Linklaters advises Osprey Charging on landmark financing package to help drive the UK’s decarbonisation ambitions

Linklaters has advised Osprey Charging on its £110 million debt raise. Cube Infrastructure and Investec-backed Osprey is one of the UK’s largest owners of public electric vehicle (EV) charging points. The debt facilities are provided by a group of financial institutions including Novuna Business Finance (Hitachi Capital), Société Générale, Aldermore and the UK Government’s National Wealth Fund.

This financing represents a landmark transaction for the rapidly maturing EV charging sector and supports Osprey’s mission to accelerate the rollout of reliable, super-fast EV charging hubs at key locations across the UK.

The Linklaters team was led by Energy & Infrastructure partner Ross Schloeffel, with managing associate Imogen Ormerod and associates Clarissa Wei and Paras Marya.

Ross Schloeffel comments:

“We are delighted to have advised Osprey on this landmark financing – among the first for EV charging businesses globally. Bringing together UK and international financial institutions, the success of the financing highlights the growing maturity of the EV Charging sector and its emergence as critical infrastructure in the UK and beyond.”

Linklaters continues to act as a leading law firm for debt finance in the energy and infrastructure sector, advising on innovative and complex financings for sponsors, lenders and investors across the globe.

Recent highlights of Linklaters’ work in the electric vehicle sector include:

• Advising Société Générale as structuring bank and the lenders on the refinancing of Allego.
• Advising BlackRock Global Renewable Power platform on investment in charging network company IONITY.
• Advising the Lenders and Export Credit Agencies in relation to the £1.036bn financing of AESC's new 15.8GWh electric vehicle battery gigafactory in Sunderland, UK.
• Advising Meridiam on its partnership with Carrefour for the deployment of electric vehicle charging stations in France.
• Advising Powerdot in the €100 million investment by Antin Infrastructure Partners and Arié.
• Advising the European Investment Bank and the commercial lenders on the financing of the construction of Verkor's first electric battery Gigafactory located in Dunkirk, which will have an initial production capacity of 16 GWh per year and a total amount of 1.3 billion euros.
• Advising ACC on one of the largest debt financings ever in Europe in the automobile sector, securing €4.4 billion in loan facilities to finance the development of three EV battery gigafactories in Europe.