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Santo Domingo Dominican Republic. – The Dominican firm Guzman Ariza provided advice to the company Emerald Solar Energy, SRL, a subsidiary of the Canadian group Potentia Renewables, in a financing for $ 37 million USD through the Closed Free Investment Fund for the Development of Dominican Infrastructures I, administered by Administradora de Fondos de Inversión Universal, S. A.
The loan proceeds will be used mainly to refinance the existing debt and finance the operation of a 25.0 MW photovoltaic power plant located in Barahona, Dominican Republic.
CIFI Latam, S. A. acted as Mandated Lead Arranger. Hunton Andrews Kurth’s US firm, LLP was hired by CIFI Latam as an international advisor. Dominican legal advice for CIFI Latam and the Fund was provided by Headrick Rizik Álvarez & Fernandez, while Bobadilla – Law Office acted as special advisor to AFI Universal and the Fund. Emerald was represented by Akin Gump Strauss Hauer & Feld, LLP as legal advisor in the United States and Guzmán Ariza as advisor in the Dominican Republic.
Guzmán Ariza’s lawyers were partners Fabio Guzmán Saladín and Alberto Reyes Báez, and attorney Pamela Benzán Arbaje.
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