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Andrews Kurth Kenyon Represents CIFI in a $10 Million Secured Revolving Loan Facility to Thesan Clean Energy Latam S.A.S. in Colombia and Thesan USA Corp.

March 29, 2018
Washington, DC

(Washington, DC)—On March 20, 2018, CIFI Panamá, S.A. and CIFI Latam, S.A. (collectively, the “Lenders”) closed on a US$10 million secured revolving loan facility for Thesan Clean Energy Latam S.A.S. in Colombia and Thesan USA Corp., a Delaware corporation  (collectively,  the “Borrowers”). The credit facility replaced an existing facility entered into with one of the Borrowers in 2015; financing will also be made available under the facility to certain other subsidiaries of the Borrowers.

The proceeds of disbursements under the facility are intended to support the financing and expansion of the development of, and provision of engineering, procurement and construction services for, generation projects powered by renewable sources in Latin America and the Caribbean. The security pledged to the Lenders includes a pledge of the Borrowers’ shares in certain of their respective subsidiaries, an assignment of certain accounts receivables arising from engineering, procurement and construction services to be provided by one of the Borrowers and the assignment of certain intercompany loans. The repayment obligations were guaranteed by the Italian parent of the Initial Borrowers, Savio S.p.A.

The U.S. based firm of Andrews Kurth Kenyon LLP, advised the Lenders as international counsel.

Andrews Kurth Kenyon Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth “Sid” Sethy, Associate

Lenders’ In-house Counsel

Rosalia Roman-Urcuyo, Lead Counsel

Lenders’  Italian Counsel

Gianni, Origoni, Grippo, Cappelli & Partners

Francesco Puntillo, Partner

Francesco Gianni, Partner

Francesco Bruno, Partner

New York Counsel to the Initial Borrowers

DLA Piper

Jamie Knox, Partner

Italian Counsel to the Initial Borrowers and Guarantors

DLA Piper

Riccardo Pagotto, Lead Lawyer

Dario Stifano, Associate

Martina Franchini, Associate

About Andrews Kurth Kenyon LLP

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