Energía de Colombia obtains COP$ 707.5 billion to refinance debt and implement cash-out

Cuatrecasas advised Energía de Colombia STR S.A.S. E.S.P. and sponsors on closing financing worth COP$ 707.5 billion, granted to refinance the company’s existing debt and to implement a cash-out with its shareholders.

This transaction is key for developing the business project of Energía de Colombia STR S.A.S. E.S.P., as it will enable it to meet the growing electricity demand in Colombia, ensuring a continuous and stable service provision and favoring the energy transition.

“We congratulate the team at Energía de Colombia STR S.A.S. E.S.P. for having closed this important transaction. We are proud to have participated in this important milestone, which confirms the commitment of national and international investors to develop the infrastructure associated with Colombia’s energy sector,” said Manuel Quinche, managing parter at the firm’s Bogotá office.

The firm’s advisory team was made up of Manuel Quinche, Natalia Arango, Juan Carlos Camacho, Manuela Gaitán and Anita Zuluaga (Project Finance); Manuel Gómez (Infrastructure and Energy); and Rafael Marulanda (M&A). Advising on the financing were Agustín Cerdá, Íñigo Rubio, Adrián García Canal and María Granero de la Asunción (Corporate Finance, Spain).