Shearman & Sterling advised Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as mandated lead arrangers in connection with the $146 million cross-border financing for CyT Operaciones SpA, owner of the transmission line, sponsored by Transelec S.A. and connecting the Caserones copper mine owned by SCM Minera Lumina Copper Chile to generation substation facilities. The Caserones transmission line financing was Transelec’s debut project financing.

The Shearman & Sterling team included partner Denise M. Grant (New York-Project Development & Finance) and associates Devin Lei (New York-Project Development & Finance), Usman Ahmad (New York-Project Development & Finance), Nydia Guevara (New York-Project Development & Finance) and Rafael Perez (New York-Project Development & Finance).