Empresa Eléctrica Guacolda refinances its debt 

Empresa Eléctrica Guacolda refinanced its debt regarding Units 1 through 5 via a US$330 Million syndicated loan and a US$500 Million 144 A Regulation S bonds issuance.

This was a very challenging and tailor made transaction by which a syndicated loan facility as well as a 144 senior debt issuance repaid all existing loans for the construction of units 1 through 5 of Guacolda power plant with different lenders involved in each loan.

Value of deal: US$880 million, approximately 

Date of deal: April 30, 2015.

Law firms

Guerrero Olivos

Partners: Sebastián Yunge and José Miguel Ried

Senior Associate: Macarena Ravinet

Associate: Ricardo Abogabir, Diego Gutiérrez

Claro & Cía.

Partners: Rodrigo Ochagavía and José Luis Ambrossy

Associate: Philippa Cooper

Davis Polk & Wardwell LLP

Partners: Maurice Blanco and Joseph Hadley

Counsel: James Vickers

Associate: Elliot de Carvallo, Drew Glover and Konstantino Papadopulus

Foreign Temporary Associate: Kiomi Osorio 

Shearman & Sterling LLP

Partner: Antonia Stolper

Associates: Grissel Mercado and Carla Russo