Goldman Sachs, J.P. Morgan (Joint Bookrunners, initial purchasers); J.P. Morgan Chase Bank, MUFG, SMBC, Societe Generale, CACIB, Siemens Financial Services, FDN, Bancolombia, Banco Davivienda (Lenders):

Counsel in the US$906 million refinancing of the 4G toll road project Rumichaca – Pasto. Advised was provided to Goldman Sachs and J.P. Morgan as joint bookrunners and initial purchasers in the offering of approximately US$262 millon senior secured UVR indexed social notes, JPMorgan Chase Bank, MUFG, SMBC, and Societe Generale, CACIB, and Siemens Financial Services under the US$305 million international credit facility, and FDN, Bancolombia, and Banco Davivienda as lenders under the US$260 million local credit facility.

The financing also involved a US$79 million local revolving facility provided by Compartimento A del fondo de capital privado FCP Deuda Infraestructura II Sura – Credicorp Capital. The funds of the financing will be used to finish the construction of approximately 83 km of toll roads in the Department of Nariño, along with its operation and maintenance.

Cintra Global SE, Acciona Concesiones and Mercantil Colpatria:

Counsel in the bidding process for the award of the two 5G toll road PPP concession agreements for the design, construction, financing, operation and maintenance of the Troncal de Magdalena Project (Phase 1: Sabana de Torres – Curumaní 272 km) (Phase 2: Puerto Salgar – Barrancabermeja 259 km). The Troncal del Magdalena Project is the longest and most important toll road project in Colombia. It connects the Caribbean coast with Bogotá D.C.

Our advisory included the drafting and negotiation of (i) the shareholders’ agreement and (ii) the EPC agreement with the future EPC contractor.

Cintra Global SE, Vinci Highways/Vinci Concessions and Constructora Conconcreto S.A:

Counsel in the bidding process for the award of the 5G toll road PPP concession agreement for the design, construction, financing, operation and maintenance of the Phase II of Access Roads to the city of Bogotá D.C. (Accesos Norte Fase II). Our advisory includes the drafting and negotiation of (i) the shareholders’ agreement and (ii) the EPC agreement with the future EPC contractor.

Deutsche Bank A.G:

Counsel to Deutsche Bank in connection with a US$ 100 million long term loan to the Distrito Especial y Portuario de Barranquilla to repay the existing short-term facility granted for the purpose of financing infrastructure projects included in its Plan de Desarrollo 2020-2023 “Soy Barranquilla” to boost the Districts’s growth and reactivate its economy.

Fondo de Capital Privado Colombia Infrastructure Equity Fund:

Counsel to Fondo de Capital Privado Colombia Infrastructure Equity Fund in the Private Placement of Senior Secured Notes due 2029 to finance the acquisition of 32.2% of the shares of Sociedad Portuaria Terminal de Contenedores de Buenaventura, S.A., and 50% of the shares of Terminal Logístico de Buenaventura S.A. Sociedad Portuaria Terminal de Contenedores de Buenaventura, S.A. is one of the leading port companies in Colmbia and the region.

Societé de Promotion et de Participacion pour la Cooperation Economique S.A. (Proparco) and Financiera de Desarrollo Nacional S.A:

Colombian counsel to Proparco and Financiera de Desarrollo Nacional as senior lenders in connection with a financing of USD 130 million for the acquisition of a fleet of 406 electric buses for two functional units in Fontibón to render public transportation services in Bogotá.