Paul Hastings Advised Lenders in $883 Million Financing for Chile Water Infrastructure Projects
January 18, 2024
Paul Hastings LLP advised the lenders in connection with the $883 million term loan and letter of credit facilities to finance two water infrastructure projects being developed by Patria in Chile, including the 1,000 l/s Aconcagua desalination plant in the Valparaiso region and the associated San Isidro Quilapilun aqueduct in the Valparaiso and Metropolitana region. The transaction is the first-ever financing in Chile for a multi-client desalination project.
Co-chair of the Energy and Infrastructure practice Gregory Tan and partner Thomas Sines led the Paul Hastings team, which also included associates Juan Martin Estrada, Eduardo Morande, and Jose Pablo Salas. Energy and Infrastructure partner Alexandro Padres advised the VAT lenders on the transaction, and Derivatives partner Jaime Madell and associate Lili Samios advised the hedge providers.
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