Petroquímica Comodoro Rivadavia S.A.’s $108 Million Loan


Clifford Chance, Bruchou, Fernández Madero & Lombardi, Cleary Gottlieb Steen & Hamilton, Salaverri, Burgio & Wetzler Malbrán, Hinckley, Allen & Snyder and Tanoira Cassagne Abogados advised on the transaction.


Petroquímica Comodoro Rivadavia S.A. secured a $108 Million Credit Facility from IDB Invest, KfW Group, KfW IPEX-Bank GmbH and EKF Denmark’s Export Credit Agency.

Proceeds will be used to finance Bicentenario wind farm.

The construction of the so-called Bicentinario wind farm will be backed by about USD 58 million from KfW, while the remaining USD 50 million will be extended by IDB Invest, the private sector arm of the IDB Group.

The loan will also support the export of technology and know-how from Europe as the plant will be equipped with hardware supplied by Denmark’s Vestas Wind Systems A/S (CPH:VWS).

Citibank N.A. acted as security agent on the deal.

Clifford Chance advised IDB Invest with Catherine McCarthy (Picture), Jessica Springsteen and Greg Jehle.

Bruchou, Fernández Madero & Lombardi advised IDB Invest with Analía Battaglia, Daniela Rey, Ignacio Minorini, Andrés Martín Chester, Sofía Gallo, Cristian Darío Ragucci, Pablo Muir, Eliana Hougassian and Carolina Unrrein.

Cleary Gottlieb Steen & Hamilton advised Petroquímica Comodoro Rivadavia S.A. with Socia Chantal Kordula, Emilio Minvielle, Carina Wallance and Amber Payne.

Salaverri, Burgio & Wetzler Malbrán advised Petroquímica Comodoro Rivadavia S.A. with Tomás Arnaude, Elena Sozzani, Pablo Fernández Pujadas, Santiago Freyre, Marcos Linares, Justina Richards and César Facundo Lombardi.

In US, Hinckley, Allen & Snyder advised Citibank N.A. with Jonathan Winnick.

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

Involved fees earner: Jonathan Winnick – Hinckley, Allen & Snyder; Ignacio Minorini Lima – Bruchou, Fernández Madero & Lombardi; Daniela Rey – Bruchou, Fernández Madero & Lombardi; Analía Battaglia – Bruchou, Fernández Madero & Lombardi; Andrés Chester – Bruchou, Fernández Madero & Lombardi; Sofía Gallo – Bruchou, Fernández Madero & Lombardi; Tomás Arnaude – Salaverri, Burgio & Wetzler Malbrán; Elena Sozzani – Salaverri, Burgio & Wetzler Malbrán; Marcos Linares – Salaverri, Burgio & Wetzler Malbrán; Justina Richards – Salaverri, Burgio & Wetzler Malbrán; Pablo Fernandez Pujadas – Salaverri, Burgio & Wetzler Malbrán; Santiago Freyre – Salaverri, Burgio & Wetzler Malbrán; Alexia Rosenthal – Tanoira Cassagne; Ignacio Criado Díaz – Tanoira Cassagne; Chantal Kordula – Cleary Gottlieb Steen & Hamilton; Emilio Minvielle – Cleary Gottlieb Steen & Hamilton; Carina Wallance – Cleary Gottlieb Steen & Hamilton; Amber Payne – Cleary Gottlieb Steen & Hamilton; Catherine McCarthy – Clifford Chance; Jessica Springsteen – Clifford Chance; Greg Jehle – Clifford Chance;

Law Firms: Hinckley, Allen & Snyder; Bruchou, Fernández Madero & Lombardi; Salaverri, Burgio & Wetzler Malbrán; Tanoira Cassagne; Cleary Gottlieb Steen & Hamilton; Clifford Chance;

Clients: Citibank; Petroquímica Comodoro Rivadavia SA; IDB Invest;