Baker McKenzie advised Concesionaria Línea de Transmisión CCNCM S.A, a Peruvian project company owned by BOW Power, on a US $175 million hybrid refinancing of if its Cajamarca Transmission Line in Peru.
The transmission line runs 370 kilometers across Northern Peru, connecting Carhuaquero, Cajamarca, Cáclic and Moyobamba. The 29-year private placement and fixed-rate loan was arranged by banking group Natixis.
Baker McKenzie’s project finance team was lead in New York by partners Margarita Oliva Sainz de Aja and Rafael Berckholtz and associate Maria Fernanda Diago.
The team was supported by specialists in various fields from securities, investments, tax, ERISA including: Carol Stubblefield, John Lawlor, Thomas Rice, Patrick Cox, Michael Poland and Terence Gilroy. Regulatory support in Peru was provided by Ines Vazquez, Carmen Rosa Briceño and Juan Carlos de los Heros.
About Baker McKenzie's Project Finance Capabilities
Baker McKenzie is one of the world's most active project finance law firms. We advise sponsors, developers, financial institutions, investment funds, governments and governmental agencies on projects development and their financing across a wide range of industry sectors, including oil and gas, power, renewable energy, transport, water and social infrastructure on a full array of development and financing structures, including limited recourse financing, capital market issues, Islamic finance and project bonds.
The Firm also continues to actively grow its transactional capabilities in New York, having added approximately nine lateral partners to its New York office in the last two years.