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Carey advised lenders on power plant refinancing

  • News
  • 16 March 2017
  • 69
  • 1 minute read
Carey advised Itaú CorpBanca and DNB Group on a non-revolving credit line to Chungungo, a special purpose vehicle entity indirectly owned by SunEdison.

Chungungo is a developer of the Quilapilún solar power plant, currently under construction. The credit line will be used to clear payment defaults to sub-contractors of the EPC contractor (also a related entity to SunEdison) and the subsequent indirect sale of Chungungo.

Partner Felipe Moro led the Carey team acting for the lenders.

SunEdison instructed Claro & Cia in the corporate restructuring and sale.

 

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Ignacio Abella

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