Unión Vial Río Pamplonita’s $90 Million Bridge Loan


Posse Herrera Ruiz, Jones Day, Philippi Prietocarrizosa Ferrero DU & Uría, Milbank and Alston & Bird advised on the transaction

Unión Vial Río Pamplonita S.A.S. and its sponsors Sacyr Concesiones Colombia S.A.S. and Sacyr Concesiones Participadas I, S.L, secured the first disbursement of a bridge loan agreement for the financing of the project “Pamplona – Cúcuta”, granted under the Concession Agreement No. 002 of 2017 entered into with the National Infrastructure Agency “Agencia Nacional de Infraestructura”, part of the third 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 Deutsche Bank AG, New York Branch and JPMorgan Chase Bank, N.A., London Branch and Citibank, N.A. (acting as loan administrative agent and offshore collateral agent) for an amount of USD$90,000,000.

Posse Herrera Ruiz advised Unión Vial Río Pamplonita S.A.S., Sacyr Concesiones Colombia S.A.S., and Sacyr Concesiones Participadas I S.L. with Mariana Posse (Picture), Jesús Albarrán, Carlos Guzmán, María Camila Ordoñez and Roberto Valenzuela.

Jones Day advised Unión Vial Río Pamplonita S.A.S., Sacyr Concesiones Colombia S.A.S., and Sacyr Concesiones Participadas I S.L. with Richard Puttre, Elba Bermúdez, Mónica Noguera, Fernando Lillo and Sergio Cires.

Philippi Prietocarrizosa Ferrero DU & Uría advised the lenders with Hernando Padilla, Carlos Padilla, Clara Robledo Sánchez and Ximena González.

Milbank advised the lenders with Carolina Walther-Meade, Miguel Durán, Rocío Portela-Berríos

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

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

Involved fees earner: Brad Johnson – Alston & Bird LLP; Gina Masterson – Alston & Bird LLP; Elba Bermudez – Jones Day; Sergio Cires – Jones Day; Fernando Lillo – Jones Day; Mónica Noguera – Jones Day; Richard Puttré – Jones Day; Miguel Duran – Milbank; Rocio Portela-Berrios – Milbank; Carolina Walther-Meade – Milbank; Ximena González Cardozo – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Carlos Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Clara Robledo Sánchez – Philippi Prietocarrizosa Ferrero DU & Uría; Nicolás Tirado – Philippi Prietocarrizosa Ferrero DU & Uría; Jesús Albarrán – Posse Herrera Ruiz; María Garrido – Posse Herrera Ruiz; Carlos Guzmán – Posse Herrera Ruiz; María Camila Ordoñez – Posse Herrera Ruiz; Mariana Posse – Posse Herrera Ruiz;

Law Firms: Alston & Bird LLP; Jones Day; Milbank; Philippi Prietocarrizosa Ferrero DU & Uría; Posse Herrera Ruiz;

Clients: Citibank; Deutsche Bank AG New York Branch; JPMorgan Chase & Co.; Sacyr Concesiones Colombia, S.A.S.; SACYR Concesiones, S.L.U.; Unión Vial Río Pamplonita SAS;

Author: Ambrogio Visconti.