We advised Central Puerto on obtaining US$300,000,000 in financing for the acquisition of Piedra del Águila Hidroeléctrica Argentina S.A.
Bruchou & Funes de Rioja acted as local counsel to Central Puerto S.A. (“CEPU”) and Martínez de Hoz & Rueda acted as local counsel to International Finance Corporation (“IFC”) in connection with the granting of a US$300,000,000 financing to CEPU under New York law (the “Financing”).
The proceeds of the Financing will be used for (i) the payment of the purchase price for all the shares of Piedra del Águila Hidroeléctrica Argentina S.A., within the framework of the public tender for the sale of the equity capital of the concessionaire companies of the hydroelectric plants of the Comahue Complex; and (ii) the financing of the installation of a battery energy storage system (BESS).
Legal advisors to Central Puerto:
Legal advisors under Argentine law: Bruchou & Funes de Rioja (Banking & Capital Markets) – Partner José Bazán and associate Manuel Etchevehere.
Legal advisors under New York law: Cleary Gottlieb Steen & Hamilton – Partner Juan Giráldez and associates Juan Ignacio Leguizamo and Matías Chaves.
In-house legal team: José Manuel Pazos and Justina Richards.
Legal advisors to IFC:
Legal advisors under Argentine law: Martínez de Hoz & Rueda – Partners Martín Lepiane and Marcos Blanco, and associate Sofía Gallo.
Legal advisors under New York law: Hunton Andrews Kurth LLP – Partners Alejandro Silva and Uriel Mendieta and associate Agostino Pini.
In-house legal team: Principal Counsel Solange Marie Martin.
