Andrews Kurth Represents CIFI in a $12 Million Secured Loan to Solsantonio S.A., Solchacras S.A., Solhuaqui S.A., Gonzaenergy S.A. and San Pedro Solar Energy S.A. in Ecuador

(Washington, DC)—On August 14, 2015, the Corporación Interamericana para el Financiamiento de Infraestructura S.A., a sociedad anónima registered under the laws of the Republic of Panama (“CIFI”) closed on a US$12.0 million secured loan to five Ecuadorian companies (Solsantonio S.A., Solchacras S.A., Solhuaqui S.A., Gonzaenergy S.A. and San Pedro Solar Energy S.A.). Structured as a limited recourse project financing, the proceeds of the loan are intended for the purpose of financing capital expenditures in connection with the development, operation and maintenance of a 5.7 MW photovoltaic power project in the Republic of Ecuador. The security included a share pledge by the Ecuadorian project companies, sponsor support obligations and a security interest in the project’s assets (including equipment, land and bank accounts) effected through an Ecuadorian administration trust (fideicomiso mercantil de administración de flujos).

The U.S. based firm of Andrews Kurth LLP, advised CIFI as international counsel. Local legal advice was provided by Perez Bustamante & Ponce Abogados in Ecuador.

Andrews Kurth Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth “Sid” Sethy, Associate

Ignacio Hirigoyen, Associate

CIFI In-house Counsel

Jose H. Salaverría, General Counsel

Juan Pedeflous, Project Attorney

CIFI Ecuadorian Counsel

Perez Bustamante y Ponce Abogados

Bruno Pineda-Cordero, Partner

Natalia Almeida-Oleas, Senior Associate

CIFI Italian Counsel

Gianni, Origoni, Grippo, Cappelli Partners

Francesco Puntillo, Partner

Francesco Gianni, Partner

Borrower’s Ecuadorian Counsel

Lexim Abogados

Paola Lanusse, Senior Associate

Italian Counsel to the Sponsors

DLA Piper

Giulio Marconcelli, Partner

As released by the former Andrews Kurth Kenyon LLP