Milbank LLP advised Aguas Pacifico SpA and Acueducto San Isidro Quilapilún SpA, each as borrowers, and their shareholder, Aguas Pacifico Holding SpA, on the $883M financing of two projects: the Aconcagua desalination plant and the San Isidro Quilapilún aqueduct in the Valparaiso and Metropolitana regions of Chile.
The transactions support the development, construction, operation and maintenance of the multipurpose Aconcagua desalination plant and aqueduct for the transportation treated and/or desalinated water.
Aguas Pacifico SpA, Acueducto San Isidro Quilapilún SpA and Aguas Pacifico Holding SpA are each part of Patria Investments’ infrastructure portfolio. Patria is a leading alternative investment firm focused on Latin America.
“We are pleased to have advised on these important transactions, which will increase Chile’s installed capacity for desalinated water and serve as further proof of the country’s dedication to addressing the challenges of climate change both responsibly and reliably,” said Global Project, Energy and Infrastructure Finance partner Roland Estevez.
The Milbank team advising on both transactions was led by Mr. Estevez and included associates Daniel Rios Zertuche, Ana Maria Rodriguez Polania, Chelsea Minuche, and Verde d’Aquino.
