Hernández & Cía. Abogados (Peru), Borden Ladner Gervais LLP (Ontario) and Harneys (BVI) advised Polaris Infrastructure Inc., and its subsidiaries in Peru and the British Virgin Islands in connection with a US$ 27,000,000.00 loan facility

Hernández & Cía. Abogados (Peru), Borden Ladner Gervais LLP (Ontario) and Harneys (BVI) advised Polaris Infrastructure Inc. (“PII”) and its subsidiaries in Peru and the British Virgin Islands in connection with a US$ 27,000,000.00 loan facility governed by the laws of Canada and the province of Ontario, granted by Brookfield Annuity Company to Andean Power Generation Limited, a subsidiary of PII in the British Virgin Islands.

 

The proceeds of the loan will be used to repay existing debt of PII’s Peruvian subsidiaries that have been operating three renewable hydroelectric power plants for a total of 32.6MW.

 

The financing is secured by guarantees granted by PII’s Peruvian subsidiaries.

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