Milbank LLP represented the purchasers and issuing banks in connection with the $610.5 million refinancing of a large portfolio of wind, solar and hydro-powered energy projects in Chile for an affiliate of Global Infrastructure Partners (GIP).
The refinancing consisted of $580 million in senior secured notes and a senior secured letter of credit facility. The portfolio comprises five wind farms with approximately 434 MW of installed capacity and four solar photovoltaic plants with co-located battery energy storage systems, totaling approximately 648 MW of solar generation capacity and approximately 485 MW of battery storage capacity.
The Milbank team was led by Global Project, Energy and Infrastructure Finance Group chair Dan Bartfeld, Corporate Finance and Securities partner Adam Brenneman and Global Project, Energy and Infrastructure Finance partner Sean O’Neill.
The team also included Global Project, Energy and Infrastructure Finance and Corporate Finance and Securities associates Ana Bueno, Mauricio Nieto Jaramillo, Lays Lima Dutra and David Naftulin; Global Risk & National Security partner Bijan Ganji; special counsel Pinky Mehta and associates Melis Ulusel and Brian Murff; and Tax partner Andrew Walker and associate Michelle Song.
