Miranda & Amado represents CEY and ISA CTM on equity bridge loan
Miranda & Amado has represented Consorcio Eléctrico Yapay (CEY) as borrower, and Consorcio Transmantaro (ISA CTM) as guarantor of an Equity Bridge Loan granted by a syndicate of banks for up to USD 345 million.
The loan was granted in connection with the “TOCE-CEPI” transmission projects, comprising the 500kV Huanuco – Tocache – Celendin – Trujillo link, expansions and associated substations and the 500kV Celendin – Piura link, expansions and associated substations.
This transaction closed on 9 May with Paul Hastings acting as New York counsel to the borrower, Clifford Chance as New York counsel to the lenders, and Estudio Echecopar as local counsel to the lenders.
Miranda & Amado’s team was led by partners Luis Marcelo de Bernardis and José Miguel Puiggros (pictured), with support from senior associate Lisbeth Benavides and associate Alessia Roca.