Posse Herrera Ruiz Advises Concesionaria Vial Union de Sur

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POSSE HERRERA RUIZ ADVISES CONCESIONARIA VIAL UNIÓN DEL SUR, ITS SPONSORS AND SHAREHOLDERS IN THE USD800.000.000 REFINANCING OF THE PASTO-RUMICHACA 4G PROJECT
Posse Herrera Ruiz acted as legal counsel to Concesionaria Vial Unión del Sur S.A.S., Sacyr Concesiones Colombia S.A.S, Sacyr Concesiones Participadas I, S.L., Sudamericana Integral de Construcciones Sudinco Solombia S.A.S., Caneybi Corp S.A., in the refinancing of the Pasto-Rumichaca Project, granted under the Concession Agreement No. 015 of 2015 part of the 4(th) Generation Toll Road Concession Projects known as 4G.
The refinancing the Pasto-Rumichaca Project for USD800.000.000 involves a New York law-governed loan agreement for USD278.000.000, a Colombian law-governed loan agreement for Colombian pesos equivalent to USD260.000.000, and the issuance of a social bond under Rule 144a /Reg S for USD262.000.000.
JPMorgan Chase Bank, Sumitomo Mitsui Banking Corporation, Société Générale, MUFG Bank, Crédit Agricole Corporate and Investment Bank and Siemens Financial Services acted as International Lenders under the International Loan Agreement. Bancolombia S.A., Financiera de Desarrollo Nacional S.A. and Banco Davivienda S.A. acted as Local Lenders under the Local Loan Agreement. JPMorgan Chase Bank and Goldman Sachs and Co. LLC, acted as structurers an bookrunners for the issuance, where IDB Invest (IDB Group) was the anchor investor.

DEAL VALUE: USD 800.000.000

CLOSING DATE:
Thursday, February 10, 2022 Cross-border matter: New York

LEGAL ADVISORS

COUNSEL TO CONCESIONARIA VIAL UNIÓN DEL SUR S.A.S., SACYR CONCESIONES COLOMBIA S.A.S, SACYR CONCESIONES PARTICIPADAS I, S.L., SUDAMERICANA INTEGRAL DE CONSTRUCCIONES SUDINCO SOLOMBIA S.A.S., CANEYBI CORP S.A.

Posse Herrera Ruiz

Leading Partner(s)

Mariana Posse Other Lawyers
Cristina Vásquez, Jesús Albarrán, Mauricio Nieto, Paula Albán
Clifford Chance LLP Leading Partner(s)
Fabricio Longhin, Hugo Triaca Other Lawyers
Mariana Estevez, Fernando Liu, Daniel Justus

COUNSEL TO LOCAL AND INTERNATIONAL LENDERS AND NOTEHOLDERS

Philippi Prietocarrizosa Ferrero DU & Uría

Leading Partner(s)

Hernando Padilla, Carlos Padilla

Other Lawyers

Ximena Gonzalez, Daniela Mejía, Daniela Hernandez, Santiago
Botero, Jorge Portocarrero

Latham & Watkins LLP
Leading Partner(s) Guido Liniado
Other Lawyers Fernando Castillo

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