Los Guindos Generación SpA’s $135 Million Refinancing

Morales & Besa, Mayer Brown, Garrigues, Barros & Errázuriz and Moraga & Cía advised on the transaction

Los Guindos Generación SpA secured a $135 Million Loan from The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation and Natixis, New York Branch. The company also secured a $17.7 Million Loan to finance the Value Added Tax from Banco BICE.

Proceeds will be used to refinance existing debts and in order to finance the expansion of the plant.

Los Guindos Generación SpA is a special purpose vehicle established for the operation of the 139MW Los Guindos combined cycle thermal power plant, located in the municipality of Cabrero, in southern Chile’s Biobío region. The company was established by Inprolec.

The expansion of the thermal plant includes the construction of a second dual generating unit and a steam turbine.

Morales & Besa advised Los Guindos Generación SpA with José Miguel Carvajal (Picture), Myriam Barahona, Francisca Pérez, Ignacio Delpino, James Channing, Paulo Quinteros, Gonzalo Machuca and Aurora Muñoz.

Mayer Brown advised The Bank of Tokyo-Mitsubishi UFJ, Ltd. Sumitomo Mitsui Banking Corporation and Natixis, New York Branch with Robert Goldberg, Pamela Sackmann, Sean Kulkarni, Valentina Castillo and Andrew Houlin.

In Chile, Garrigues advised the banks with Pedro García Morales, Francisco Irarrázaval, Antonio Morales and Federico Espinosa.

Barros & Errázuriz advised Banco BICE with Francisco de la Barra, Verónica Simonet, Nicole Ubal, José Miguel Poblete and Joaquín Uauy.

Moraga & Cía advised Inprolec S.A. with Álvaro Moraga and Javier Moraga.

Involved fees earner: Alvaro Moraga – Moraga & Cía; Javier Moraga – Moraga & Cía; Francisco de la Barra – Barros & Errázuriz Abogados; Verónica Simonet – Barros & Errázuriz Abogados; Nicole Ubal – Barros & Errázuriz Abogados; José Miguel Poblete – Barros & Errázuriz Abogados; José Miguel Carvajal – Morales & Besa; Myriam Barahona – Morales & Besa; Paulo Quinteros – Morales & Besa; Gonzalo Machuca F. – Morales & Besa; Aurora Muñoz – Morales & Besa; Francisca Pérez – Morales & Besa; James Channing – Morales & Besa; Robert Goldberg – Mayer & Brown; Pamela Sackmann – Mayer & Brown; Sean Kulkarni – Mayer & Brown; Valentina Castillo – Mayer & Brown; Andrew Houlin – Mayer & Brown; Pedro García Morales – Garrigues; Antonio Morales Mutis – Garrigues; Federico Espinosa Fernández – Garrigues; Francisco Irarrázaval Armendáriz – Garrigues;

Law Firms: Moraga & Cía; Barros & Errázuriz Abogados; Morales & Besa; Mayer & Brown; Garrigues;

Clients: Natixis; Sumitomo Mitsui Banking Corporation; Bank of Tokyo Mitsubishi UFJ; Banco BICE; Los Guindos Generación SpA; Inprolec S.A.;

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Author: Ambrogio Visconti.