Leading international law firm Clifford Chance has advised Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI) as senior and subordinated lender, mandated lead arranger and administrative agent, in connection with the senior and subordinated loans of up to US$86.6 million to be extended to a subsidiary of Chile s oEnergy for the financing of a portfolio of 24 photovoltaic PMGD projects in the Republic of Chile. The renewable energy created by the projects will avoid an estimated total emission of 73,344 tons CO2eq/year to the atmosphere.
Leading international law firm Clifford Chance has advised the Inter-American Investment Corporation (IDB Invest) and the Inter-American Development Bank (IDB) on the US$218.5 million 15-year bond issuance to refinance the Rutas 2 y 7 road project in Paraguay, which is owned by Sacyr Concesiones and Ocho A. The proceeds of the bond will be used to refinance the existing credit facility provided by IDB and IDB Invest to concession-holder Rutas del Este in 2019, as well as to finance the remaining works of the project.
Leading international law firm Clifford Chance has advised BBVA and Bancolombia as lenders in connection with the COP$678,450,500,000 (approximately US$175 million) bridge financing for the construction of the first line of the Bogota Metro. The line will consist of a 24 kilometer viaduct with 16 stations along its route, integrating with Transmilenio, Bogota s bus rapid transit system.