Stadtwerke Frankfurt (Oder)

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Situational Analysis

Stadtwerke Frankfurt (Oder) GmbH, a municipal utility in eastern Germany, required a €21.8m debt financing in order to buy back a combined heat and power plant (50 MWe/ 100 MWt) and a district heating station (135 MWt).

Both assets were originally financed via a closed-end fund structure containing a put-option for the funds which was finally executed after a holding period.

Two banks led the transaction and provided three unsecured senior term loans.

Fieldstone Role

Fieldstone acted as exclusive financing advisor to Stadtwerke Frankfurt (Oder) GmbH in developing, structuring and executing the transaction.