Carey represents KfW IPEX-Bank in $100m bridge loan to Nirivilo
Carey has represented KfW IPEX-Bank in a US$100m bridge loan to finance four power transmission projects located in Chile.
The borrower is Nirivilo Transmisora de Energía, a Chilean subsidiary of the Celeo Redes group, a Madrid-based company that develops, invests in and manages energy infrastructure assets.
This transaction was completed on 30 July and involved the jurisdictions of Spain and Chile. Clifford Chance acted as international advisor to KfW IPEX-Bank, while Claro & Cía. and A&O Shearman acted as local and international advisors to Nirivilo Transmisora de Energía, respectively.
The projects financed include the Nueva Nirivilo-Constitución and Don Goyo-La Ruca transmission lines, as well as the Nuevo Equipo de Compensación Reactiva and El Ruil substation transmission projects. The aforementioned projects will increase the capacity and stability of the Chilean transmission grid to handle the growing load of renewable energy.
Claro & Cía. team was composed of partner José Luis Ambrosy, and associates María Jesús Muñoz and Matías López.
A&O’s team consisted of partner Vanessa Cuellas and associate Nuria Ferre.
Clifford Chance’s team included partner Eugenio Fernández-Rico, and associates María Gonzalez and Sofia Riano.
Carey’s team was led by partner Fernando Noriega (pictured), with support from associates Diego Lasagna and Felipe Reyes.
