Shearman & Sterling represented DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Nederlandse Maatschappij-Financierings voor Ontwikkelingslanden N.V. (FMO) and Société de Promotion et de Participation pour la Coopération Economique (PROPARCO), as lenders, and Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), as mandated lead arranger, on the $110 million secured credit facility made available to Polaris Energy Nicaragua S.A. (PENSA) and San Jacinto Power International Corporation (SJPIC), as borrowers, for the refinancing of their existing project finance debt in connection with PENSA’s operating 72 megawatt (net) geothermal power generating facility and the 10 megawatt (net) in-development binary plant addition thereto located in Telica, Department of León, Republic of Nicaragua.

The Shearman & Sterling team below included visiting attorney Pedro Lladó (New York-Capital Markets).

The Team