Carey advises Cedars on $35m financing
Carey has counselled Cedars Solar on a $35.5 million financing
Carey steered Cedars Solar during the process of granting financing for approx. $35 million by a financial institution to refinance and finance part of the construction, development and operation costs related to seven non-conventional renewable energy (NCRE) projects, all of them corresponding to small distributed means (PMGDs).
The financing’s purpose was to refinance the acquisition cost of the relevant SPV’s shares, refinance construction, start-up and operation costs, and also to finance part of the other construction, development and operational costs, among others.
Carey team was led by partner Felipe Moro (pictured), and involved associates Fernanda Valdés, Fernando Noriega, and Rafael Mackay.
The non disclosed financial institution was assisted by Morales and Besa, with a team led by partner Carlos Silva, and which involved associates Javier Balbontín, Juan Carlos Valdivieso, Patricio Novoa, and María Jesús Venegas.
