Larrain y Asociados and Urrejola y Cía advised on the transaction
Banco Consorcio completed the negotiation, documentation and the closing of a restructuring of a project financing granted to Hidroeléctrica Embalse Ancoa SpA (the “Debtor”) in 2015.
Ancoa SpA operates a run-of-river hydroelectric plant, with a nominal power of approximately 27 MW, which uses the waters of the Ancoa Reservoir, located in Linares, Maule Region.
The restructuring of the financing consisted of the rescheduling of its payment terms, for an approximate amount of US$30,000,000, as well as the setting of certain additional terms and conditions to those contemplated in the current financing contract.
Larrain y Asociados advised Banco Consorcio with Patricio Montes (Picture) Diego Garay and Teresita Vinagre.
Urrejola y Cía advised Hidroeléctrica Embalse Ancoa SpA with Macarena Sinn Rosende