Natixis Corporate & Investment Banking Leads CC&L Infrastructure and CarbonFree Private Placement of US$360m Hybrid Bond and Debt Financing for Largest PV PMGD Funded Portfolio Yet in Chile & More Latest News Here


NEW YORK, August 17, 2022 /PRNewswire/ — Natixis Corporate & Investment Banking (Natixis CIB) led the financing of approximately $360 million for a portfolio of PMGD photovoltaic solar power plants in Chile with an expected capacity of approximately 360 MWdp sponsored by Connor, Clark & ​​Lunn Infrastructure (CC&L Infrastructure) and CarbonFree Technology (together, the “Sponsors”). The funding consists of a $19 million letter of credit facility, a $71 million bridge loan facility which will be used to finance ongoing construction costs, and an approximate amount $270 million private placement facility the proceeds of which will primarily be used to refinance existing bank debt and repay the bridge loan facility once construction of the projects is complete.

Natixis CIB acted as Lead Placement Agent and Green Issuance Coordinator for the private placement and as Sole Bookrunner, Sole Underwriter and Green Loan Coordinator for the bridge loan and letters of credit.

This is the largest PMGD portfolio funded to date both in terms of installed capacity and number of projects.

The sponsor portfolio consists of 53 solar projects that operate under from Chile special regime for decentralized generation projects (called “PMGD”), allowing projects to sell their energy production at the stabilized regulated price.

“We are delighted to complete this refinancing, one of the largest private placements of solar projects in Chile to date,” said Matt O’Brien, president of CC&L Infrastructure. “The aggregation, de-risking and successful construction of individual small-scale projects is the culmination of a multi-year strategy, allowing us to secure long-term financing at competitive rates and create value for our investors. Our Chilean solar asset base is part of our large, rapidly growing energy transition portfolio that brings together more than 1.5 gigawatts of renewable assets across a range of clean energy technologies.

“This is Natixis’ twelfth PMGD financing in three years and the PMGD portfolio is financing the largest installed capacity ever arranged by any institution. In total, Natixis financed approximately US$1.5 billion support the development of PMGD renewable energy production projects in Chile. This series of successful transactions builds on our long track record of innovation in Latin America and strengthens our position as a “one stop shop” for PMGD project developers looking for creative financing solutions. We look forward to continuing to support sponsors as they grow in the region and to support from Chile continuous efforts in favor of the energy transition”, declared Aitor AlavaManaging Director and Head of Infrastructure and Energy Financing, Latin America at Natixis CIB.

“Chile is making excellent progress towards the country’s clean energy and decarbonization goals for 2030, in addition to its overall goal of net zero carbon emissions by 2050. We are delighted that our portfolio of projects can contribute to this leadership in climate action, as well as providing Chilean citizens with affordable electricity for years to come,” said David Oxtoby, CEO of CarbonFree.

Anthony FerraroManaging Director and Head of Debt Capital Markets, Americas, Natixis CIB, said: “We are honored to have advised the sponsors as a trusted partner in driving this important stage of capital markets funding in the US private placement bond market for this PMGD portfolio with the largest installed capacity developed in Chile nowadays. Despite a more difficult market environment, several leading institutional investors in the US private placement market participated in this transaction. The result is a true testament to the quality of sponsorship and deal structuring, and illustrates the value and flexibility that can be brought to equity sponsors by partnering with long-term USPP infrastructure investors with the ability to trade despite short-term volatility. .”

The PMGD scheme was created in 2005, with the aim of encouraging more distributed and greener electricity production. The projects in the portfolio will contribute to from Chile a broader energy transition as the country gradually transitions from its coal-fired power plants en route to the long-term goal of carbon neutrality. Once all of the projects in the sponsors’ portfolio come into operation, the facilities will be capable of producing over 750,000 MW hours of clean electricity per year.

About Natixis Corporate and Investment Bank
Natixis Corporate & Investment Banking is a leading global financial institution providing advisory, investment banking, financing, corporate banking and capital markets services to corporates, financial institutions, financial sponsors and sovereign organizations and supranationals around the world.

Our teams of experts in 30 countries advise our clients on their strategic development, help them grow and transform their businesses, and maximize their positive impact. We are committed to supporting the environmental transition by aligning our financing balance sheet on a trajectory of +1.5°C by 2050.

Within the Global Financial Services division of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne networks, Natixis CIB benefits from the Group’s financial solidity and solid financial ratings (Standard & Poor’s: A, Moody’s: A1, Fitch: A+, R&I: A+).

Press contacts:
Tara Flanagan
Prosek Partners
+1 646 818 9022
[email protected]

Our information is certified with blockchain technology.
Verify that this press release is genuine at

SOURCE Natixis

Natixis Corporate & Investment Banking Leads CC&L Infrastructure and CarbonFree Private Placement of US$360 Million Hybrid Bond and Debt Financing for Largest PMGD PV Portfolio Funded to Date in Chile & Latest News

I tried to give all kinds of news to y’all latest news today 2022 through this site and you will like all this news very much because all the news that we always give in this news is always there. It’s on a trending topic and regardless of the latest news

it was always our effort to reach you that you continue to get the Electricity News, Degree News, Donation News, Bitcoin News, Trade News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health New, Cryptocurrency News, Claims News the latest news and you always keep getting the news information for free through us and also tell people. Give that any information related to other types of news will be

Natixis Corporate & Investment Banking Leads CC&L Infrastructure and CarbonFree Private Placement of US$360 Million Hybrid Bond and Debt Financing for Largest PMGD PV Portfolio Funded to Date in Chile & More Live News

All this news i made and shared for you, you will like it very much and we keep bringing you topics like every time so you keep getting hot news like trending topics and you It’s our goal to be able to have

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can go further by getting the information of this news with you. Later we will continue

to provide information on more world news update today types of latest news through posts on our website so that you always keep moving forward in this news and whatever type of information will be there, it will definitely be passed on to you.

Natixis Corporate & Investment Banking Leads CC&L Infrastructure and CarbonFree Private Placement of US$360 Million Hybrid Bond and Debt Financing for Largest PMGD PV Portfolio Funded to Date in Chile & More News Today

All this news that I have brought to you or will be the most different and best news that you will not get anywhere, as well as the information Trending News, Latest News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to you all so that you are always connected with the news, stay ahead of the game and continue to today’s news all types of news for free till today so you can get the news by getting it. Always take two steps forward

Credit goes to news website – This news website from the original content owner. This is not my content so if you want to read the original content you can follow the links below

Get original links here🡽


About Author

Comments are closed.