White & Case Advises Sonnedix on Acquisition and Project Financing of Solar PV Assets from Enel Chile
1 min read
Global law firm White & Case LLP has advised Sonnedix, a leading energy producer majority owned by institutional investors, on the acquisition and project financing of a portfolio of utility-scale solar PV assets from Enel Chile.
The White & Case team advised Sonnedix on all aspects of the US$624 million financing, which was provided by BNP Paribas, Sumitomo Mitsui Banking Corporation, Société Générale, Crédit Agricole Corporate and Investment Bank, and DNB Bank.
"We are very pleased to have been a part of this important transaction and are grateful to Sonnedix for trusting us to lead this transformative transaction for its business in Chile," said White & Case partner Thomas Pate, who co-led the Firm's team with partner Martin Menski.
White & Case also worked on letter-of-credit facilities and hedging arrangements for the transaction, and staffed lawyers across a number of the Firm's offices, including New York, Washington, DC, Houston and Miami.
"We value our long-term partnership with Sonnedix and are very pleased to have supported them in achieving this major milestone," said Menski.
The team was led by partners Thomas Pate (New York) and Martin Menski (Washington, DC), and included counsel Rhys Bortignon (New York) and associates Adrian Leal (Houston), Joseph Chen (New York), Joselyn Gonzalez-Castillo (Miami) and law clerk Andre Felipe Cristofaro (Washington, DC).
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