Morales & Besa advises the lenders of Charrúa Transmitter Power S.A. on project financing in the energy sector

December 7, 2015

Morales & Besa successfully advised Crédit Agricole Corporate and Investment Bank, Banco Bilbao Vizcaya Argentaria, Chile, CaixaBank SA, Instituto de Credito Oficial, Banco de Sabadell, Miami Branch and Banco del Estado de Chile, on construction financing and development of the project “New Line 2 × 500 Charrúa-Ancoa: Laying the First Circuit, in the Trunk Transmission System of Central Interconnected System”, corresponding to a trunk transmission line, to be developed by Celeo Networks, an entity formed by Elecnor SA and the pension fund APG. The funding was for an approximate amount of USD 170,000,000.

In the transaction the M&B team was led by Myriam Barahona, together with associates Nicole Ubal, Paulo Quinteros, Rodrigo Ropert, Diego Muñoz and Aldo Cardinali.