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Eduardo Araya

Eduardo Araya

Associate
About

Eduardo Araya concentrates his practice on financing and debt structuring, including corporate finance, project finance, bond issuance, corporate matters, civil and commercial contracts, and mergers and acquisitions. In addition, he has experience as an in-house counsel in several companies in the financial, industrial, and elevator industries, with knowledge and practice in such markets and their regulation.

Moreover, Eduardo regularly advises developers in acquiring, financing, and refinancing renewable energy plants and has completed specialized studies in project finance and water management and regulation.

Bar admissionsChile, 2013

EXPERIENCE

  • CarbonFree Technology on the debt financing facilities for its portfolio of utility-scale solar projects in Chile. The financings are comprised of a US$19mm letter of credit facility, a US$71mm bridge-loan facility (which will be used to fund ongoing construction costs), and a US$270mm private placement facility whose proceeds will be used primarily to refinance existing bank debt and repay the bridge-loan facility once projects complete construction. 
  • Colbún S.A. as a borrower in the structuring and execution of a US$ 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 is a private fund engaged in the energy transition. It acquired a 120MW portfolio consisting of 20 photovoltaic PMGD and PMG projects. 
  • Quiñenco S.A. 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 S.A., a Chilean subsidiary of Vela Software International, Inc., 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 of them special purpose vehicles 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 S.A. and it's subsidiary in issuing 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 S.A. is a guarantor of Sigdo Koppers’ Brazilian subsidiary obligations for up to US$10 million. DLA Piper advised executing 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 on investing 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) on the purchase of 100% of Comercializadora Novaverde S.A. (“Guallarauco”) (US$80 million).
  • EDF Energies Nouvelles on 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 S.A., a Chilean company, subsidiary of the British United Provident Association, a global leader in health solutions, on the sale of 100% of its equity interest in Corporación Médica de Arica S.A. (equivalent to a 68.97% of such company’s stock) to RedInterclínica 
Languages
  • Spanish
  • English
Education
  • Course in Renewable Energy Project Finance, Financial Campus, 2023

  • Water Law Special Course, Pontifical Catholic University of Chile, 2012
  • J.D., Pontifical Catholic University of Chile School of Law, 2012

Awards

The Legal 500 Latin America

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

 

Additional Recognitions
  • Venture Capital, Best Lawyers, (2020-2024)

Prior Experience

Before joining the firm 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. 

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