Autopista al Mar 1 Project’s Financing

Clifford Chance advised the Senior Lenders and Hedge Providers in the multi-currency financing of the Autopista Al Mar 1 (“Mar 1”) toll road project in Colombia.

The project includes the development of 176 kilometers of roads in the department of Antioquia, Colombia.

The sponsors of the project included SACYR (from Spain, 37.5%), STRABAG (from Austria, 37.5%) and CONCAY (from Colombia, 25%).

Financiera de Desarrollo Nacional – FDN (Colombia), Instituto de Crédito Oficial – ICO (Spain), KfW IPEX-Bank (Germany), BID Invest (multilateral bank), CAF (Latin American development bank), Sumitomo Mitsui Banking Corporation – SMBC (Japan), Société Générale (France) and BlackRock (Debt Fund Colombia) acted as underwriters in the deal.

The Clifford Chance team included associates Gabriel Miranda and Eduardo Sanchez (advising the Senior Lenders), senior associate Greg Kahn and associate Jacklyn Hoffman (advising the Hedge Providers), partner Fabricio Longhin (Picture), senior associate Alberto Haito, associate Alan Sakar Azuara and law clerk Pablo Ariel Fekete (advising the Senior Lenders).

Involved fees earner: Pablo Ariel Fekete – Clifford Chance; Alberto Haito – Clifford Chance; Jacklyn Hoffman – Clifford Chance; Greg Kahn – Clifford Chance; Fabricio Longhin – Clifford Chance; Gabriel Miranda – Clifford Chance; Alan Sakar Azuara – Clifford Chance; Eduardo Sánchez – Clifford Chance;

Law Firms: Clifford Chance;

Clients: BID Invest; BlackRock; CAF –development bank of Latin America; Financiera de Desarrollo Nacional (FDN); Instituto de Crédito Oficial (ICO); KfW IPEX-Bank GmbH; Société Générale; Sumitomo Mitsui Banking Corporation ;


Author: Ambrogio Visconti