Clifford Chance has assisted a group of lenders in connection with a $509 million syndicated term loan for Grupo Energía Bogotá (GEB). Gómez-Pinzón acted as local advisor to the lenders.
The loan proceeds were used primarily to acquire certain transmission assets in Brazil from Canadian asset manager Brookfield. The assets total approximately 2,416 km of 500 and 230 kV transmission lines and 20 substations, making GEB one of the largest power transmission companies operating in Brazil.
The lenders on the deal were Scotiabank and SMBC, as joint lead arrangers and joint bookrunners, as well as Bank of China (Panama), Citibank and Banco de Sabadell (Miami).
GEB is one of the leading owners, developers and operators of electricity and natural gas infrastructure in Latin America, with a presence in Colombia, Peru, Guatemala and Brazil.
Gómez-Pinzón’s team comprised partner Daniel Londoño and associate Santiago Ariza.
Clifford Chance’s team was led by partner Hugo Triaca (pictured) and included associates Andrés Berry and Fernando Liu, and foreign law clerk Lucia Guardone in New York.