Obton: CMS and Forgo, Damjanovic & Partners Facilitate K&H Bank's Solar Portfolio Refinancing
Deal News | Jan 15, 2025 | CEE Legal Matters
CMS has provided legal counsel to K&H Bank in its refinancing of the solar portfolio consisting of PV plants owned by Obton Group. These plants are situated across 15 different locations within Hungary and possess a total installed direct current capacity of 71.107 megawatts. Forgo, Damjanovic & Partners reportedly served as legal advisors to Obton Group during the deal. K&H Bank is a major commercial bank in Hungary under the ownership of the KBC Group, while Obton is a Danish company specializing in investment and development. The CMS legal team consisted of several partners and associates, while Forgo, Damjanovic & Partners' team also included partners and associates.
Sectors
- Renewable Energy
- Banking and Finance
- Legal Services
Geography
- Hungary – The solar portfolio being refinanced is located in Hungary, and K&H Bank, a Hungarian bank, is one of the main participants in the deal.
- Denmark – Obton Group, which owns the solar portfolio, is a Danish company involved in the transaction.
Industry
- Renewable Energy – The deal involves the refinancing of solar power plants, which are part of the renewable energy sector.
- Banking and Finance – K&H Bank is involved in the refinancing deal, which is a financial transaction including banking services.
- Legal Services – Legal advisory services are provided by CMS and Forgo, Damjanovic & Partners regarding the refinancing deal.
Financials
- 71.107 megawatts – Total installed DC capacity of the solar portfolio being refinanced.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| K&H Bank | Refinancing Bank | Company | A major commercial bank in Hungary, owned by the KBC Group. |
| Obton Group | Owner of Solar Portfolio | Company | Danish investment and development company, owner of the PV plants being refinanced. |
| CMS | Legal Advisor to K&H Bank | Company | An international law firm advising K&H Bank on the refinancing transaction. |
| Forgo, Damjanovic & Partners | Legal Advisor to Obton Group | Company | A legal advisory firm reportedly advising Obton Group in the refinancing. |