Paul Hastings Advises TCW in Senior Debt Financing for the Amatitlan Geothermal Power Plant in Guatemala
New York, NY (June 1, 2009) Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm advised TCW Global Project Fund II, Ltd., an energy and infrastructure investment vehicle managed by TCW Energy and Infrastructure Group (part of TCW Asset Management Company), in a senior debt financing to refinance Ormat Technologies investment in the 20 MW Amatitlan geothermal power plant located in Amatitlan, Guatemala. The senior debt financing, which closed on May 21, 2009, is equal to $42 million.
The power plant currently generates approximately 17MW and is scheduled to reach its design capacity towards the end of the second quarter of 2009.
New York partner Raj Pande led the Paul Hastings team which included of counsel Robert Schmicker and associate David Marshall.
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