Luz del León S.A.’s $150 Million Financing


Martínez de Hoz & Rueda and Paul Hastings LLP advised YPF Energía Eléctrica S.A. and Luz del León S.A. Tavarone, Rovelli, Salim & Miani and Norton Rose Fullbright LLP advised BNP Paribas Fortis SA/NV and United States International Development Finance Corporation (DFC). Tanoira Cassagne Abogados and Hinckley, Allen & Snyder LLP advised Citibank

Argentine power generator YPF Luz, a subsidiary of state oil company YPF, secured $150 million in loans to build a wind farm in Santa Cruz, on the country’s famously breezy southern steppes.

The company received $100 million in credits from BNP Paribas Fortis and $50 million from the U.S. International Development Finance Coroporation, YPF Luz said in a statement.

The wind farm, called Cañadón León, is expected to generate 120 megawatts of power and will create 400 jobs during its construction phase, the company said.

Martínez de Hoz & Rueda advised YPF Energía Eléctrica S.A. and Luz del León S.A. with a team including Jimena Vega Olmos (Picture).

Paul Hastings advised YPF with a team including Robert Kartheiser, Thomas Sines and Anna Barbosa

Tavarone, Rovelli, Salim & Miani advised BNP Paribas Fortis SA/NV and United States International Development Finance Corporation (DFC) with Nicolás Eliaschev, Julieta De Ruggiero, Francisco Molina Portela, Javier Constanzó, Luciana Godoy, Daiana Perrone, Beltrán Romero and Gonzalo Sanchez Lopez.

Norton Rose Fullbright advised BNP Paribas Fortis SA/NV and United States International Development Finance Corporation with Alexander Todd, Rebecca Abou-Chedid and Monica Borda-Olarte.

Tanoira Cassagne Abogados advised Citibank with Alexia Rosenthal and Ignacio Criado Díaz.

Hinckley, Allen & Snyder LLP advised Citibank with Jonathan R. Winnick.

Involved fees earner: Rebecca Abou-Chedid – Chadbourne; Jonathan Winnick – Hinckley, Allen & Snyder; Jimena Vega Olmos – Martínez de Hoz & Rueda; Mónica Borda-Olarte – Norton Rose Fulbright; Alexander Todd – Norton Rose Fulbright; Robert Kartheiser – Paul Hastings; Thomas Sines – Paul Hastings; Ignacio Criado Díaz – Tanoira Cassagne; Alexia Rosenthal – Tanoira Cassagne; Javier Constanzo – Tavarone, Rovelli, Salim & Miani; Julieta De Ruggiero – Tavarone, Rovelli, Salim & Miani; Nicolás Eliaschev – Tavarone, Rovelli, Salim & Miani; Luciana Godoy – Tavarone, Rovelli, Salim & Miani; Francisco Molina Portela – Tavarone, Rovelli, Salim & Miani; Daiana Perrone – Tavarone, Rovelli, Salim & Miani; Beltrán Romero – Tavarone, Rovelli, Salim & Miani; Gonzalo Sanchez Lopez – Tavarone, Rovelli, Salim & Miani;

Law Firms: Chadbourne; Hinckley, Allen & Snyder; Martínez de Hoz & Rueda; Norton Rose Fulbright; Paul Hastings; Tanoira Cassagne; Tavarone, Rovelli, Salim & Miani;

Clients: BNP Paribas Fortis; Citibank; U.S. International Development Finance Corporation; YPF Energía Eléctrica S.A.;

Author: Ambrogio Visconti.