Milbank LLP advised Fenix Power Perú S.A. as borrower in connection with a $200 million term loan facility to fully redeem its 4.317% senior notes due 2027.
Fenix Power Perú operates one of the largest and most efficient thermoelectric power plants in Peru. Acquired by Colbún in 2015, the plant benefits from its strategic proximity to the Camisea gas pipeline and the Chilca power substation, enabling cost-efficient electricity generation. As a key asset in the Peruvian electricity market, Fenix Power plays a critical role in ensuring reliable and competitive energy supply.
The Milbank deal team was led by Corporate Finance and Securities partner Adam Brenneman with special counsel Gonzalo Guitart, associate Marco Zaldívar and international attorney Hector Avila.
