Eduardo Araya

Associate

Emaileduardo.araya@us.dlapiper.com

About

Areas of FocusCorporate Mergers and Acquisitions Energy and Natural Resources Public Company and Corporate Governance Projects and Project Finance Water Financial Services Insurance

Bar admissionsChile, 2013

EXPERIENCE

Howden, an international insurance brokerage company with a presence in more than 55 countries, in the acquisition of 100% of the shares of Ureta y Fernández Corredores de Seguros SpA (U&F) by Howden Mexico Holdco Limited
CarbonFree Technology in the debt financing facilities for its portfolio of utility-scale solar projects in Chile. The financings are comprised of a US$19 million letter of credit facility, a US$71 million bridge-loan facility (which will be used to fund ongoing construction costs), and a US$270 million private placement facility whose proceeds will be used primarily to refinance existing bank debt and repay the bridge-loan facility once projects complete construction
Colbún SA as a borrower in the structuring and execution of a US$160 million financing to fund general corporate purposes, including refinance or repurchasing the borrower's notes through a Credit Agreement (expiring in 2029)
Blue Elephant, a private fund engaged in energy transition, in the acquisition of a 120MW portfolio that consisted of 20 photovoltaic PMGD and PMG projects
Quiñenco SA in the placement of Series Z Bonds totaling UF 5 million under the line of credit registered with the CMF under No. 930
Innergex Renewable Energy Inc. as borrower, in the structuring and execution of a US$803.1 million refinancing transaction for its portfolio of assets in Chile through a US$710 million private placement green bond and a US$93.1 million credit agreement
Soluciones en Minería y Energía SpA (Zyght) in the sale and transfer of the commercial operations of Zyght, including all its technology, assets, certain liabilities, and business, to the company Datamine Chile SA, a Chilean subsidiary of Vela Software International, Inc. and a well-known global company in software development, marketing, and related services
CarbonFree Technology in the acquisition of El Naranjal SpA from Gestión de Capital Adelantado SpA and the acquisition of Parque Solar El Paso SpA and Parque Solar Villa Alegre SpA from Solek Chile Holding SpA, all special purpose vehicle holders of PMGD photovoltaic power plants
JPMorgan Chase Bank as an administrative agent in an amendment to increase the revolving commitments under and extend the maturity of LATAM Airlines Group's existing super senior revolving credit facility. The transaction was documented as an amendment to the existing credit agreement. The deal was closed in a context where LatAm seeks to restructure its long-term financing prospects
Almar Water Solutions LatAm SA and its subsidiary in the issuance of two legal opinions regarding the operation and maintenance contract for two desalination and seawater supply and transportation systems to mining sites in Sierra Gorda in the framework of the financing of the infrastructure projects
Banco Votorantim SA, a guarantor of Sigdo Koppers' Brazilian subsidiary obligations for up to US$10 million in the execution of a Chilean guarantee agreement granted by the borrower's shareholder in Chile and a legal opinion on the validity and enforceability of the guarantee in favor of Banco Votorantim
FinDuo and Compass Group as shareholders and sellers of FinGroup SpA, a principal player in the Chilean market of services to funds and other financial institutions, in the negotiation and closing of the sale of 100% of the company's shares to Apex, a world-leading company in financial and investment services
Hidroeléctrica Dongo SpA in the investment in an energy company that owns run-of-the-river hydroelectric plants, and advice on the potential commercialization of the energy produced
The Coca-Cola Company – Andina – Embonor (USA – Chile) in the purchase of 100% of Comercializadora Novaverde SA (Guallarauco) (US$80 million)
EDF Energies Nouvelles in the development of a 140MW solar power plant in the north of Chile known as the Laberinto Project. And the due diligence and acquisition of several SPVs of Laberinto Este and Laberinto Oeste solar projects in the north of Chile from Ingenostrum
Bupa Chile SA, a Chilean company, subsidiary of the British United Provident Association, and a global leader in health solutions, in the sale of 100% of its equity interest in Corporación Médica de Arica SA (equivalent to a 68.97% of such company's stock) to RedInterclínica

Languages

Awards

The Legal 500 Latin America

Leading Associate, Chile Banking and Finance, (2025 – 2026)
Rising Star, Chile Banking and Finance, (2024)
Rising Star, Chile Venture Capital, (2021 – 2022)

Additional Recognitions

Recognized, Venture Capital, Best Lawyers, (2020 – 2026)

Education

Course, Renewable Energy Project Finance, Financial Campus, 2023

Special Course, Water Law, Pontifical Catholic University of Chile, 2012

J.D., Pontifical Catholic University of Chile School of Law, 2012

Prior Experience

Prior to joining DLA Piper in 2015, Eduardo was an associate at a boutique law firm specializing in Water Law and Waste. He was also an attorney at the Ministry of Mining and completed a secondment as an in-house lawyer at an important financial services firm in Chile.