Guerrero Olivos advises on Opdenergy refinancing
Guerrero Olivos advised Sumitomo Mitsui Banking Corporation and BNP Paribas, as lenders, on the refinancing of a 371 MW multi-technology portfolio of operating renewable energy assets owned by Opdenergy in Chile. The transaction, valued at $227 million, closed on June 16, 2026.
The firm’s advice covered all Chilean law aspects of the deal, including the structuring, negotiation and execution of the local financing and security documentation, as well as the analysis of the principal regulatory matters under Chilean electricity law applicable to the financed assets.
Other parties involved in the deal included CSC Delaware Trust Company, acting as administrative agent and foreign collateral agent, and Banco Santander-Chile, acting as local collateral agent. The Opdenergy entities involved were Opdenergy Generación, Ra Solar and Opdenergy PMGD. Jurisdictions covered by the transaction include New York, in the United States, and Chile.
The Guerrero Olivos team was led by partners Sebastián Abogabir (pictured), member of the Energy and Natural Resources practice, and Miguel Coddou, member of the Banking and Finance practice. They were assisted by associates Alexandra Hopfner, Santiago Barros, María Paz Ramírez, Gabriela Galdames, Juan Pablo Hachim, Francisco Avaria and Teresa Trucco, from the Energy and Natural Resources practice, along with Catalina Saldías, Ignacio Chomalí and Juan Peribonio, from the Banking and Finance practice.
Opdenergy was advised by Clifford Chance and Carey y Cía, while CSC Delaware Trust Company received counsel from Thompson Hine. White & Case advised the lenders on the transaction.
