Advisory

Carey advises Mainstream on a corporate and finance restructuring

Practice areas: Banca y Finanzas

MAINSTREAM RENEWABLE POWER on the implementation of the financial restructuring for USD1.6 billion, of its portfolios of 10 non-conventional renewable energy (NCRE) projects "Huemul" (630 MW), "Cóndor" (591 MW) and "Copihue" (148,5 MW), financed under a project finance structure with several bank syndicates, including the renegotiation of a mezzanine financing. This restructuring formed part of the judicial reorganization proceedings initiated in Chile by Cóndor Energía and Huemul Energía, as well as the Chapter 11 process launched in the United States against certain MRP affiliates by one of its creditors.