APP GICA’s $108 Million Loan to finance a portion of the Girardot-Ibagué-Cajamarca 4G toll-road concession highway in Colombia


Posse, Herrera & Ruiz and Fagua & López Asociados advised on the transaction

APP GICA secured a $108 Million Loan from Banco Davivienda, Banco de Occidente and Banco de Bogotá to finance a portion of the Girardot-Ibagué-Cajamarca 4G toll-road concession highway in Colombia.

APP GICA S.A studies, designs, constructs, operates, manages, and maintains highways and road systems in Colombia.

Fagua & López Asociados advised APP GICA in the transaction.

Posse Herrera Ruiz acted as legal advisors to the lenders namely Banco Davivienda, Banco de Occidente and Banco de Bogotá with a team including Alessia Abello (Picture), Sebastián Lora and Juan Camilo Artunduaga.

Involved fees earner: Alessia Abello – Posse Herrera Ruiz; Sebastián Lora – Posse Herrera Ruiz; Juan Camilo Artunduaga – Posse Herrera Ruiz;

Law Firms: Posse Herrera Ruiz;

Clients: Banco de Bogota S.A.; Banco de Occidente, S.A.; Banco Davivienda S.A.;

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Author: Ambrogio Visconti.