Sociedad Concesionaria Vial Montes de María and Sacyr Concesiones Colombia’s $185 Million Project Financing


Posse Herrera Ruiz and Paul Hastings acted as legal counsel to Sociedad Concesionaria Vial Montes de María S.A.S. and its sponsor Sacyr Concesiones Colombia S.A.S. Philippi Prietocarrizosa Ferrero DU & Uría, Milbank, Alston & Bird acted as legal counsel to the lenders.

Sociedad Concesionaria Vial Montes de Mara S.A.S. and its sponsor Sacyr Concesiones Colombia S.A.S., in the execution of a credit agreement for the financing of the project “Puerta Del Hierro – Palmar De Varela Y Carreto – Cruz Del Viso”, granted under the Concession Agreement No. 007 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 financing of the project contemplates a credit agreement governed by the laws of the State of New York, United States of America, entered into with Banco Santander, S.A., Banco BTG Pactual S.A., Cayman Branch, Banco BTG Pactual Chile, and Citibank, N.A. (acting as loan administrative agent, intecreditor agent and offshore collateral agent) for an amount of USD$185,000,000.

Robert Katheiser acted as in-house counsel to Sociedad Concesionaria Vial Montes de Mara S.A.S.; Rafael Low, to Sacyr Concesiones Colombia S.A.S.; Heli Rafael Hernndez, to Sacyr Construccin Colombia S.A.S.

Posse Herrera Ruiz team included Mariana Posse (Picture), Jess Albarrn, Mara Camila Ordoez and Roberto Valenzuela.

Paul Hastings team included Robert Katheiser, and Thomas Sines, Juan Martn Estada and Diego Hernndez.

Philippi Prietocarrizosa Ferrero DU & Ura team included Hernando Padilla and Carlos Padilla and Pedro Arango.

Milbank LLP team included Carolina Walther-Meade, Anya Andreeva, and Natalia Rodrguez.

Philippi Prietocarrizosa Ferrero DU & Ura team advising the Onshore Collateral Agent included Nicols Tirado Mara and Garrido Mauricio Beltrn.

Alston & Bird team advising the Administrative Agent included Brad Johnson and Chad Fights and Matt Kelsey.

Involved fees earner: Chad Fights – Alston & Bird LLP; Brad Johnson – Alston & Bird LLP; Matt Kelsey – Alston & Bird LLP; Anya Andreeva – Milbank; Carolina Walther-Meade – Milbank; Juan Martín Estrada – Paul Hastings; Robert Katheiser – Paul Hastings; Thomas Sines – Paul Hastings; Pedro Arango – Philippi Prietocarrizosa Ferrero DU & Uría; María Garrido – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Carlos Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Nicolás Tirado – Philippi Prietocarrizosa Ferrero DU & Uría; Jesús Albarrán – Posse Herrera Ruiz; María Camila Ordoñez – Posse Herrera Ruiz; Mariana Posse – Posse Herrera Ruiz;

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

Clients: Banco BTG Pactual Chile; Banco BTG Pactual S.A. – Cayman Branch; Banco Santander Sa; Citibank; Sacyr Concesiones Colombia, S.A.S.; Sociedad Concesionaria Vial Montes de María S.A.S. ;

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Author: Ambrogio Visconti.