13 September, 2019 Colombia

Termovalle’s $110 Million Syndicated Loan

Banking, Finance and Capital Markets - Corporate / M&A

Philippi Prietocarrizosa Ferrero DU & Uría and Gómez-Pinzón advised on the transaction.

Termovalle secured a $110 million syndicated loan from Scotiabank Colpatria, Banco Davivienda and Bancolombia (Sucursal Panamá).

Fiduciaria Colpatria acted as administrative agent on the transaction.

Proceeds will be used to refinance existing debts and for general corporate purposes.

Termovalle was founded in 1996. The Company’s line of business includes the generation, transmission, and/or distribution of electric energy.

Philippi Prietocarrizosa Ferrero DU & Uría advised Termovalle with Hernando A. Padilla Gómez, Clara Robledo-Sánchez, Ana Estrada, Juan Gabriel Silva, Pedro Arango and Ximena González.

Gómez-Pinzón advised Scotiabank Colpatria S.A., Banco Davivienda S.A., Bancolombia S.A. (Sucursal Panamá) and Fiduciaria Colpatria S.A. with Daniel Londoño Pinzón, Jimena González Alarcón, Daniel Flórez Linero and Santiago Ariza Góngora.

Source: Global Legal Chronicle

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