Linklaters advises on the refinancing of Allego
Allego, one of the leading pan-European public electric vehicle fast and ultrafast charging networks, has announced the successful expansion of its credit facility by €230m to €400m. The new facility expires in December 2027.
Available to finance green investments in compliance with the Green Loan Principles, the new facility will allow Allego to continue and achieve its growth plan and to support its backlog of signed contracts. With more than 34,000 operational charging ports throughout Europe, and the significant increase of orders during the third quarter of 2022, Allego continues to develop the largest European public EV fast-charging network.
Linklaters advised Société Générale as structuring bank and the lenders on the facility, with a team composed of Energy and Infrastructure partner Darko Adamovic, associate Etienne Paletto, and associate Farida Ouriachi.
The offices of Linklaters in Amsterdam, Brussels and Frankfurt were also involved in some aspects of the transaction.