Freshfields Bruckhaus Deringer has advised Electricity North West (ENW) and its holding company North West Electricity Networks (NWEN) on the refinancing by NWEN of the acquisition debt incurred during its acquisition of ENW. The refinancing was the first securitisation of a holding company and was structured to be as efficient as possible within the Office of the Gas and Electricity Markets (Ofgem) regulations. Linklaters represented the bank involved in the transaction, HSBC.
July 22 2009