Inversiones Latin America Power Ltda’s $412 Million Notes


Barros, Silva, Varela & Vigil, Carey, Norton Rose Fulbright and Winston & Strawn advised on the transaction

Inversiones Latin America Power Ltda. (LAP), finalized the offering – in NY – of $412 Million 5,35% notes due to 2033.

Inversiones Latin America Power Limitada (ILAP) owns two windfarms in Chile whose revenues are mainly derived from power purchase agreements (PPAs).

American General Life Insurance Company; The Variable Annuity Life Insurance Company; Allianz Life Insurance Company of North America; C. M. Life Insurance Company; The Guardian Life Insurance Company of America; Massachusetts Mutual Life Insurance Company; American Equity Investment Life Insurance Company; The United States Life Insurance Company in the City of New York; Teachers Insurance and Annuity Association of America; Migdal Insurance Company; Migdal Makefet Pension and Provident Funds; Ensign Peak Advisors; American General Life Insurance Company y Clifton Park Capital Management acted as initial purchasers.

Barros, Silva, Varela & Vigil advised Inversiones Latin America Power Ltda. with Fernando Barros V. (Picture) Juan Francisco Varela E., Josefina Castro U. and María Jesús Hernández G.

Norton Rose Fulbright advised the investors with Marwan Azzi, Clare Karabarinde, Keith Lee Gordon and Vincent El Hayek.

Winston & Strawn advised the investors with Claude Serfilippi.

Involved fees earner: Fernando Barros V. – Barros Silva Varela & Vigil; Josefina Castro U. – Barros Silva Varela & Vigil; María Jesús Hernández G. – Barros Silva Varela & Vigil; Francisco Varela E. – Barros Silva Varela & Vigil; Felipe Moro – Carey; Patricia Silberman – Carey; Matías Vergara – Carey; Fernando Noriega – Carey; Loreto Ribera – Carey; María José Martínez – Carey; Patricia Montt – Carey; Valentina Vizcay – Carey; Manuel Alcalde – Carey; Carmenmaría Poblete – Carey; Sophia Bobadilla – Carey; Marwan Azzi – Norton Rose Fulbright; Clare Karabarinde – Norton Rose Fulbright; Keith Lee Gordon – Norton Rose Fulbright; Vincent El Hayek – Norton Rose Fulbright; Claude Serfilippi – Winston & Strawn;

Law Firms: Barros Silva Varela & Vigil; Carey; Norton Rose Fulbright; Winston & Strawn;

Clients: Migdal Insurance and Financial Holdings Ltd.; Teachers Insurance and Annuity Association of America; American General Life Insurance Company; Inversiones Latin America Power Ltda; Variable Annuity Life Insurance Company; Allianz Life Insurance Company of North America; C.M. Life Insurance Company Inc. ; Massachusetts Mutual Life Insurance Company ; American Equity Investment Life Insurance Company; Clifton Park Capital Management;