Alejandro Toro
Associateatoro@carey.cl
+56 2 2928 2216
His practice focuses on banking law, corporate law, lending transactions and project financing.
REPRESENTATIVE EXPERIENCE
- Mainstream Renewable Power on the implementation of the financial restructuring of its portfolios of non-conventional renewable energy projects "Huemul" (630MW), "Cóndor" (591 MW) and "Copihue" (148.5 MW), financed under a project finance structure with several banks syndicates and the renegotiation of a Mezzanine financing granted in connection thereto; all of the above as part of the Chilean reorganization processes initiated by Cóndor Energía and Huemul Energía, and under the Chapter 11 process initiated in the United States against certain affiliates of MRP by one of its creditors.
- SUSI Partners, a Swiss-based investment manager specialized in sustainable energy infrastructure investments, on a financing obtained by SETF Energías Renovables, a SUSI affiliate, from Banco de Crédito e Inversiones, Miami Branch and DNB Bank ASA, for the acquisition, construction, development and operation of a 107 MW Chilean portfolio of PMGD projects.
- Mastercard International on the incorporation and operation of a special corporation for the administration of a Low Value Payment Clearing House developed to accept, clear and dispose or facilitate the settlement of low value payment orders in Chile.
- Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) on a loan facility granted to the oEnergy group to finance the acquisition, construction and operation of several PMG or PMGD photovoltaic projects located in Chile. The loan facility was structured in a senior tranche for up to USD12.9 million and a subordinated tranche for up to USD2.6 million.
- U.S. International Development Finance Corporation, DNB Bank ASA, Itaú Corpbanca and BCI among others, as lenders of Alto Maipo and Strabag, in connection with a Restructuring Support Agreement in the context of a Chapter 11 procedure before the U.S. Bankruptcy Court for USD2.1 billion.
- Scotiabank Chile on a non-revolving credit facility granted to Solek Chile Holding III, a wholly owned subsidiary of the Solek Group, to finance the VAT associated with the construction of its photovoltaic PMG/PMGD projects in Chile. The initial disbursement will be used to finance the VAT associated to the construction of El Huaso and Don Flavio projects.
- Actis and Mainstream Renewable Power on the negotiation of an agreement for the sale of Aela Energía, Chile’s largest independent renewable energy producer, to Canadian-listed developer Innergex Renewable Energy. Aela's portfolio comprises three newly built wind farms: Sarco (170 MW), Aurora (129 MW) and Cuel (33 MW); and sells energy via two power purchase agreements with Chilean distribution companies.
PUBLICATIONS
- Co-author of the Chilean chapter in ICLG - Lending & Secured Finance, Global Legal Group (2022-2024).
- Co-author of the Chilean chapter in Global Legal Insights - Banking Regulation, Global Legal Group (2022).
EDUCATION
- Law, Universidad Católica de Chile.
- Law Academic Exchange, Universiteit van Amsterdam, Netherlands (2020).
ADMISSIONS
- Chile (2022).
LANGUAGES
- Spanish.
- English.
- German.
