Robertda Silva Ashley

Partner

(T) 1.212.326.7886

Robert da Silva Ashley represents financial institutions, project sponsors and developers, and corporate borrowers in sophisticated cross-border and domestic lending transactions. He has particular experience structuring and negotiating complex project financings in the energy, transportation, and infrastructure sectors and in the Latin American region advising clients on high-value cross-border corporate lending and project finance transactions.

Clients have relied on Robert's counsel and leadership on projects involving power plants, utility-scale wind and solar projects, distributed solar generation, refineries, onshore and offshore oil and gas exploration and production, pipelines, carbon capture and sequestration, yieldco structures, toll roads, chemical plants, and hotels. These projects have involved the full spectrum of debt capital providers, including private debt funds and investors, private financial institutions, multilateral financing institutions, state-controlled development banks, and export-credit agencies. Robert also has acted as lead finance counsel to creditors and debtors on several complex cross-border debt restructuring transactions in the Latin American region, including energy project parties and multinational corporate borrower parties.

Robert previously served as hiring partner in Jones Day's New York Office and currently serves on the Firm's diversity committee. He also serves on the New York City advisory board of Schools That Can, a national education nonprofit organization.

Experience

  • Concesionaria Vial Union del Sur, Patrimonio Autonomo Union del Sur, Sacyr Concesiones S.L., and Herdoiza Crespo Construcciones obtain $575 million term financingJones Day represented Concesionaria Vial Union del Sur, as concessionaire, Patrimonio Autonomo Union del Sur, as borrower, and Sacyr Concesiones S.L. and Herdoiza Crespo Construcciones S.A., as sponsors, in connection with a $575 million long term financing to, among other things, repay a bridge loan facility and fund design, construction, operation and maintenance costs for a toll road in Colombia between the cities of Pasto and Ipiales, near the Rumichaca border crossing to Ecuador.
  • Diagnóstico Maipú of Argentina sold to DASA of BrazilJones Day advised the selling shareholders of Diagnóstico Maipú por Imágenes S.A. of Argentina ("Diagnóstico Maipú") under New York law in connection with the sale of Diagnóstico Maipú to Diagnósticos Da América S.A. of Brazil ("DASA").
  • ENGIE-led consortium wins competitive bidding process in Brazil for $8.6 billion acquisition of TAGJones Day advised ENGIE in the $8.6 billion acquisition and related financing of 90 percent of Transportadora Associada de Gás SA ("TAG"), the largest natural gas transmission network owner in Brazil, from Brazilian state oil company Petróleo Brasileiro SA (Petrobras).
  • Grupo Kuo obtains US$300 million multi-draw revolving loanJones Day represented Grupo Kuo, S.A.B. de C.V., a Mexico-based industrial and commercial global holding company, and its subsidiaries in connection with a US$300 million multi-draw revolving loan financing comprised of a U.S. dollar tranche and a Mexican Peso tranche provided by a syndicate of major financial institutions.
  • Grupo Kuo obtains US$175 million senior unsecured term loanJones Day represented Grupo Kuo, S.A.B. de C.V., a Mexico-based industrial and commercial global holding company, in connection with a US$175 million senior unsecured term loan provided by Bank of America, N.A.
  • M&G debtors confirm chapter 11 plan of liquidation and close sale of Corpus Christi plant for $1 billionOn December 17, 2018, the United States Bankruptcy Court for the District of Delaware entered an order confirming the Third Amended Plan of Liquidation (the "Plan") of Jones Day client M&G USA Corporation and eight of its affiliates (the "M&G Debtors"), which prior to the chapter 11 filing, were, along with their affiliates in Mexico, Brazil and Europe, one of the largest producers of polyethylene terephthalate resin – used for packaging applications – in the world. On December 28, 2018, after receiving antitrust approval, the M&G Debtors closed the sale of their partially constructed manufacturing facility in Corpus Christi, Texas, (the "Corpus Christi Plant") with a deal value in excess of $1 billion.
  • NRG Energy sells ROFO pipeline assets to NRG YieldJones Day represented NRG Energy, Inc. in the sale to NRG Yield of NRG’s interest in the following ROFO pipeline assets: 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar for cash proceeds of $407 million, subject to certain adjustments.
  • Southern Power to sell minority interest in solar portfolio to Global Atlantic Financial Group for $1.175 billionJones Day is advising Southern Power Company in its $1.175 billion sale of a 33 percent minority interest in its solar portfolio to Global Atlantic Financial Group Limited.
  • NRG Energy sells ownership in NRG Yield and NRG's Renewables Platform to Global Infrastructure PartnersJones Day represented NRG Energy, Inc. in the sale of NRG’s ownership in NRG Yield and NRG’s Renewables Platform to Global Infrastructure Partners (GIP) for cash proceeds of $1.375 billion, subject to certain adjustments.
  • Shenzhen Energy Group acquires PV solar generation facilities from Recurrent Energy for $232 millionJones Day advised Shenzhen Energy Group Co., Ltd. on its $232 million acquisition of a portfolio of PV solar generation facilities in California from Recurrent Energy, a wholly owned U.S. subsidiary of Canadian Solar.
  • Hyatt Hotels completes preferred equity investment and financing in luxury hotel and resort property in Latin AmericaJones Day represented Hyatt Hotels Corporation, an American multinational owner, operator, and franchiser of hotels, resorts, and vacation properties, in connection with a series of corporate transactions effecting the purchase, sale, and recapitalization of a significant luxury hotel and resort property in Latin America, including a preferred equity investment and financing by a wholly-owned subsidiary of Hyatt in the acquiror (and controlling owner) of the resort property; a refinancing of the resort property's existing senior secured bank debt with an international financial institution; the acquisition by the new controlling owner of the resort property; and certain related commercial arrangements between Hyatt and the new controlling owner of the resort property.
  • Invenergy, AEP, and GE Renewable Energy announce America's largest wind farmJones Day is advising Invenergy, LLC in its build transfer sale, subject to state regulatory approvals, to Public Service Company of Oklahoma and Southwestern Electric Power Company, affiliates of American Electric Power, of the 2000 MW Wind Catcher wind energy generating facility to be developed and constructed in Cimarron and Texas Counties, Oklahoma.
  • JPMorgan Chase and Scotiabank-led syndicate provide $300 million financing to TigoJones Day advised JPMorgan Chase Bank and The Bank of Nova Scotia and certain of their respective affiliates as joint-lead arrangers and as lenders in connection with a $300 million term loan financing provided to Colombia Móvil S.A. E.S.P. (Tigo), a subsidiary of the Colombian state-owned company UNE EPM Telecomunicaciones S.A., a leading telecommunications company in Colombia and the guarantor of Tigo's obligations under the loan facility.
  • Invenergy sells 175 MW Hardin wind project to subsidiary of American Electric PowerJones Day advised Invenergy, LLC in its build-transfer sale, subject to state regulatory approvals, of the Hardin wind project, a 175 MW wind energy generating facility to be developed and constructed in Hardin County, Ohio, to Appalachian Power Company, a subsidiary of American Electric Power.
  • Invenergy sells 50 MW Beech Ridge II wind project to subsidiary of American Electric PowerJones Day advised Invenergy, LLC in its build-transfer sale, subject to state regulatory approvals, of the Beech Ridge II wind project, a 50 MW wind energy generating facility to be developed and constructed in Greenbrier County, West Virginia.
  • The Bank of Nova Scotia provides $80 million financing to ENAP for expansion of offshore O&G facilitiesJones Day advised The Bank of Nova Scotia in connection with a US$80 million multi-draw term loan financing to ENAP Sipetrol Argentina S.A., a subsidiary of the Chilean state-owned company Empresa Nacional del Petróleo, a leading vertically integrated oil and gas E&P company in Latin America and the guarantor of the borrower's obligations under the loan facility.
  • Haitong Bank amends and restates Arendal's secured term loan facilityJones Day advised Haitong Bank S.A. in connection with the amendment and restatement of an approximately $60 million secured term loan facility provided to Mexican engineering, procurement and construction company Arendal, S. de R.L. de C.V., as well as intercreditor and collateral security arrangements with the company's various other secured creditors, in connection with the out-of-court restructuring of approximately $175 million of the company's outstanding U.S. dollar denominated debt.
  • Citibank and BBVA-led syndicate of lenders provide $150 million financing to ENAP for expansion of offshore O&G facilitiesJones Day advised Citibank N.A. and Banco Bilbao Vizcaya Argentaria (BBVA) and certain of their respective affiliates as co-lead arrangers and as lenders in connection with a US$150 million multi-draw term loan financing to ENAP Sipetrol Argentina S.A., a subsidiary of the Chilean state-owned company Empresa Nacional del Petróleo, a leading vertically integrated oil and gas E&P company in Latin America and the guarantor of the borrower's obligations under the loan facility.
  • Syndicate of lenders provide $607 million financing to subsidiary of First Reserve to acquire Pemex assetsJones Day advised Banco Santander (Mexico) S.A.; Banco Nacional de Obras y Servicios Publicos, S.N.C. (Banobras); Banco Nacional de Mexico S.A., integrante del Grupo Financiero Banamex (Banamex); Natixis, New York Branch; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; and Intesa Sanpaolo S.P.A., New York Branch, as co-lead arrangers, in connection with the $607 million debt financing provided to a wholly-owned subsidiary of First Reserve to acquire from Petroleos Mexicanos (Pemex) an ultra-low sulfur gasoline facility located at the refinery Francisco I. Madero in Ciudad Madero, Tamaulipas Mexico (GUBA).
  • Crédito Real obtains $100 million unsecured syndicated term loan facilityJones Day represented Crédito Real, S.A.B. de C.V. Sofom, E.R., one of the principal payroll lending, durable goods financing, and microcredit finance companies in Mexico, in connection with its $100 million unsecured syndicated term loan facility provided by Credit Suisse AG.
  • Speaking Engagements

    • March 13 & 14, 2018
      12th Annual Latin American Energy & Infrastructure Finance Forum
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