Ribera, Loreto

Loreto Ribera

Associate

lribera@carey.cl
+56 2 2928 2231

Her practice is primarily focused on local and foreign project financing. corporate law, banking law and foreign investment.

REPRESENTATIVE EXPERIENCE

  • Sumitomo Mitsui Banking Corporation, Mizuho Bank and Banco Santander-Chile on the financing for up to USD126 million for the acquisition of GasValpo, a Chilean gas distribution company, by a joint venture between Marubeni Corporation and Toesca Infraestructura GV Fondo de Inversión, managed by Toesca S.A. Administradora General de Fondos.
  • Export Development Canada and The Bank of Nova Scotia, as lenders, on a total loan for USD150 million granted by each of them to Compañía de Petróleos de Chile COPEC. The unsecured loans were structured in two separate, but substantially identical, New York law Credit Agreements, and documented by means of Chilean promissory notes.
  • 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.
  • Citi, HSBC, JP Morgan and Merril Lynch in the pricing and purchase of USD500 million of Medium Terms Notes (MTN) issued by Banco Estado at a 2.668% annual rate and due on 2021. This transaction was made under a Banco Estado bond issuance program for up to US$3 billion.
  • Pattern Energy Group, a leading renewable power company, on the sale of 30% of Conejo Solar, a photovoltaic project, to Antofagasta Minerals.
  • International Finance Corporation and Overseas Private Investment Corporation, as lenders, on a USD289 million financing for the construction, commissioning, operation and maintenance of a 141MW photovoltaic solar plant in the north of Chile, owned by First Solar, set to be one of Latin America’s largest.
  • Overseas Private Investment Corporation (OPIC), Inter-American Development Bank, International Finance Corporation (IFC), Corpbanca, Banco de Crédito e Inversiones (BCI), Banco Itaú Chile, Banco del Estado de Chile, KfW Ipex-Bank and DNB Bank on financing a credit facility for up to USD1.2 million for the development of Alto Maipo Hydroelectric Project, a 531 MW run-of-river plant, owned by AES Gener (60%) and Antofagasta Minerals (40%).
  • Multilateral and local lenders on financing three photovoltaic plants in the north of Chile, owned by SunEdison: Amanecer Solar CAP Power Plant, San Andrés Power Plant, and María Elena Power Plant.
  • Latin America Power on financing the design, construction and operation of a 184 MW wind farm located in the province of Vallenar, Chile.
  • 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.
  • Amerigo Resources Corporation and its Chilean subsidiary, Minera Valle Central, on financing the construction and expansion of its plant for processing, exploitation, extraction and transport of tailings on lands owned by Codelco Chile, División El Teniente.
  • Megalux, a Chilean manufacturer of ophthalmic lenses, with a solid presence among independent opticians, on the sale of a controlling stake to Essilor, the world’s largest manufacturer of ophthalmic lenses.

ACTIVITIES AND MEMBERSHIPS

  • Teaching Assistant of Commercial Law, Universidad Católica de Chile (2013-2014).

RELATED AREAS


Education

  • Law, Universidad Católica de Chile.
  • LL.M., University of California Berkeley, USA (2017).
  • Jaime Guzmán Errázuriz Award, to the best Constitutional, Politic and Administrative Law student of the class.

Admissions

  • Chile (2012).

Languages

  • Spanish.
  • English.
  • German.


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