Hernandez & Cía Abogados advised Corporación Interamericana de Financiamiento de Infraestructura S.A. (“CIFI”) in a US$ 10 million loan granted to Empresa de Generación Eléctrica Santa Lorenza S.A.C. (“Santa Lorenza”), owner of the concession for the development of the 18.7 MW Santa Lorenza Hydropower Plant in Huánuco, Peru.
The financing was structured as a bridge loan under New York law and guaranteed by a Trust Agreement. This bridge loan is the first step of a proposed syndicated loan of US$ 50MM that will close during 2018. Santa Lorenza will use the funds for the construction of the 18.7 MW Santa Lorenza Hydropower Plant and it associated transmission line.