Helius closes on Rothes biomass | Project Finance Page 1 of 1

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Helius closes on Rothes biomass

15 April 2011

Helius Energy has closed debt and equity financing for its £60.5 million ($98.8 million) Helius CoRDe whisky waste-
fired biomass plant in Rothes, Scotland. The lead arrangers of the £42.4 million in debt are Lloyds and Royal Bank of
Scotland. Helius is contributing £4.2 million in additional cash equity, on top of the £4.6 million that it and its joint
venture partner CoRD have spent on development.

The sponsor brought in an equity commitment to the project from Rabo Project Equity, which will hold 44.7% minus
one share to Helius' 50% plus one share and CoRD 5.3%. CoRD, or Combination of Rothes Distillers, is a group of
distillers comprising Ben Riach Distillery, Pernod Ricard's Chivas Brothers, The Edrington Group, Campari's Glen
Grant Distillery, ThaiBev's Inverhouse Distillers, Diageo, and Bacardi's John Dewar & Son.

The project involves building a combined heat and power plant that runs on solid residues from the distilling process
and wood to generate 7.2MW and pot ale syrup, which can be used as animal feed. It is set to be commissioned in the
third quarter of 2012, and be online in the first half of 2013.

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http://www.projectfinancemagazine.com/Article/2808523/Sectors-Renewables/Helius-clos... 4/18/2011