Hogan Lovells advises Freepoint Eco-Systems in project finance facility with ING

The term loan facility, underwritten by ING Capital LLC ("ING"), is the first of its kind in the developing plastic reclamation space for hard-to-recycle plastic. At 180 million pounds per year of plastic waste processing capacity, the Ohio facility is one of the largest commercial scale facilities in the world, reclaiming waste plastic destined for landfills or incineration and upcycling it into a hydrocarbon-rich liquid from which customers make new products.

Freepoint Eco-Systems and its related companies are affiliates of Freepoint Commodities LLC, a global commodities merchant providing supply chain management services and eco-friendly products and solutions to its customers.

More information on the transaction can be found here.

The Hogan Lovells deal team was led by partner Christopher Doyle (M&A, New York), with support from partners Marvin Goldstein (Infrastructure, Energy, Resources & Projects, New York), Scott Reisch (Environment & Natural Resources, Denver), and Tom Boer (Environment & Natural Resources, San Francisco), counsel Stevan Nicholas (Banking & Loan Finance, New York), senior associate Gabriel Lara (Banking & Loan Finance, Washington, D.C.), and associate Nicole Chan (general Corporate & Finance, New York).