Larrain advises Nordex on credit facility modification
Larrain y Asociados has locally advised Nordex Energy Chile in the modification of a multi-currency ESG-linked guarantee facility agreement for EUR 1,302,000,000 of its parent company (NORDEX SE) with, among other financial institutions, COMMERZBANK Aktiengesellschaft, BNP Paribas Niederlassung Deutschland and HSBC Continental Europe Germany, governed by the laws of Germany and originally dated 9 April 2020.
The amendment consisted, among other matters, of an extension of the maturity date of the facility, and the process involved the execution of documentation between the subsidiaries of NORDEX SE acting as obligors under the facility in different jurisdictions, including Chile. The transaction closed on 4 April.
Larrain’s team consisted of partner Diego Garay (pictured), and associates Ana María Sepúlveda and Valentina Ravera.
