left-caret
news

News

Paul Hastings Advises on One of Latin America’s Largest Recent Private Placements

August 08, 2022

New York – Paul Hastings LLP, a leading global law firm, advised the note purchasers and letter of credit providers on the refinancing of the non-recourse debt of a portfolio of renewable assets in Chile owned by Innergex Renewable Energy Inc. The financing consisted of a US$710 million issuance of green bonds maturing in 2036 and a US$93.1 million letter of credit facility.

The financing is among the largest private placements in Latin America in recent history. In addition to refinancing the portfolio’s debt, the provides capital for the construction of Innergex’s first battery energy storage project in Chile.

SMBC and CIBC World Markets Corp. acted as placement agent (books) and co-agent, respectively, for this transaction. SMBC also acted as financial advisor to Innergex in respect of the structuring of the transaction, as sole green bond coordinator, and as sole issuing bank of the letter of credit facility.

The Paul Hastings team was led by partner Elicia Ling; of counsel Male Tobia; and associates Bruna Rey and Eduardo Morande, in New York; and Dr. Fritz Klewata and associate Marc Soltau, in Frankfurt.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Submission Requests
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum
Paris
Katy Foster

Get In Touch With Us

Contact Us