Pinsent Masons advises CESCE on EIB-backed US$300m Panama power distribution loan

"Pinsent Masons advised Spanish export credit agency CESCE on structuring and negotiating the guarantee for a US$300 million European Investment Bank loan to Naturgy to upgrade Panama’s electricity distribution network. CESCE guarantees US$260 million of the loan; the transaction is among the largest EIB loans in Central America and supports the region’s energy transition."

Pinsent Masons advised Spanish export credit agency CESCE on structuring and negotiating the guarantee for a financing agreement under which the European Investment Bank (EIB) will provide a US$300 million loan to Naturgy to upgrade Panama’s electricity distribution network. The transaction involves a US$300 million EIB loan, of which US$260 million is guaranteed by CESCE. It is one of the largest EIB loans in Central America to date and represents the second EIB loan backed by CESCE and the first of its kind supporting investment in Latin America. The financing will contribute to the modernization and resilience of Panama’s power infrastructure, reinforcing the region’s energy transition and sustainable development objectives. Pinsent Masons represented CESCE with a team composed by: partner Alfonso Bayona; partner Hermenegildo Altozano; associate María Martín.

Pinsent Masons advises CESCE on EIB-backed US$300m Panama power distribution loan

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