CMS Germany
Dr Markus Pfaff, Lead Partner
Dr André Frischemeier, Partner
Hatice Akyel, Counsel
Thomas Schaak, Senior Associate, all Banking & Finance
Press Contact
presse@cms-hs.com
