Alejandro Toro
Associateatoro@carey.cl
+56 2 2928 2216
His practice focuses on banking law, corporate law, lending transactions and project financing.
REPRESENTATIVE EXPERIENCE
- BlackRock on the refinancing of part of the debt it held with Banco Security and the structuring of a project finance for a portfolio of 20 PMGD projects. Additionally, on the private placement of notes in the United States under Rule 4(a)(2) of the US Securities Act of 1933, by its Chilean subsidiary Tralka, indirect owner in turn, of a portfolio of 37 small solar generation facilities in Chile (PMGD).
- International Finance Corporation, as lender, on two loans for up to USD200 million each, granted to Banco BICE and Banco Santander, to finance housing loans, with a focus on housing loans for women.
- Mainstream Renewable Power on the implementation of the financial restructuring of its portfolios of 10 non-conventional renewable energy projects "Huemul" (630MW), "Cóndor" (591 MW) and "Copihue" (148.5 MW), financed under a project finance structure with several bank syndicates and the renegotiation of a mezzanine financing, 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, for USD1.6 billion.
- 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 BCI, Miami Branch and DNB Bank, 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, 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.
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.
