Members of the firm’s Latin America Practice represented the leading financial entities in a revolving credit facility for BlackRock to acquire, develop, construct, and refinance a portfolio of distributed generation projects that is expected to be the largest in the Chilean market.
Latham advised Natixis and BNP Paribas, as coordinating lead arrangers and lenders, and BNP Paribas, as administrative agent and intercreditor agent, on the transaction, which was structured as a 3-year revolving credit facility. The facility was sized in contemplation of a +400 MW PMGD platform, and was initially used to refinance two previously acquired portfolios of operational assets aggregating 101 MW. The facility is expected to be used to acquire, develop, construct, and refinance other portfolios of both operational and construction projects sponsored by BlackRock.
Via Latham & Watkins