MUFG Leads $3 B, Five-Year Refinancing for LatAm Solar and Storage
MUFG served as Initial Joint Lead Arranger, Joint Bookrunner, Green Loan Coordinator and Hedge Provider on a $3 billion refinancing for Atlas Renewable Energy’s solar and battery projects across Chile, Brazil and Mexico. The five-year, multi-tranche facility marks the largest cross-border sustainable energy refinancing in Latin America by scale and geographic reach.
1. Transaction Overview
MUFG participated in a $3 billion refinancing of Atlas Renewable Energy’s capital structure, consolidating its diversified portfolio of solar and battery energy storage projects across Chile, Brazil and Mexico. The transaction underpins large-scale sustainable energy assets and represents the largest renewable financing by scale and geographic reach in Latin America.
2. Facility Structure and Terms
The financing is arranged through operating company and holding company term-loan tranches alongside letter of credit facilities, all featuring five-year tenors. This structure provides Atlas with streamlined capital for its existing projects and future development pipelines in the region.
3. MUFG’s Roles and Capabilities
MUFG acted as Initial Joint Lead Arranger, Joint Bookrunner, Green Loan Coordinator and Hedge Provider, showcasing its ability to structure and underwrite complex cross-border sustainable financings. The bank’s involvement highlights its leadership in green project finance and risk management solutions.
4. Strategic Implications for MUFG
By facilitating this first-of-its-kind refinancing, MUFG reinforces its commitment to sustainable infrastructure development in Latin America. The deal strengthens the bank’s project finance franchise, enhances its green loan portfolio and deepens client relationships in the renewable energy sector.