Milbank advises banks on $205m loan for Chile power project
Milbank, Tweed, Hadley & McCloy advised the banks that provided a $205 million loan to finance the Conejo Solar photovoltaic power project in Chile.
The project is planned to begin commercial operation in 2016 and will have the capacity to deliver 122 megawatts of clean energy to Chile.
Milbank acted for the international lenders – including Crédit Agricole, Société Générale and Sumitomo Mitsui – that provided a construction and term loan facility and related letters of credit.
The firm also advised Banco Santander-Chile in relation to a separate loan to finance value-added tax payments by Conejo Solar.