Global Infrastructure Management, LLC agreed to acquire a 49% stake in 110-MW operational wind farm Los Cururos from AES Andes S.A. (SNSE:AESGENER) on July 15, 2021. In related transactions, Global Infrastructure Management, LLC will acquire a 110 MW wind project, a 73 MW wind project, a 67 MW wind project and two solar projects totaling 374 MW. The combined deal value of the transactions is $441 million (€373.5 million ). Post transaction, AES Andes S.A. will continue to hold remaining 51% stake in 110-MW operational wind farm Los Cururos. The transaction reflects a very attractive valuation of approximately 15x EV/EBITDA. BNP Paribas, Citibank and Scotiabank as the joint lead arrangers and lenders in connection with the acquisition. Dan Bartfeld, Jaime Ramirez and Brett Goldblatt of Milbank LLP acted as legal advisors to BNP Paribas, Citibank and Scotiabank. Banchile Asesoría Financiera S.A. acted as financial advisor to AES Andes S.A. Tony Del Pino, Aaron Hullman, David Penna and Andrea Schwartzman of Latham & Watkins LLP acted as legal advisors to Global Infrastructure Management, LLC.

Global Infrastructure Management, LLC completed the acquisition of a 49% stake in 110-MW operational wind farm Los Cururos from AES Andes S.A. (SNSE:AESGENER) on July 29, 2021.