Bond advises SAA on financing facility

BOND has assisted Credit Agricole Corporate & Investment Bank on all Dutch legal aspects of a new true sale receivables purchase programme for an international supply chain logistics and warehousing service provider. Other advisors involved were Herbert Smith Freehills (Paris) (lead counsel to the purchaser), Milbank (lead counsel to the sellers) and NautaDutilh(Dutch local counsel to the sellers).

On 23 June 2023 EBS won the Zaanstreek-Waterland Concessie 2024-2038. EBS (Egged Bus Systems) is a Dutch regionally operating public transportation company, which was founded in 2010 as a subdivision of the Israeli Egged Group. In addition to the new concession, EBS  provides public bus transportation services in three other concessions: region IJssel-Vecht, region Voorne-Putten & Rozenburg and region Haaglanden Streek.

Bond has advised ING and Rabobank on the contract documentation and all other legal aspects of the interest rate swaps in relation to the financing of the geothermal project HVC Aardwarmte Maasdijk and Warmte Netwerk Westland. This is the largest Dutch geothermal project so far. This project will contribute 45 MWth – 60 MWth to the sustainable heat supply for approximately 80 growers, which occupies a large portion of the southwest part of Westland. This is comparable to the heat demand of 50,000 households. With geothermal energy as a sustainable heat source for cultivators and households, the geothermal energy sector contributes to the reduction of CO2 emission in the Netherlands as agreed in the Climate Deal.