Albanesi Energía’s $395 Million Financing for the construction of Arroyo Seco Power Plant


Clifford Chance, Salaverri, Burgio & Wetzler Malbrán and Skadden advised on the deal

Albanesi Energía S.A. and its subsidiary Generación Centro S.A. secured a $395 million Loan for the construction of de la Arroyo Seco cogeneration power plant and to refinance the development of Timbúes’ project.

UBS AG Stamford Branch, BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Inversión y Comercio Exterior S.A. and Credit Suisse AG (Cayman) acted as lenders and Credit Suisse AG, London Branch acted as administrative agent.

Albanesi S.A., together with its subsidiaries, engages in the generation and sale of electrical energy in Argentina. It operates thermoelectric, fuel, and gas oil power plants with an installed capacity of approximately 887 megawatts.

Clifford Chance advised Albanesi Energía S.A. and Generación Centro S.A. with Fabricio Longhin, Guido Liniado and Nicolás Rodríguez Gaziglia.

In Buenos Aires, Salaverri, Burgio & Wetzler Malbrán advised Albanesi Energía S.A. and Generación Centro S.A. with Roberto Lizondo (Picture), Marcos G. Linares, Justina Richards, Natalia Ostropolsky and Victoria Farji.

Skadden, Arps, Slate, Meagher & Flom advised the lenders with Alejandro González Lazzeri, Nicolás Pérez Sierra and María Paula Lusich Marinoni.

Involved fees earner: Roberto Lizondo – Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Marcos Linares – Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Justina Richards – Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Natalia Martina Ostropolsky – Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Victoria Farji – Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Nicolas Perez Sierra – Skadden Arps Slate Meager & Flom; Maria Paula Lusich Marinoni – Skadden Arps Slate Meager & Flom; Fabricio Longhin – Clifford Chance; Guido Liniado – Clifford Chance; Nicolas Rodriguez Gaziglia – Clifford Chance;

Law Firms: Salaverri, Dellatorre, Burgio & Wetzler Malbrán; Skadden Arps Slate Meager & Flom; Clifford Chance;

Clients: Credit Suisse; BACS Banco de Crédito y Securitización; Banco Hipotecario S.A.; Banco de Inversión y Comercio Exterior S.A.; Albanesi S.A.; UBS AG;

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Author: Ambrogio Visconti