International law firm Clifford Chance has advised LNG Energy Group in connection with a secured credit facility provided by Macquarie Group to finance the acquisition of Lewis Energy Colombia, Inc. (LEC). LEC is a gas exploration, production and commercialization company operating in Colombia since 2007. LEC is actively developing multiple formations on the north coast of Colombia taking advantage of strategically located infrastructure near major gas markets.
The credit facility is a reserves-based financing and is secured by all of LEC’s assets. Clifford Chance also advised on certain interest rate and commodities hedges entered into in connection with the credit facility.
The Clifford Chance deal team included partner Hugo Triaca, associates Andrés Berry, Lucia Guardone and Fernando Liu, and law clerk Adriana Cabal Gutierrez in New York. Partner Darren Littlejohn and associate Elizabeth Kennedy provided derivatives advice and partner Avrohom Gelber and associate Callum Burnett advised on tax aspects of the transaction.
Clifford Chance regularly advises on acquisition financing transactions across a wide range of sectors in the Latin American market. The firm recently advised (i) Lenus Capital Partners, as borrower, in connection with a healthcare acquisition financing in Colombia, (ii) a syndicate of lenders as joint lead arrangers and joint bookrunners, in connection with an acquisition financing to Grupo EnergĂa Bogota, and (iii) the lenders, issuing banks and hedge providers, in connection with a multi-tranche, dual-currency financing provided to Sociedad Transmisora Metropolitana SpA for the acquisition of Enel TransmisiĂłn Chile S.A.
