Concesionaria Vial del Pacifico S.A.S.’s $150 Million Term Loan Facility

Garrigues advised Concesionaria Vial del Pacífico S.A.S. , Proyectos y Desarrollos Viales del Pacífico S.A.S. and Corporación Financiera Colombiana S.A. on the transaction. Milbank advised Corporación Financiera Colombiana. Paul Hastings and Gómez-Pinzón advised Banco Santander S.A. and Sumitomo Mitsui Banking Corporation.

Banco Santander S.A. and Sumitomo Mitsui Banking Corporation acted as lenders in connection with a $150 million term loan facility provided to a shareholder of Concesionaria Vial del Pacifico S.A.S.

The term loan facility will finance the construction of the Pacifico 1 Toll Road, connecting Medellin and the Pacific Coast of Colombia.

The project consists of 46km of roadways, a 4.1km tunnel, a 1.5km tunnel and 63 bridges, and is expected to be completed in August 2023.

Latin America and Global Infrastructure and Energy partner Bob Kartheiser (Picture) led the Paul Hastings team, which also included associates Thomas Sines and Anna Barbosa.

In Colombia, Gómez-Pinzón advised  Banco Santander S.A. and Sumitomo Mitsui Banking Corporation with José Luis Suárez Parra, Catalina Prieto Nuñez,  Jaime Hernández Palacios and Andrés Eduardo Gómez.

Garrigues advised Concesionaria Vial del Pacífico S.A.S. (Covipacífico), Proyectos y Desarrollos Viales del Pacífico S.A.S. (Prodepacífico) and Corporación Financiera Colombiana S.A. – Corficolombiana with Francisco Noguera, Nicolás Angulo and Daniela Walteros.

Milbank advised Corporación Financiera Colombiana S.A. with Jaime E. Ramírez, Mary (Mimi) Powell, Natalia Rodriguez, Cathy Zhu and Megha Kalbag.

Involved fees earner: Nicolás Angulo – Garrigues; Francisco Noguera – Garrigues; Andrés Eduardo Gómez Campiño – Gómez-Pinzón; Jaime Hernández Palacios – Gómez-Pinzón; Catalina Prieto – Gómez-Pinzón; José Luis Suárez Parra – Gómez-Pinzón; Megha Kalbag – Milbank LLP; Mary Powell – Milbank LLP; Jaime Ramirez – Milbank LLP; Cathy Zhu – Milbank LLP; Anna Barbosa – Paul Hastings LLP; Bob Kartheiser – Paul Hastings LLP; Thomas Sines – Paul Hastings LLP;

Law Firms: Garrigues; Gómez-Pinzón; Milbank LLP; Paul Hastings LLP;

Clients: Banco Santander Sa; Concesionaria Vial del Pacífico S.A.S. ; Corporación Financiera Colombiana SA; Sumitomo Mitsui Banking Corporation;

Author: Martina Bellini