IC Power’s Refinancing of a Credit facility for Central Térmica Cardones S.A.

Carey and Garrigues advised on the transaction

IC Power completed the refinancing of a 2011 credit facility for Central Térmica Cardones S.A. The new loan has been granted to the company by the acquisition by Banco Santander Chile of the existing credit facilities of Banco de Crédito e Inversiones and Itaú Corpbanca.

Central Térmica Cardones S.A. operates as a subsidiary of Israeli energy company IC Power Ltd.

Carey advised IC Power with Felipe Moro (Picture) and Loreto Ribera.

Garrigues advised Banco Santander Chile with Pedro García (Picture), Antonio Morales Mutis and Sofía Duralde Manns.

Involved fees earner: Felipe Moro – Carey; Loreto Ribera – Carey; Pedro García Morales – Garrigues; Antonio Morales Mutis – Garrigues; Sofía Duralde Manns – Garrigues;

Law Firms: Carey; Garrigues;

Clients: IC Power; Banco Santander Chile;

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Author: Ambrogio Visconti.