Angeles Femenía is an associate in the Firm's Energy, Infrastructure, Project, and Asset Finance Practice. Prior, Angeles was at a top law firm, based in Buenos Aires, Argentina, where she worked as an associate structuring, drafting and negotiating transactional documents for various M&A and project finance transactions involving national and international parties and in relation to several industries, particularly as regards energy and renewable deals.
In addition, she also has experience revising and negotiating offering memoranda, prospectuses, underwriting agreements and related agreements for the issuance of securities in the form of equity and debt, including notes under Rule 144A.
Her experience practicing law in Argentina for more than eight years as well as a Foreign Law Clerk in New York at White & Case provides valuable insight for clients and the Firm regarding projects located in Argentina and other countries throughout Latin America.
Angeles has represented:
- Rutas del Este S.A., Sacyr Concesiones S.L. and Ocho A S.A. in connection with the financing for tranches (tramos) 1.1, 1.2, 6 and 7, Variante de Oviedo, Ypacaraí Urbano and Variante de Caacupé of the 2 and 7 Road Project in Paraguay. Project costs for this particular section of the road are approximately $300 million and the financing combines a securitization of certain government receivables that vest upon the completion of certain construction milestones and a US private placement of notes under Section 4(a)(2) of the Securities Act of 1933. The Inter-American Development Bank and Inter-American Investment Corporation acted as purchasers.
- Solek Chile Holding III SpA, Solek Holding S.E. and Solek Investments SpA in connection with a senior and subordinated loan facility to finance the construction of a portfolio of solar projects in Chile. The projects qualify for Chile's PMG/PMGD program, which allows solar assets meeting certain criteria to receive a stabilized base price. The financing included several unique features, including a subordinated loan tranche and a pre-agreed form of Share Purchase Agreement to be used for the potential acquisition of additional assets to be brought into the portfolio at a later date.
- KfW IPEX and KfW in the portfolio project financing of the Chubut Norte III and IV wind farms in Argentina being developed by Genneia and guaranteed by Hermes. Both projects were awarded under Argentina's RenovAr 2.0 renewables program and the financing is supported by 20-year PPAs.
- FMO and EKF in connection with the US$51 million loan for the construction of the Necochea wind farm being developed by Genneia S.A. in the Buenos Aires Province of Argentina.