Alberto Haito

Clifford Chance assists in bridge financing for transmission assets

Clifford Chance has assisted the mandated lead arrangers in connection with a US$345 million bridge loan to finance the TOCE-CEPI transmission assets in northern Peru.

TOCE-CEPI, the largest transmission asset awarded in Peru, includes the 500 kV Huánuco – Tocache – Celendín – Trujillo interconnection, including upgrades and associated substations, as well as the 500 kV Celendín – Piura interconnection, upgrades and associated substations.

The transaction is expected to strengthen the reliability and efficiency of northern Peru’s electricity infrastructure.

Sumitomo Mitsui Banking Corporation acted as senior mandated lead arranger and sole bookrunner; Banco Bilbao Vizcaya Argentaria as senior mandated lead arranger; and Bank of China Limited (Panama Branch), Intesa Sanpaolo (New York Branch) and Natixis (New York Branch) acted as mandated lead arrangers.

Clifford Chance’s team comprised counsel Alberto Haito (pictured) and associates David Rondon and Paula Ferreira. The team also included partner Paul Koppel and associates Thomas Koh and Ivona Dimov, who advised on ERISA matters, partner Avrohom Gelber, who advised on tax, and partner Megan Gordon and counsel Catherine Ennis and Jacqueline Landells, who advised on compliance.

L Giselle Estrada