Global law firm White & Case LLP has advised Samay I S.A. on the US$330 million refinancing of its 708 MW cold reserve power plant located in the district of Mollendo, province of Islay, Arequipa Region, Peru. This is one of the largest single-asset energy refinancings in Latin America this year.
The refinancing loan provided by international commercial banks is being used to repay indebtedness under an existing project finance facility and other purposes.
Samay I S.A. is a portfolio company of I Squared Capital, a global private equity firm specializing in energy, utilities, telecom, transport and social infrastructure investments in the Americas, Europe and Asia.
The White & Case team that advised on the transaction was led by partners Carlos Viana and Jeannine Acevedo in Miami and included associates Valentina Castillo and Lina Mesa in Washington, DC and Miami, respectively.
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