Sociedad Concesionaria Vial Montes de María S.A.S. and its sponsor Sacyr Concesiones Colombia S.A.S., in the first disbursement of a bridge loan agreement for the financing of the project “Puerta Del Hierro – Palmar De Varela Y Carreto – Cruz Del Vis


Posse Herrera Ruiz and Philippi Prietocarrizosa Ferrero DU & Uría advised on the deal

Sociedad Concesionaria Vial Montes de María S.A.S. and its sponsor Sacyr Concesiones Colombia S.A.S., secured the first disbursement of a bridge loan 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 first part of the financing of the project contemplates a bridge loan agreement governed Colombian law, entered into with Banco BTG Pactual S.A., Cayman Branch, the Corporación Interamericana para el Financiamiento de Infraestructura, S.A. – CIFI and Banco Pichincha Panamá, S.A. for an amount of USD$50,000,000.

Posse Herrera Ruiz advised Sociedad Concesionaria Vial Montes de María S.A.S. and Sacyr Concesiones Colombia S.A.S. with a team including Mariana Posse (Picture), Alessia Abello, Sebastián Lora, Jesús Albarrán, Andrés Herrera, María Camila Pérez and Carlos Guzmán.

Philippi Prietocarrizosa Ferrero DU & Uría advised the Lenders with Juan Fernando Gaviria, Carolina Duque, Camila Quintero, Beatriz Albors and Ana María Ramírez.

Involved fees earner: Mariana Posse – Posse Herrera Ruiz; Jesús Albarrán – Posse Herrera Ruiz; Sebastián Lora – Posse Herrera Ruiz; María Camila Pérez – Posse Herrera Ruiz; Carlos Guzmán – Posse Herrera Ruiz; Alessia Abello – Posse Herrera Ruiz; Juan Fernando Gaviria – Philippi Prietocarrizosa Ferrero DU & Uría; Carolina Duque – Philippi Prietocarrizosa Ferrero DU & Uría; Camila Quintero Leguízamo – Philippi Prietocarrizosa Ferrero DU & Uría; Ana María Ramírez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Posse Herrera Ruiz; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: BTG Pactual; SACYR Concesiones, S.L.U.; Corporación Interamericana para el Financiamiento de Infraestructura S.A.; Sociedad Concesionaria Vial Montes de María S.A.S. ; Banco Pichincha Panamá SA;

Author: Ambrogio Visconti.