VanessaArmas Molina

Of Counsel

Madrid + 34.91.520.3988

With 20 years of experience, Vanessa Armas focuses her activity in complex, cross-border project finance transactions. She represents sponsors, developers, lenders, and investors in the development, financing, acquisition, and disposition of wind, biomass, thermosolar, cogeneration, and other renewable energy assets in Spain and Latin America. Vanessa also has significant experience in the financing of infrastructure projects, such as highways and hotels; securitization matters as they relate to Spanish transactions structured through Spanish funds, as well as cross-border securitization transactions structured through special purpose vehicles (SPVs); and the restructuring of distressed multinational corporations.

Vanessa's most recent experience includes advising a syndicate of lenders in a financing transaction for Grupo Isolux Corsan S.A., a listed global Spanish construction and engineering company, in the restructuring of its nearly €2 billion in debt; representing CaixaBank S.A. in connection with the refinancing of a 1.64 MW photovoltaic plant located in Arce, Badajoz (Spain) and of a 2.19 MW photovoltaic plant located in Glicinia, Seville (Spain); and ING Bank N.V., Sucursal en España and Finacity Capital Management in a cross-border trade receivables facility for Ferroglobe PLC, a leading materials innovation company.

Some of the clients she has advised on numerous deals include financial entities such as, among others, Banco Bilbao Vizcaya Argentaria, Banco de Sabadell, Banco Santander, Caixabank, Deutsche Bank, and ING Bank, and companies such as Acciona, Elecnor, Inveravante Inversiones Unviersales, and Solarpack Corporación Tecnológica.

Experience

  • Banco de Sabadell provides financing for construction and operation of two photovoltaic solar plants in BadajozJones Day provided legal advice to Banco de Sabadell, S.A. in connection with the structuring and implementation of the financing for the construction and entry into operation of two photovoltaic solar plants of 50 MW of nominal power each and its corresponding evacuation infrastructure located in Badajoz.
  • BBVA, Bankia, and Banco de Sabadell provide €163 million financing to IPA Capital for acquisition of Productos Alimenticios GalloJones Day represented a syndicate of financial entities in which Banco Bilbao Vizcaya Agentaria, S.A. (BBVA); Bankia, S.A.; and Banco de Sabadell, S.A., acted as mandated lead arrangers and underwriters.
  • Ad hoc group of senior secured lenders advised in landmark restructuring of the syncreon groupJones Day acted for the ad hoc group of senior secured lenders in the landmark restructuring of the global logistics syncreon group which was implemented via English Schemes of arrangement, with chapter 15 recognition in the U.S. and CCAA recognition in Canada.
  • Whisbi receives €5 million investment from Cipio PartnersJones Day advised Whisbi in connection with the €5 million investment in Whisbi by Cipio Partners, a private equity fund.
  • Whisbi Technologies obtains term loan facility and negotiates Share Option AgreementJones Day represented Whisbi Technologies, S.L. in connection with a term loan facility agreement provided by Columbia Lake Partners Growth Lending I (Luxco), S.à.r.l. and negotiation of a Share Option Agreement by virtue of which the shareholders of Whisbi granted a share option right and an equity investment right to Columbia Lake Partners, in connection with the financing granted by them to Whisbi.
  • Banco Santander, Bankia, and Caixabank-led syndicate refinances Tranche A for €445.6 millionJones Day represented a syndicate of lenders including, among others, Banco Santander, S.A.; Bankia, S.A.; and Caixabank, S.A. in connection with a refinancing agreement with Grupo Isolux Corsán, S.A. and other companies of its group of the Tranche A provided by the syndicate of lenders under the refinancing agreement executed on December 16, 2016 for an amount of €445.6 million.
  • Spanish bank provides long term financing to Renewable Power VehicleJones Day represented a Spanish bank in connection with the long term financing provided to Renewable Power Vehicle, S.L. for the restructuring of the financial indebtedness of the group.
  • Syndicate of lenders provide long term financing to Vector Ronda Teleport for acquisition of VTC LicensesJones Day represented a syndicate of lenders in connection with the long term financing provided to Vector Ronda Teleport, S.L., a provider of transportation to travelers with a driver, for the acquisition of VTC Licenses (operative licenses of car lease with driver).
  • International Automotive Components Group completes refinancing of Senior Secured NotesJones Day advised International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes due 2023 to Gamut Capital Management, L.P. in a private placement.
  • Caixabank refinances five wind parks in SpainJones Day represented Caixabank, S.A. in connection with the refinancing of five wind parks with a total generating capacity of 131.5 MW located in Spain.
  • Bankia, Banco Santander, and Caixabank provide term loan to engineering and construction firmJones Day represented Bankia, S.A., Banco Santander, S.A. and Caixabank, S.A. in connection with a term loan provided to an engineering and construction firm.
  • ING Bank N.V., Sucursal en España and Finacity Capital Management arrange cross-border trade receivables facility for Ferroglobe PLCJones Day represented ING Bank N.V., Sucursal en España and Finacity Capital Management in connection with a cross-border trade receivables facility for Ferroglobe PLC, a leading materials innovation company.
  • Bankia, Banco Santander, and Caixabank provide term loan to construction services companyJones Day represented Bankia, S.A., Banco Santander, S.A., and Caixabank, S.A. in connection with a term loan provided to a construction services company.
  • CaixaBank refinances photovoltaic plants in Badajoz and SevilleJones Day advised CaixaBank S.A. in connection with the refinancing of a 1.64 MW photovoltaic plant located in Arce, Badajoz and of a 2.19 MW photovoltaic plant located in Glicinia, Seville.
  • Deutsche Bank provides export credit agreement to African GovernmentJones Day represented Deutsche Bank, S.A.E. in connection with an export credit agreement and further amendment provided to an African Government.
  • Syndicate of lenders led by Banco Sabadell and Bankia provide debt restructuring to Grupo SeguriberJones Day advised a syndicate of lenders led by Banco Sabadell and Bankia in connection with the debt restructuring of the Spanish entity Grupo Seguriber which included advancing new money and creating a quasi equity instrument.
  • Syndicate of lenders provides financing to Grupo Isolux Corsan for its restructuring of debtJones Day provided legal advice to a syndicate of Lenders (excluding bondholders) in a financing transaction to Grupo Isolux Corsan S.A., a listed global Spanish construction and engineering company, in the restructuring of nearly €2 billion debt owed by the worldwide-based group of companies.
  • BBVA-led syndicate assesses impact of change of control under €77 million project finance of wind park located in Valencia, SpainJones Day advised a syndicate of lenders including Banco Bilbao Vizcaya Argentaria, S.A. as agent in assessing the impact of the change of control in the borrower under a €77 million (US$85.9 million) project finance of a wind park located in Jarafuel, Valencia, Spain).
  • Banco Nacional de México provides MXN$1 billion financing to group of companies in MexicoJones Day assisted Banco Nacional de México, S.A. in connection with the MXN$1 billion (US$54.3 million) financing granted to a group of companies in Mexico and the issuance of a Spanish law first demand guarantee and legal opinion.
  • Banco de Sabadell finances parking lot sponsored by Grupo OrtizJones Day advised Banco de Sabadell, S.A. in connection with the financing of a parking lot sponsored by Grupo Ortiz and financed by a single lender.
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