Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 28-07-2016 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Financing for Conexion Norte 4G Toll Road Project, Colombia | Industry: | Industrial Transportation |
| Description: |
Clifford Chance acted as New York counsel to senior lenders Sumitomo Mitsui Banking Corporation, The Korea Development Bank, Banco de Credito del Peru, Instituto de Credito Oficial, Financiera de Desarrollo Nacional S.A., Banco Davivienda SA and Bancolombia SA in connection with the approximately USD445 million multi-source and multi-currency financing of the Conexion Norte 4G toll road in Colombia that closed on July 28, 2016. Sumitomo Mitsui Banking Corporation acted as Sole Lead Arranger and Bookrunner for the dollar senior loan facility; it also acted as Mandated Lead Arranger and Structuring Bank for both senior loan facilities and as Hedge Coordinator.
The Conexion Norte project, a 145 kilometer toll road which was to run from Remedios to Caucasia in the Antioquia region of Colombia, was being developed by special purpose company Autopistas del Nordeste SAS, owned jointly by Ortiz Construcciones y Proyectos SA, Valores y Contratos SA, Unidad de Infraestructura y Construcciones Asociados SAS, Solarte Nacional de Construcciones SAS, KMA Construcciones SA, and SP Ingenieros SAS.
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| Financial Center: | Washington DC | Value: | 100.01-500.00 |
| Advised Party: | Debt Provider | Law Firm | Clifford Chance |
| Project Location | Colombia | Equity Sponsor | Colombia |
| Classification: |
Project Finance Road |
Lawyer | Fabricio Longhin |
