BLP advises on a syndicated loan to AES in El Salvador

BLP has advised Banca de Inversión Bancolombia S.A., Banco Agrícola, S.A., and other local and foreign banks on a syndicated loan for up to $348 million, to the AES group.

AES is the primary power distributor in El Salvador, and among the group of companies in El Salvador that benefited from this syndicated loan are CAESS, S.A. de C.V., DEUSEM, S.A. de C.V., EEO, S.A. de C.V., and AES CLESA y CIA., S. en C, de C.V. The credit facility contemplates diverse objectives, including the fund allocation for the tender and repurchase by AES of certain senior secured bonds issued by AES in the international markets.

BLP acted as the legal advisor to the arrangers and the syndicated lenders. The firm assisted in the structuring of the credit facility, due diligence matters, and the preparation and formalization of the transactional documentation, including the underlying security package.

Our team in this transaction: