Peru’s Osterling Abogados adds partner
Peruvian law firm Osterling Abogados has announced the addition of Omar Córdova as a new partner, bringing the firm’s partner count to nine, and strengthening its position among th...
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
www.termochilca.com
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.
C.G.L.
Peru’s Osterling Abogados adds partner 
Record-breaking Paris Arbitration Week in prospect Record-breaking Paris Arbitration Week in prospect
Paris Arbitration week (March 27th – 31st) gets underway on Monday, with a packed programme featuring 145 in-person, hybrid and online events. Marily Paralika, an arbitration partn...
Peru rules out proposed safeguards against apparel, textile imports Peru rules out proposed safeguards against apparel, textile imports
A ministerial commission in Peru has ruled to not apply safeguard measures to imports of apparel, including clothing, accessories and home textiles.
Portugal holds the potential to become an attractive jurisdiction for claimants within the private enforcement of infringements Portugal holds the potential to become an attractive jurisdiction for claimants within the private enforcement of infringements
The Portuguese transposition of the Antitrust Damages Directive through the Law on Private Enforcement, which entered into force on 5 August 2018, has enacted a more favorable lega...