Cleanairtech Sudamérica’s $152 Million Green Loan

Cuatrecasas advised Cleanairtech Sudamérica on the transaction.
Allen & Overy and Philippi Prietocarrizosa Ferrero DU & Uría advised Crédit Agricole Corporate & Investment Bank (CACIB), Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (SMBC) y BNP Paribas on the transaction

Cleanairtech Sudamérica S.A., a subsidiary of the Compañía Minera del Pacífico (CAP) Group, completed the refinancing with international banks of an existing loan and a new syndicated loan for USD 152 million, maturing in 2033. The banks participating in the transaction are: Crédit Agricole CIB, Mizuho Bank, BNP Paribas and Sumitomo Mitsui Banking Corporation.

Cleanairtech Sudamérica specializes in the water sector and the closing of this refinancing round will enable the company to fund its seawater desalination plant. This infrastructure, located 25 km north of Caldera (Chile) with an annual production of approximately 8 million m³, has supplied clients in the Atacama region since 2014.

Cuatrecasas advised Cleanairtech Sudamérica on the transaction with a team including Macarena Ravinet (Picture), Camila Kutz, Tomás Montes and Ronny Vaisman.

Allen & Overy advised Crédit Agricole Corporate & Investment Bank (CACIB), Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (SMBC) and BNP Paribas on the transaction with a team including Dorina Yessios, Ana María Rodríguez Polania and Nathanael Kraintz.

Philippi Prietocarrizosa Ferrero DU & Uría advised Crédit Agricole Corporate & Investment Bank (CACIB), Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (SMBC) and BNP Paribas on the transaction with a team including Marcelo Armas MacDonald. Asociados Daniel Parodi Nebreda, Pedro Pablo Valenzuela, Vera Yacher, Ignacio Chomali V., Mario Mozó, Mario Fava, Florencia Portales, María Eugenia Badilla Lepe and Macarena Gaitán.

Involved fees earner: Nathanael Kraintz – Allen & Overy; Ana Rodriguez Polania – Allen & Overy; Dorina Yessios – Allen & Overy; Tomás Montes Miquel – Cuatrecasas; Macarena Ravinet – Cuatrecasas; Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Ignacio Chomali – Philippi Prietocarrizosa Ferrero DU & Uría; Mario Fava Quiroga – Philippi Prietocarrizosa Ferrero DU & Uría; Macarena Gaitán – Philippi Prietocarrizosa Ferrero DU & Uría; Mario Mozó Lira – Philippi Prietocarrizosa Ferrero DU & Uría; Daniel Parodi Nebreda – Philippi Prietocarrizosa Ferrero DU & Uría; Florencia Portales – Philippi Prietocarrizosa Ferrero DU & Uría; Pedro Pablo Valenzuela – Philippi Prietocarrizosa Ferrero DU & Uría; Vera Yacher – Philippi Prietocarrizosa Ferrero DU & Uría; Camila Kutz E. – Prieto;

Law Firms: Allen & Overy; Cuatrecasas; Philippi Prietocarrizosa Ferrero DU & Uría; Prieto;

Clients: BNP Paribas; Cleanairtech Sudamérica; Crédit Agricole Corporate and Investment Bank; Mizuho Bank; Sumitomo Mitsui Banking Corporation;

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Author: Ambrogio Visconti