POSSE HERRERA RUIZ ADVISES CONCESIÓN LA PINTADA S.A.S AND ITS SPONSORS ODINSA S.A. AND WEST VALLEY JL HOLDCO LIMITED IN THE DOLLAR REFINANCING OF ITS PROJECT AUTOPISTA CONEXIÓN PACIFICO 2.
Posse Herrera Ruiz acted as legal counsel to Concesión La Pintada S.A.S and its sponsor Odinsa S.A. and West Valley JL Holdco Limited in the dollar refinancing of its Project Autopista Conexión Pacífico 2, granted under the Concession Agreement No.006 of 2014 part of the second group of the fourth (4th) Generation Toll Road Concession Projects known as 4G.
The refinancing of the existing dollar indebtedness of Project Pacífico 2 provides for a dollar credit agreement governed by the laws of New York, with dollar term loan commitments for an amount of USD $260.000.000. and dollar letters of credit for an amount of USD$18.000.000.
BNP Paribas, CDPQ Revenu Fixe INC, Itaú Corpbanca New York Branch, and Sumitomo Mitsui Banking Corporation acted as mandated lead arrangers and bookrunners. BNP Paribas, Itaú Corpbanca New York Branch, and Sumitomo Mitsui Banking Corporation acted as issuing banks. Citibank N.A acted as Administrative Agent. DEAL VALUE: USD 278.000.000 CROSS-BORDER
MATTER: NEW YORK
SIGNING DATE: Friday, July 16, 2021
CLOSING DATE: Friday, August 20, 2021
LEGAL ADVISORS
COUNSEL TO CONCESIÓN LA PINTADA S.A.S AND ITS SPONSORS ODINSA S.A. AND WEST VALLEY JL HOLDCO LIMITED
Posse Herrera Ruiz
Leading Partner(s)
Mariana Posse Other Lawyers
Jesús Albarrán, Mauricio Nieto, Paula Albán and María Elvira Borrero
Paul Hastings Leading Partner(s)
Robert Kartheiser Other Lawyers
Thomas Sines, Juan Martín Estrada and Eduardo Morande
COUNSEL TO MANDATED LEAD ARRANGER AND BOOKRUNNERS
Mayer Brown
Leading Partner(s)
Juan Pablo Moreno Other Lawyers
Jessica Solis
Brigard Urrutia
Leading Partner(s)
Felipe Alarcón Other Lawyers
Jorge Padilla, Sebastián Luque and Diana Quintero.
