Rockville Capital’s $100 Million Senior Secured Credit Facility

White & Case and Prieto Abogados advised Rockville Capital and certain of its subsidiaries in the transaction.
Milbank and Garrigues advised Natixis, New York Branch.
Garrigues also advised Banco de Inversión y Comercio Exterior on the transaction.

Rockville Capital announced an approximately US$100 million senior secured credit facility, the proceeds of which will be used to develop a portfolio of photovoltaic plants in Chile under the country’s special regime for distributed generation projects (the “PMGD” regime by its Spanish acronym). The PMGD regime was created in 2005 with the goal of incentivizing more distributed electricity generation in Chile and more broadly to reach Chile’s objective of carbon neutrality by 2050.

Natixis, New York Branch acted as sole bookrunner for the facility. The portfolio will initially include six PMGD projects and the financing structure provides the flexibility to add additional projects to the portfolio over time upon satisfaction of certain criteria. 

Rockville Capital is an Investment Banking firm focused on renewable energies, mining, and real estate industries.

The White & Case team was led by partners Thomas Pate (Picture) in New York and Martin Menski in DC and included associates Jacqueline Stephanie Durand in Miami and Andrew Fernandez in New York.  

Prieto Abogados advised Rockville Capital with Mario Gorziglia, Federico Rodríguez, Isabel Monge, Aníbal Larrain M., Andrés Maldini and Jorge Echeverría.

Milbank advised Natixis, New York Branch with Jaime E. Ramírez and  Nicolás Ocampo.

In Chile, Garrigues advised Natixis, New York Branch with Pedro García Morales, Antonio Morales Mutis, Francisco Irarrázaval Armendáriz and  Esteban Orhanovic.

Garrigues also advised Banco de Inversión y Comercio Exterior (BICE) with Jaime de Larraechea Carvajal, Federico Espinosa Fernández and  Vicente Milic V.

Involved fees earner: Jorge Echeverría – Baraona Marshall y Cia; Jaime de Larraechea Carvajal – Garrigues; Federico Espinosa Fernández – Garrigues; Pedro García Morales – Garrigues; Francisco Irarrázaval Armendáriz – Garrigues; Antonio Morales Mutis – Garrigues; Esteban Orhanovic de la Cruz – Garrigues; Nicolás Ocampo – Milbank LLP; Jaime Ramirez – Milbank LLP; Mario Gorziglia – Prieto; Aníbal Larrain – Prieto; Andrés Maldini – Prieto; Isabel Monge – Prieto; Federico Rodríguez – Prieto; Jacqueline Stephanie Durand – White & Case; Martin Menski – White & Case; Thomas Pate – White & Case;

Law Firms: Baraona Marshall y Cia; Garrigues; Milbank LLP; Prieto; White & Case;

Clients: Banco de Inversión y Comercio Exterior S.A.; Natixis; Rockville Capital;