Global law firm White & Case LLP has advised Cálidda, a leading natural gas distribution company in Peru, on the negotiation and execution of a US$500 million A/B loan facility with CAF, the development bank of Latin America and the Caribbean. The financing was Cálidda's first A/B loan transaction and CAF's first A/B loan in Peru in the last 15 years.
The proceeds of the financing, which will be used to strengthen Cálidda's capital structure and finance its expansion of the natural gas network in Lima and Callao in Peru, will assist with Cálidda's goal of connecting 900 thousand additional persons to the natural gas service by 2030.
The White & Case team was led by Project Development and Finance partner Sean Goldstein (Miami) and included associates Helena Buitrago (New York) and Paula Hernandez Garaycoa (Miami).
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