Shearman And Sterling

News January 17, 2019

Transelec's $358 Million Loan Facility

Shearman & Sterling represented Transelec Concesiones S.A., an affiliate of Transelec S.A., in connection with the approximately $358 million loan facility and associated interest rate hedging for the individualized portfolio construction financing of four independent transmission lines (each with a capacity of between 2x220 kV and 2x500 kV) and four associated independent substations in Chile, with Export Development Canada, KfW IPEX-Bank GmbH and MUFG Bank, Ltd. acting as mandated lead arrangers. The financing was provided to Transelec Concesiones S.A. through non-cross collateralized loans to each individual project on a standalone basis.

The Shearman & Sterling team included visiting attorney Daniela Curiel (New York-Project Development & Finance). 

The Team