$219.5 Million Loan for Y-GEN Eléctrica S.R.L.


Estudio Beccar Varela, Shearman & Sterling, Bruchou, Fernández Madero & Lombardi, Clifford Chance, Tanoira Cassagne and Hinckley, Allen & Snyder advised on the deal.

Y-GEN Eléctrica S.R.L. and Y-GEN Eléctrica II S.R.L., owned by YPF Energía Eléctrica S.A. and General Electric International (Benelux) B.V., secured a $219 Million Loan from Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Export Development Canada.

Citibank, N.A. acted as administrative agent on the transaction.

Proceeds will be used to develop and maintain 2 power platns of 267MW in Tucumán Province.

Estudio Beccar Varela advised Y-GEN Eléctrica S.R.L., Y-GEN Eléctrica II S.R.L. and General Electric International (Benelux) B.V. with Tomás Allende (Picture) Pablo Torretta, Carlos Cueva. Asociados Felipe Videla, Ivana Grossi and Francisco Lombardi.

In US, Shearman & Sterling LLP advised Y-GEN Eléctrica S.R.L., Y-GEN Eléctrica II S.R.L. and General Electric International (Benelux) B.V. with Gregory Tan, James Ireland, Robert O’Leary and Adriana Ospina-Jiménez.

In Argentina, Bruchou, Fernández Madero & Lombardi advised Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Export Development Canada with Matías López Figueroa, Lucrecia von Petery, Andrés Chester, Belén Justiniano, Juan Ignacio Massun, Ignacio Minorini Lima, Daniela Rey, Eliana Hougassian, Pablo Andrés Crimer, Maximiliano Yudica Bartels and Sofía Arroyo Bajda.

In US, Clifford Chance LLP advised Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Export Development Canada with Catherine McCarthy, Laura Marriott, Patricio Abal, Lauran Smith, Greg Jehle and Julián Hurtado.

Tanoira Cassagne Abogados advised Citibank, N.A. New York and Citibank, N.A., Argentina with Alexia Rosenthal, Jaime Uranga and Ignacio Criado Díaz.

In US, Hinckley, Allen & Snyder advised Citibank, N.A. New York and Citibank, N.A., Argentina withJustine Clark and Jonathan R. Winnick.

Involved fees earner: Justine Clark – Hinckley, Allen & Snyder; Jonathan Winnick – Hinckley, Allen & Snyder; Matías López Figueroa – Bruchou, Ferna?ndez Madero & Lombardi; Lucrecia von Petery – Bruchou, Ferna?ndez Madero & Lombardi; Andrés Chester – Bruchou, Ferna?ndez Madero & Lombardi; Belén Justiniano – Bruchou, Ferna?ndez Madero & Lombardi; Ignacio Minorini Lima – Bruchou, Ferna?ndez Madero & Lombardi; Eliana Hougassian – Bruchou, Ferna?ndez Madero & Lombardi; Daniela Rey – Bruchou, Ferna?ndez Madero & Lombardi; Maximiliano Yudica Bartels – Bruchou, Ferna?ndez Madero & Lombardi; Pablo Andrés Crimer – Bruchou, Ferna?ndez Madero & Lombardi; Maria Sofía Arroyo Bajda – Bruchou, Ferna?ndez Madero & Lombardi; Alexia Rosenthal – Tanoira Cassagne; Jaime Uranga – Tanoira Cassagne; Ignacio Criado Díaz – Tanoira Cassagne; Tomas Allende – Estudio Beccar Varela; Pablo José Torretta – Estudio Beccar Varela; Felipe Videla – Estudio Beccar Varela; Ivana Inés Grossi – Estudio Beccar Varela; Francisco Lombardi – Estudio Beccar Varela; José Carlos Cueva – Estudio Beccar Varela; Gregory Tan – Shearman & Sterling; James Ireland – Shearman & Sterling; Robert O’Leary – Shearman & Sterling; Catherine McCarthy – Clifford Chance; Laura Marriott – Clifford Chance; Patricio Abal – Clifford Chance; Lauran Smith – Clifford Chance;

Law Firms: Hinckley, Allen & Snyder; Bruchou, Ferna?ndez Madero & Lombardi; Tanoira Cassagne; Estudio Beccar Varela; Shearman & Sterling; Clifford Chance;

Clients: Citibank; Citigroup Global Markets Ltd; General Electric (GE); Credit Suisse Securities Limited; Export Development Canada; Y-GEN Eléctrica;

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Author: Ambrogio Visconti.