Weil has advised a consortium of 17 commercial banks on a dual-tranche term loan facility of up to USD 1.3 billion and MXN 3 billion provided to Global Power Generation and its subsidiaries.

Global Power Generation is the international renewable energy generation subsidiary of the Naturgy Group, with Naturgy and Kuwait Investment Authority as investors.

The proceeds were used to refinance existing debt associated with the company’s Latin American power generation assets.

The Weil team was led by Finance partner Simon Caridia and included Structured Finance and Derivatives partner Andrew Lauder, associates Sagarika Sridhar, Maya Sajeev and Anthony Nwokenna and trainees Greg Berces and Elizabeth Demuren. Spanish law advice was provided by Pérez-Llorca Spain, led by partner Ildefonso Arenas, with associate África Rodríguez. Mexican law advice was provided by Pérez-Llorca Mexico led by partners Rodrigo Rojas Robleda and Antonio De Lisi Martínez.