FernandoLillo

Of Counsel

Madrid + 34.91.520.3989

Fernando Lillo, with more than 20 years of experience, advises clients on lending and structured finance and is recognized as a leading lawyer in Spain for PPP, PFI, and project finance, and in the infrastructure and renewable energy development markets.

Most of Fernando's recent representations focus on renewable energy (wind parks, mini hydraulic, biomass, cogeneration, solar, and thermal solar plants) and infrastructure projects (toll roads, highways, parking lots, wastewater treatment plants, hospitals, sports centers, hotels, and nursing homes, among others), including administrative concessions. His experience encompasses all types of credits, loans, and security packages in project, corporate, acquisition, and asset financing. He also advises local and international promoters and investors (including investment funds) in the renewable energy and infrastructure sectors, and in both acquisitions and asset sales, as well as their financing. In addition, he advises and acts as the secretary of the board of directors of various companies.

Fernando's most relevant engagements include advising on Aberdeen Asset Management's recent investments in more than eight infrastructure assets in the Iberian region; the representation of Grupo Sacyr in the financing and refinancing of certain of its infrastructure operational vehicles; the representation of the Hospital de Toledo consortium in the closing of its recent financing; and the representation of a club deal in the restructuring of a wind portfolio owned by Eolia Renovables. Other representative clients include BBVA, Banco Popular, Banco Santander, Caixabank, Grupo Aldesa, Grupo Ortiz, Haitong Bank, and ICO.

Experience

  • Sacyr Concesiones S.L. obtains $451.5 million project financing for Colombian toll road projectJones Day represented Sacyr Concesiones S.L., as sponsor, Unión Vial Río Pamplonita S.A.S., as concessionaire, and Fideicomiso Unión Vial Río Pamplonita S.A.S., as borrower, in connection with a $451.5 million long-term project financing, consisting of a U.S. dollar tranche and Colombian Peso debt tranches, provided by a syndicate of major financial institutions led by Deutsche Bank AG, New York Branch and JPMorgan Chase Bank, N.A.
  • Aberdeen Infrastructure acquires 47.5% of Autopista del Guadalmedina, Concesionaria Española, S.A.U.Jones Day advised Aberdeen Infrastructure (HoldCo) B.V. in the acquisition of 47.5% of the share capital and related financing of the Spanish company Autopista del Guadalmedina, Concesionaria Española, S.A.U., the concessionaire that manages the Guadalmedina highway (AP-46 Málaga – Las Pedrizas).
  • MM Capital Partners to acquire 25% stake in two shadow toll road concessions in Madrid, SpainJones Day is advising MM Capital Partners Co., Ltd. in its acquisition of a 25% stake in two shadow toll road concessions in Madrid, Spain (Concesiones de Madrid, S.A.U. and Ruta de los Pantanos, S.A.U.) from Globalvia Inversiones, S.A.U., belonging to Globalvia Group.
  • Ferro expands receivables purchase programJones Day advised Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, in connection with the expansion of its receivables purchase program with ING Belgium in Europe.
  • 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.
  • BNP Paribas provides advice to SPV owned by ENGIE for financing construction of 50MW photovoltaic solar plant in SpainJones Day provided legal advice to BNP Paribas in connection with the financing granted to a SPV entirely owned by the ENGIE Group that will construct, develop, and exploit a photovoltaic solar plant of 50MW of nominal installed capacity to be located in the south of Spain.
  • Teyma Group obtains $45 million financing from Newfoundland Capital ManagementJones Day represented Teyma Sociedad de Inversion, S.A. and certain other subsidiaries of Abengoa S.A. in Uruguay ("Teyma Group") in connection with a $45 million financing provided by Newfoundland Capital Management to fund the purchase of the Teyma Group's outstanding financial debt and provide additional liquidity to the Abengoa Group for the development of current and future projects in Uruguay.
  • Sacyr Group obtains financing of up to €43 million (US$48.8 million) for construction of extension of public works concession agreementJones Day provided legal advice in connection with the €43 million (US$48.8 million) project financing for the construction of Phase II of a public works concession agreement.
  • Sacyr and HCC sponsor Rumichaca-Pasto road project in ColombiaJones Day represented Sacyr S.A. and Herdoiza Crespo Construcciones S.A., as sponsors, in connection with a bridge loan financing for the Rumichaca-Pasto road project located in Colombia.
  • Terminal Portuario Paracas obtains $183 million long term financing for port expansion in Pisco, PeruJones Day represented Terminal Portuario Paracas S.A., as concessionaire, and Servinoga S.L, Pattac Empreendimentos e Participações S.A., and Tucumann Engenharia e Empreendimentos Ltda., as sponsors, in connection with a $183 million long term financing to fund construction costs relating to the expansion of the Pisco port in Peru.
  • Spanish construction and services company Sacyr and Marguerite Fund refinance one of its Spanish road infrastructure assetsJones Day provided legal advice to Sacyr, Valoriza Conservación de Infraestructuras and Marguerite Silver in connection with the refinancing, through a bond issuance listed in Frankfurt, of the Arlanzón highway project located in Spain.
  • Syndicate of financial entities refinances debt for construction of thermal solar plant in Fuente Palmera, Guadalcázar, and Almodóvar del Río (Cordoba), Andalusia, SpainJones Day advised a syndicate of seven (7) financial entities (among which BBVA acts as Agent) in connection with the refinancing of a debt of maximum €293.1 million granted for the construction, maintenance, and exploitation of a thermal solar plant of 49,9 MW of nominal installed power (together with the evacuation infrastructures), located in the municipalities of Fuente Palmera, Guadalcázar, and Almodóvar del Río (Cordoba), Andalusia, Spain (the "Plant").
  • Toledo Hospital consortium obtains financing for Toledo University Hospital project in SpainJones Day represented a Toledo Hospital consortium in connection with the financing of the construction, maintenance, and exploitation of the Toledo University Hospital in Spain.
  • Banco de Sabadell and Caixabank refinance ten wind parks in SpainJones Day represented Banco de Sabadell, S.A. and Caixabank, S.A. in the refinancing of ten wind parks located in Spain, sponsored by Eolia Renovables.
  • Aberdeen Infrastructure acquires additional share capital of concession company, achieving 100 percent participationJones Day advised Aberdeen Infrastructure (HoldCo) B.V. in its acquisition of an additional participation in the share capital of a concession company managing a hospital, achieving a 100 percent participation.
  • UniCredit Bank refinances La Carracha projectJones Day represented UniCredit Bank AG in the €13.05 million refinancing of the La Carracha project.
  • UniCredit Bank refinances Plana de Jarreta projectJones Day represented UniCredit Bank AG in the €12.5 million refinancing of the Plana de Jarreta project.
  • Banco Popular provides financing for US$14 million of credit rights by Ingenieria y Servicios ADM, S.A. de C.V.Jones Day advised Banco Popular Español, S.A. in connection with a US$14 million assignment of credit rights by Ingenieria y Servicios ADM, S.A. de C.V.
  • FIEM provides financing to COCESNA for procurement of new PSR Radar system on MSSR-S in Las Nubes, NicaraguaJones Day advised Fondo para la Internacionalización de la Empresa (FIEM) in connection with a project sponsored by Corporación Centroamericana de Servicios de Navegación Aérea (COCESNA) consisting of the procurement of a new PSR Radar system jointly assembled on the MSSR-S in Las Nubes, Nicaragua.
  • FIEM provides financing to COCESNA for renewal and expansion of airspace security system in Costa Rica and BelizeJones Day advised Fondo para la Internacionalización de la Empresa (FIEM) in connection with a project sponsored by Corporación Centroamericana de Servicios de Navegación Aérea (COCESNA) consisting of the renewal and expansion of an integrated security system for airspace in Costa Rica and Belize.
  • Speaking Engagements

    • 10 de junio de 2014
      Reformas Constitucionales en México: transformando el sector energético
    • 22 de marzo de 2012
      Nuevos Retos En La Financiación De Proyectos
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