We advised Techgen on a US$350 million term loan

Mitrani Caballero acted as international counsel to Techgen S.A. de C.V. in the structuring, negotiation, and execution of a US$350 million loan. This transaction represents a significant financing for the energy sector in Latin America.

The company operates a power generation plant located in the Pesquería area, State of Nuevo León, Mexico. The funds, provided by a group of banks, will be used to prepay or refinance existing debt. In this way, Techgen will be able to optimize its capital structure.

The facility was structured as a five-year unsecured term loan, reflecting the strength of the company’s contracted cash flows and the creditworthiness of its sponsor group. The agreement is governed by New York law and subject to the jurisdiction of the courts of that State.

“The transaction involved the challenge of addressing issues across multiple jurisdictions and balancing the interests of the various parties involved. At every stage of the process, we worked in close coordination with the company’s Mexican legal counsel, as well as with the banks’ local and New York counsel,” explained Mercedes Rodríguez Giavarini, who led the advisory team. She was supported in this matter by partner Carolina Villar Freuler and associate Carolina Wetzler Malbrán.

“Our priority has been to contribute our experience and expertise, working as a team to successfully close the transaction within the required timeframe, while supporting our client in its growth strategy,” added Rodríguez Giavarini.