Concesionaria Vial Unión del Sur’s $60 Million Bridge Term Loan


Posse Herrera Ruiz, Jones Day, Noboa Peña Torres & Asociados, Philippi Prietocarrizosa Ferrero DU & Uría, Milbank, Pérez Bustamante & Ponce and Alston & Bird advised on the transaction

Concesionaria Vial Unión del Sur S.A.S. and its sponsors Sacyr Concesiones Colombia S.A.S., Sacyr Concesiones Participadas I S.L., and Herdoíza Crespo Construcciones Colombia S.A.S. secured a bridge loan agreement for the financing of the project “Rumichaca–Pasto”, granted under the Concession Agreement No. 015 of 2015 entered into with the National Infrastructure Agency “Agencia Nacional de Infraestructura”, part of the second group of the fourth (4th) Generation Toll Road Concession Projects known as 4G.

The first part of the financing of the project contemplates a bridge loan agreement governed by the laws of the State of New York, United States of America, entered into with Banco Santander, S.A., JPMorgan Chase Bank, N.A., London Branch, and Citibank, N.A. (acting as loan administrative agent and offshore collateral agent) for an amount of $60 Million.

Posse Herrera Ruiz advised Concesionaria Vial Unión del Sur S.A.S., Sacyr Concesiones Colombia S.A.S., Sacyr Concesiones Participadas I S.L., and Herdoíza Crespo Construcciones Colombia S.A.S. with Mariana Posse (Picture), Alessia Abello, Sebastián Lora, María Camila Pérez and Carlos Guzmán.

Jones Day advised advised Concesionaria Vial Unión del Sur S.A.S., Sacyr Concesiones Colombia S.A.S., Sacyr Concesiones Participadas I S.L., and Herdoíza Crespo Construcciones Colombia S.A.S. with Fradyn Suárez, Jessica Mendoza, Juan José Huertas, Fernando Lillo and Sergio Cires.

Noboa Peña Torres & Asociados advised Concesionaria Vial Unión del Sur S.A.S., Sacyr Concesiones Colombia S.A.S., Sacyr Concesiones Participadas I S.L., and Herdoíza Crespo Construcciones Colombia S.A.S. with Patricio Peña.

Philippi Prietocarrizosa Ferrero DU & Uría advised the lenders with Juan Fernando Gaviria, Carolina Duque, Camila Quintero, Beatriz Albors and Isabela Loscher.

Milbank advised the lenders with Carolina Walther-Meade, Henry Scott and Nieri Avanessian.

Pérez Bustamante & Ponce advised the lenders with Bruno Pineda and Natalia Almeida

Philippi Prietocarrizosa Ferrero DU & Uría advised the Onshore Collateral Agent with Nicolás Tirado and Cristina Pérez.

Alston & Bird advised the Administrative Agent with Brad Johnson and Gina Masterson.

Involved fees earner: Sebastián Lora – Posse Herrera Ruiz; Mariana Posse – Posse Herrera Ruiz; Carlos Guzmán – Posse Herrera Ruiz; Alessia Abello – Posse Herrera Ruiz; María Camila Pérez – Posse Herrera Ruiz;

Law Firms: Posse Herrera Ruiz;

Clients: SACYR Concesiones, S.L.U.; Concesionaria Vial Unión del Sur S.A.S.; Herdoíza Crespo Construcciones Colombia S.A.S;