Carey represents DEG in $50m financing to Engie
Carey has represented DEG – Deutsche Investitions- und Entwicklungsgesellschaft (DEG), as lender, in a US$50 million financing to Engie Energía Chile.
Engie will use the funds to implement a decarbonisation plan to switch from fossil fuel-based power generation to renewable energy generation and installation of Battery Energy Storage Systems (BESS).
The transaction, signed on 30 June, involved the Chilean and US (New York) jurisdictions, with Hunton Andrews Kurth acting as US counsel to DEG.
Felipe Artigas and Francisca Vásquez acted as Engie’s in-house legal advisors, while Bernardita Infante acted as its in-house financial advisor. Valeria Biurrun, Pauline Tilemann and Felix Koerner acted as in-house financial advisors to DEG.
Hunton Andrews Kurth’s team consisted of international counsels Alejandro Silva and James Channing and senior attorney Maristella Aldana.
Carey’s team was led by partners Felipe Moro (pictured left) and José Tomás Hurley (pictured right), with support from associates Loreto Ribera, Francisco Contreras, Victoria Alonso and Magdalena Menchaca.
