Felipe Moro

Partner

fmoro@carey.cl
+56 2 2928 2231

His practice focuses primarily on lending transactions, project financing, structured products and derivative transactions. He also has a vast experience in the area of mergers and acquisitions.

REPRESENTATIVE EXPERIENCE

  • Eletrans in an international private offering of notes under rule 4(a)(2) of the Securities Act of 1933, targeted to institutional investors, for an amount equal to USD180 million at an interest rate of 4.06% and due 2037.
  • Latin America Power on a long-term loan for USD306 million to finance San Juan windfarm of 185MW, granted by AB Svensk ExportKredit, Banco Security, DNB Group, KfW IPEX-Bank, Sumitomo Mitsui and Eksport Kredit Fonden, and in a USD30 million credit for VAT obligations, granted by Bci and Banco Security.
  • Banco Security and Banco Consorcio on the financing of the construction, commissioning and operation of Uribe Solar, a photovoltaic power plant of approx. 50MW that will inject power to the Norte Grande Interconnected System, owned by Fotovoltaica Norte Grande 5, Chilean subsidiary of Gestamp Renewables, a leading European energy Company with worldwide operations, for USD102 million.
  • Overseas Private Investment Corporation on a credit agreement with DCO, a Chilean company of the Tiaxa Group; and Essential Capital Consortium and Global Commercial Microfinance Consortium II, two Dutch investment funds controlled by Deutsche Bank, in two credit agreements with Tiaxa International Company, a Hong Kong company of Tiaxa Group, and the related security documents entered into and governed by Chilean law.
  • Inversiones Team, a Chilean entity controlled by the Colombian holding Team, on a credit agreement under Chilean law with Banco Itaú Chile and Banco de Crédito e Inversiones; and Team Foods Colombia, a Colombian entity also controlled by Team, in a credit agreement under Colombian law with Itaú BBA Colombia Corporación Financiera and Banco Davivienda.
  • DNB Group (Chilean agency), Banco BICE, Corpbanca New York Branch, and Caixabank on the closing and first disbursement under the financing of the development, design, engineering, procurement, construction and maintenance of an approx. 60MWp photovoltaic solar generation facility known as Laberinto Este and an approx. 86MWp photovoltaic solar generation facility known as Laberinto Oeste, for a combined installed capacity of 146MWp, both of which are installed in Sierra Gorda, Antofagasta, and its related transmission line and civil engineering works, for up to USD187 million.
  • Pattern Energy Group on a credit facility for USD197 million approx. granted by Crédit Agricole Corporate and Investment Bank, Société Générale and Sumitomo Mitsui Banking Corporation, to finance the construction, initial operation and costs related to the development of its 122MW Conejo solar plant in the Atacama Desert. To finance the VAT associated to the construction, Banco Santander granted a USD10 million loan.
  • Archroma Chile on the release and granting of new local securities for the refinancing of SK Capital Partners, arranged by Bank of America Merryl Lynch, for the purpose of repaying previous credit facilities, financing the acquisition of the shares of a subsidiary of BASF, and the acquisition of certain assets in the textile industry.
  • The Bank of Nova Scotia and Scotiabank Chile on negotiating a 15-year business alliance with Cencosud, Cencosud Retail and other subsidiaries to develop the consumer credit business in Chile. Additionally, Scotiabank Chile granted a loan for up to USD3 billion to Cencosud.
  • RIJN Capital, as sponsor and parent company of Planta Solar San Pedro III, on the development and financing of the construction, operation and maintenance of a 56.26MWp photovoltaic power plant, located in the second region of Chile. Corpbanca agreed to finance the project with a USD75 million app. long-term loan, and with a USD19 million construction loan.
  • Minera Valle Central on the financing of the construction and expansion of its plant for the processing, exploitation, extraction and transport of tailings on lands owned by División El Teniente from Codelco, located in the VI region of Chile, for approx. USD64 million.
  • J.P. Morgan Chase Bank on a USD2.5 billion loan granted to Cencosud, Chile’s largest retailer, for the acquisition of Carrefour in Colombia.
  • IFC, OPIC, IADB, Corpbanca, Bci, Banco Itaú Chile, Banco del Estado de Chile, KfW Ipex-Bank and DNB Bank on a financing credit facility for up to USD1.2 billion for the development of the Alto Maipo Hydroelectric Project, a 531MW run-of-river plant, owned by AES Gener and Antofagasta Minerals.
  • OPIC, IADB, Trust Fund for the Clean Technology Fund and Corpbanca on the financing of María Elena project, a photovoltaic power plant of app. 72.8MW, located in the II region of Chile, owned by SunEdison.
  • OPIC and IFC on the financing of San Andrés and Llano de Llampos, photovoltaic power plants of app. 50MW and 100.85MW, respectively (owned by Sun Edison), and Rabobank Chile in the VAT Facility Agreements related to these projects.
  • Pattern Energy Group and AEI on a USD215 million credit agreement for the financing of a 115MW wind farm called El Arrayán.

 

AWARDS AND RECOGNITIONS

  • Recognized in Banking & Finance; Corporate, M&A; and Projects, Chambers Latin America.
  • Recognized in Banking & Finance; Project Finance and Infrastructure; Corporate, M&A, and in Energy, Latin Lawyer 250.
  • Recognized in Corporate and M&A, LACCA.
  • Recognized in Banking and Finance, Best Lawyers.

ACTIVITIES AND MEMBERSHIPS

  • Professor, Master of Business Law, Universidad de los Andes (2014-2015).
  • Foreign Associate, Finance Group, Shearman & Sterling (2005-2006).
  • Assistant Professor of Securities Market Law, Universidad de Chile (2004).
  • Professor of Introduction to Law, School of Administration, Universidad del Desarrollo (2002).

PUBLICATIONS

  • Co-author of the article “Mind the Gap: Basel III and its Implementation in Chile”, Butterworths Journal of International Banking and Financial Law (2016).
  • Author of “Developments in the Financial Markets”, IFLR (2010).
  • Author of “Public Offering of Securities”, Diario Estrategia, Chile (2003).
  • Author of “Development of Corporate Governance in Chile: Public or Private Role?”, Diario Estrategia, Chile (2003).
  • Author of “Ethics, a Sound Business”, Interview, Revista Capital, Chile (2002).
  • Author of “Discussion about the Derivative Action in Chile”, Latin Lawyer Online (2001).


Education

  • Law, Universidad Católica de Chile.
  • Graduate studies, School of Economy and Administration, Universidad de Chile (2000).
  • LL.M., The University of Chicago (2005).

Admissions

  • Chile (2000).

Languages

  • Spanish.
  • English.


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