Rebaza Advises Termochilca in Refinancing Debt and Bond Issuance Deal

Rebaza, Alcázar & De las Casas has advised Termochilca S.A. on the closing deal of refinancing of loans granted by Scotiabank Perú S.A.A. (SBP), Banco de Crédito de Perú S.A (BCP) and Corporación Financiera de Desarrollo S.A. (COFIDE) in favor of Termochilca.

Publicado jeudi, janvier 18 2018
Rebaza Advises Termochilca in Refinancing Debt and Bond Issuance Deal

Termochilca Plant

The deal was closed on December 28th for a total of $154m, and included several guarantees such as partial deposit granted by COFIDE, a cash flow trust and an asset trust, among others. The loans were granted to fund the construction and operation of the 296MW Santo Domingo de los Olleros thermal power plant, south-east of Lima.


In addition, Termochilca issued subordinated bonds in the local market on December 19th for a total of $35m. The obtained funds were employed to prepay a part of the senior creditors financing and cover certain project expenses.


Termochilca is a Peruvian company dedicated to the generation and commercialization of electricity, as well as the development of projects and investments, mainly in hydrocarbons, infrastructure, services, transportation, communications and natural resources areas.


Rebáza, Alcázar & De las Casas advised Termochilca in the operations of financial restructuring and in the issuance of subordinated bonds, with a team led by partners Rafael Alcázar, José Jiménez and Daniel González.