Harneys advises BMR Energy Ltd. on closing second tranche of its US$88 million credit facility

Harneys provided BVI law advice to BMR Energy Ltd. on closing the second tranche of its US$88 million credit facility with CIBC FirstCaribbean International Bank (FCIB) and National Commercial Bank Jamaica Limited as joint lenders and FCIB as lead arranger.

BMR Energy is a developer and owner of renewable energy assets in the Caribbean and Central America and is a business segment of Virgin Investments.

The Harneys team comprised Josh Mangeot, Edward Lacey, and Melissa Thomas.

Harneys' Banking and Finance lawyers have decades of experience in offshore credit and security legal issues relating to debt finance, including loan finance, debt issuance, lease financing, shariah compliant finance, distressed debt, and enforcement of security and derivatives. The team is regularly instructed in respect of multi-billion dollar debt finance transactions involving top international banks. Their areas of speciality include trade finance law, debt restructuring, property and acquisition finance, development finance, international debt issues, and derivatives transactions.