A&O Shearman advises CAF on USD500 million refinancing for Peruvian gas company Cálidda

The transaction will enable Cálidda to continue expanding and upgrading the natural gas distribution network in Peru’s capital and Callao.

The financing represents one of the largest-ever facilities extended by CAF in Peru and is among the first transactions in which CAF acted alongside a syndicate of commercial banks under an A/B loan structure. The facility provides incremental liquidity to finance new connections, network extensions, and related capital expenditures that will bring cleaner, more affordable energy to consumers across the Lima metropolitan area.

CAF is a development bank committed to supporting the countries of Latin America and the Caribbean and improving the quality of life in the region, promoting sustainable development and regional integration. CAF serves the public and private sectors, providing multiple products and services to a broad client base of 23 member countries, private companies, and financial institutions.

The A&O Shearman team was led by New York based partner Robert O’Leary, with support from associates Yi Zhou, Leopoldo Melo, and Vicky Cheng.