King & Spalding LLP has emerged as a credible force in banking and finance, following the hire of Fradyn Suárez and a team in 2022. Much of the practice centres on energy and infrastructure (including transport infrastructure), with the new team combining effectively with the firm’s pre-existing presence in Latin America project development and construction. Hospitality and mining are also key areas for the group. With a number of refinancings of existing project finance facilities, the department is also building its reputation in acquisition finance, particularly in relation to fund investments in projects. Although the department leans towards representing borrowers and sponsors, it does have strong connections to lenders such as Citibank and other large banks. Colombia, Mexico and Peru have been active jurisdictions for the group, which is seeing further growth in Brazil and Chile, including in the energy transition sector. Counsel Jessica Mendoza is another key member of the team, leading or co-leading many of the firm’s prime Latin America engagements. Both named individuals are based in Miami.
Key clients
- Millicom International Cellular
- Citibank
Work highlights
- Advised Sacyr Concesiones on the $708m project refinancing of the 4G Pamplona-Cúcuta toll road project in Colombia.
- Advised San Martin Contratistas Generales in connection with a $125m secured credit facility to repay existing indebtedness and finance capital expenditures in connection with a $520m mining services agreement with Shougang Hierro Peru.