Noerr has once again advised the European Investment Bank (EIB) on a corporate financing matter. The housing association VIVAWEST from North Rhine-Westphalia is being granted a credit line of €100 million by the EIB. The funds are secured via the European Fund for Strategic Investments (EFSI).
VIVAWEST will use the credit line to build around 900 homes in various cities and municipalities in North Rhine-Westphalia, constructing low-energy homes that meet the KfW 55 standard. The credit line can be drawn down in several tranches and has a maximum term of 13 years.
Tom Beckerhoff and Michael Schumacher advised the EIB on the financing transaction. These two finance partners regularly advise the EIB on corporate and project financing. Clients advised by Noerr’s finance practice group, which has around 25 advisors, include numerous banks, insurance companies, pension funds, financial services providers and other companies.
Advisors to the European Investment Bank: Noerr LLP
Dr Tom Beckerhoff, Michael Schuhmacher, LL.M. (both Finance, Frankfurt)
European Investment Bank: Dr Christoph Diesel
The original press release can be found here on Noerr’s website.