White & Case advises banking syndicate on Neoen’s €750 million rights issue

Global law firm White & Case LLP has advised a banking syndicate including J.P. Morgan SE, Natixis and Société Générale as global coordinators, joint lead managers and joint bookrunners, and BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC Continental Europe and Barclays Bank Ireland PLC as joint bookrunners, on Neoen's €750 million share capital increase, with shareholders' preferential subscription rights, of Neoen.

The proceeds of the capital increase, which was launched on March 10, 2023 will be used by Neoen to achieve its capacity target of at least 10 GW under construction or in operation by 2025.

White & Case previously advised the banking syndicate on Neoen’s €600 million rights issue in April 2021 and its first European green convertible bonds in June 2020.

Founded in 2008, Neoen is the leading French independent producer of renewable energy and is listed in Compartment A of the regulated market of Euronext Paris.

The White & Case team in Paris which advised on the transaction was led by partners Séverin Robillard and Thomas Le Vert and included partners Max Turner and Alexandre Ippolito, counsel Tatiana Uskova and associates Julien Gerson, Jaime Lee and Sarah Kouchad.

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