Alter5

Platform · Project finance

Project finance for projects in development, under construction or in operation

  • Project debt capacity
  • Structure: senior, construction bridge or junior
  • Lenders whose investment criteria match the transaction: banks, infrastructure funds and insurers

Working from the financial model, the platform sizes the project's debt capacity and compares the available structures.

Access the platformSee the 6 steps ↓

The process

A single analysis process

The platform extracts the data and runs the calculations. The Alter5 team reviews the analysis and the proposed structure, and the sponsor decides at each step.

  1. STEP 01

    Project documentation

    The sponsor uploads the due diligence report, financial model and project contracts. The platform extracts the financial data for each plant.

    Automatic extraction; the sponsor reviews every field before continuing.

    Platform — project documents analysed
  2. STEP 02

    Financeable debt, returns and coverage

    The platform calculates the financeable senior debt, project and equity IRR, leverage and debt service coverage under the PPA and at market prices.

    Financing sources broken down: equity, senior debt and junior debt.

    Platform — financeable debt, IRR, leverage and DSCR of the project
  3. STEP 03

    Comparison of debt structures

    The platform compares the structures available to the project: senior project finance, construction bridge and junior debt at HoldCo level.

    Indicative pricing.

    Platform — comparison of debt structures
  4. STEP 04

    Selection of structures for distribution

    The sponsor selects one or more structures, and Alter5 prepares the transaction documentation for lenders.

    Distribution requires the sponsor's confirmation.

    Platform — selection of the structures to be distributed
  5. STEP 05

    Distribution to banks, funds and insurers

    Alter5 presents the transaction to the lenders whose investment criteria match the type of financing sought.

    More than 200 registered institutional investors.

    Platform — distribution to banks, debt funds and insurers
  6. STEP 06

    Term sheets and distribution tracking

    The sponsor's dashboard shows the lenders reviewing the transaction and the proposals received.

    Distribution window visible on the sponsor's dashboard.

    Platform — term sheets received and distribution tracking

After structuring

From structure to closing, with the Alter5 team

Analysis and structuring form the first stage.

Phase 02 · Distribution

Distribution

Alter5 presents the transaction, without identifying the sponsor, to these lenders:

  • Banks active in project finance
  • Infrastructure debt funds
  • Insurers and pension funds
  • Public financial institutions
  • Distribution tracking from the sponsor's dashboard

Phase 03 · Closing

Closing

Alter5 reviews the term sheets with the sponsor and coordinates the process through to signing.

  • Term sheet comparison
  • Coordination between the parties
  • Transaction management through to signing
Confidential
Project information is not distributed without the sponsor's express authorisation.
Validation and oversight
The sponsor validates the extracted data, with a named Alter5 lead throughout the process. The lender grants the loan following its own analysis.
Data source
The information comes from the documentation provided by the sponsor.
European Investment Fund
Alter5 works with the European Investment Fund on several of its programmes under the European Commission's InvestEU programme.

Platform access

Project assessment

A confidential assessment of the project. No upfront cost; a success fee is payable only if the transaction closes.

Initial documentation

The project's financial model and due diligence report.

Access the platform

For banks, debt funds and insurers: Project finance for lenders