Davis Polk advised the joint lead arrangers and joint book-runners, and the new lenders and assignees, in connection with a $330 million term loan facility for Empresa Eléctrica Guacolda S.A., a joint venture between AES Gener S.A. and Global Infrastructure Partners. The term loan facility amends, restates and consolidates six existing loan facilities entered into by Empresa Eléctrica Guacolda S.A. with several financial institutions, which assigned $330 million in existing loans to the new lenders and assignees.

Empresa Eléctrica Guacolda S.A. is engaged in the generation, transmission and supply of electricity in Chile. Guacolda owns four operational coal-fired power units with an aggregate gross capacity of 608 MW and has started construction of a fifth unit, which will have a gross capacity of 152 MW and is expected to become operational in the fourth quarter of 2015.

The Davis Polk credit team included Joseph P. Hadley, James Vickers and Konstantinos Papadopoulos. The tax team included Kathleen L. Ferrell. Members of the Davis Polk team are based in the New York and São Paulo offices.

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