Milbank LLP advised the lenders in connection with Atlas Renewable Energy’s landmark $3 billion refinancing of its renewable energy portfolio across Latin America, the largest ever private financing for non-conventional renewable energy in Latin America. The transaction, executed with the support of Atlas’s sponsor Global Infrastructure Partners and a consortium of leading financial institutions, represents one of the largest renewable portfolio refinancings in the region.
The refinancing will allow Atlas to optimize its capital structure, unlock competitive financing costs across its regional portfolio and provide a long-term runway for continued growth in clean energy infrastructure. The transaction covers a portfolio of high-performing solar and storage assets located in Chile, Brazil and Mexico.
The Milbank team was led by Global Project, Energy and Infrastructure Finance Group chair Daniel Bartfeld and partner Sean O’Neill and Corporate Finance and Securities partner Adam Brenneman. The team also included Global Project, Energy and Infrastructure Finance associates Ana Bueno, Natália d'Avila, Jacob Fusek and Manuela Bins; and Corporate Finance and Securities special counsel Andres Osornio Ocaranza and associates Mauricio Nieto Jaramillo and Kendall Langs.
