Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 07-05-2012 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | El Arrayan 115MW Wind Farm, Chile | Industry: | Alternative Energy |
| Description: |
Milbank, Tweed, Hadley and McCloy LLP represented a group of international lenders in providing USD225 million in financing for the development of Chile's largest wind farm.
Leading US wind and transmission company Pattern Energy Group LP was developing the El Arrayan wind project along with AEI and Chile's Antofagasta Minerals S.A. The project is located some 250 miles north of Santiago along Chile's Pacific coastline.
Milbank was counsel to the lender group providing construction financing, a 15-year term loan, and a letter of credit facility. The bank group included Bank of Tokyo-Mitsubishi UFJ, Credit Agricole and Sumitomo Mitsui Banking Corp. Milbank also advised Eksport Kredit Fonden (EKF), Denmark's official export credit agency, which provided guaranteed loans to the project through its ELO program.
Allan Marks led the deal team.
|
||
| Financial Center: | Los Angeles | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Milbank |
| Project Location | Chile | Equity Sponsor | United States |
| Classification: |
Project Finance Renewable Energy Wind Farms |
Lawyer | Allan Marks |
