Genergíabio Corrientes S.A.’s $43.2 Million Loan


Dentons, Tanoira Cassagne, Clifford Chance and Perez Alati, Grondona, Benites & Arnsten advised on the transaction


Genergíabio Corrientes S.A., BAS Project Development 2, S.L. y Papelera Mediterránea S.A. secured a $43,2 Million Loan form CIFI (lender and arranger), Banco Ciudad de Buenos Aires, Banco Itaú Argentina and Compañía Española de Financiación del Desarrollo COFIDES, in order to finance the construction of an 18 MW Biomass Plant located in the province of Corrientes, Argentina.

In Spain, Dentons advised Genergíabio Corrientes S.A., BAS Project Development 2, S.L. and Papelera Mediterránea S.A. with a team including Jabier Badiola Bergara, Luis Maiz Lopez Tejón and Juan Sampedro.

Tanoira Cassagne advised Genergíabio Corrientes S.A., BAS Project Development 2, S.L. and Papelera Mediterránea S.A. with Rafael Algorta, Alexia Rosenthal, Francisco Uriburu Pizarro and Ignacio Criado Díaz.

Clifford Chance has advised a syndicate of banks consisting of CIFI (lender and arranger), Banco Ciudad de Buenos Aires, Banco Itaú Argentina and Compañía Española de Financiación del Desarrollo COFIDES with a team including José Guardo, head of the Spanish Banking and Finance practice area, Epifanio Pérez, partner of the Banking and Finance practice area, and the associates Eduardo Sánchez, Gabriel Miranda and Beatriz González from the Madrid office, and Jessica Springsteen and Eli Keene from the Washington office.

In Argentina, Perez Alati, Grondona, Benites & Arnsten advised the lenders with Santiago Daireaux, Manuel Benites, Guillermo Quiñoa, Tomás Pérez Alati, Ignacio Payarola, Tomás Fernández Madero and Facundo Fernández Santos.

Perez Alati, Grondona, Benites & Arnsten advised also Banco de la Ciudad de Buenos Aires – acting as security agent – with Diego Serrano Redonnet and Danilo Parodi Logioco.

Involved fees earner: Rafael José Algorta – Tanoira Cassagne; Francisco Uriburu Pizarro – Tanoira Cassagne; Alexia Rosenthal – Tanoira Cassagne; Ignacio Criado Díaz – Tanoira Cassagne; Jabier Badiola Bergara – Dentons; Luis Máiz – Dentons; Manuel Benites – Pérez Alati, Grondona, Benites & Arntsen; Guillermo Quiñoa – Pérez Alati, Grondona, Benites & Arntsen; Ignacio Payarola – Pérez Alati, Grondona, Benites & Arntsen; Santiago Daireaux – Pérez Alati, Grondona, Benites & Arntsen; Tomás Perez Alati – Pérez Alati, Grondona, Benites & Arntsen; Tomás Fernández Madero – Pérez Alati, Grondona, Benites & Arntsen; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites & Arntsen; Danilo Parodi Logioco – Pérez Alati, Grondona, Benites & Arntsen; José Guardo – Clifford Chance; Epifanio Perez – Clifford Chance; Eduardo Sánchez – Clifford Chance; Jessica Springsteen – Clifford Chance; Eli Keene – Clifford Chance;

Law Firms: Tanoira Cassagne; Dentons; Pérez Alati, Grondona, Benites & Arntsen; Clifford Chance;

Clients: Banco Itaú Argentina S.A.; Banco Ciudad de Buenos Aires; Corporación Interamericana para el Financiamiento de Infraestructura S.A.; Compañía Española de Financiación del Desarrollo, S.A. (Cofides); Genergíabio Corrientes S.A.; BAS Project Development 2, S.L.; Papelera Mediterránea S.A.;