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 public-private partnerships (PPPs), private finance initiatives (PFIs), 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, bioethanol, 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, export, acquisition, and asset financing. He also advises local and international promoters and investors (including investment funds) in the renewable energy and infrastructure sectors, not just in the development area but also in the acquisition and sale of assets, as well as their financing.

Fernando has recently been the lead in advising Aberdeen in the acquisition of several brownfield assets in Spain; Grupo Sacyr in the financing and refinancing of various transport infrastructures; a Spanish developer in the sale of an 850 MW portfolio of photovoltaic plants to various investment funds; and Grupo Azvi in the acquisition, financing, and operation of certain rolling stock for the Toros project in Uruguay.

Experience

  • Aberdeen acquires Concesionaria de Prisiones Figueras, S.A.U.Jones Day advised Aberdeen Infrastructures in the acquisition of 100% of the shares in Concesionaria de Prisiones Figueras, S.A.U., a concessionary company of a contract regulating the granting of a surface right for the construction and maintenance of a building to be used as the penitentiary center of the municipality of Figueras (Catalonia) and the subsequent operation thereof through its leasing to the Generalitat de Catalunya, including advice related to the subrogation of the buyer in the project finance documents, especially the Sponsor Support Agreement and the Share Pledge Agreement.
  • ING Capital-led syndicate restructures financing of Can Misses Hospital project in Ibiza, SpainJones Day provided advice to ING Capital LLC-led syndicate on the restructuring (due to, among others issues, the sale of a majority stake of the project to financial sponsors) of the Can Misses Hospital (Ibiza, Spain) project financing granted in favor of the Concesionaria Can Misses, the concessionaire managing the non-medical premises of the Can Misses Hospital of Ibiza, Spain.
  • Enel Green Power España finances wind park in municipality of Fuendetodos (Zaragoza, Spain)Jones Day provided legal advice to Enel Green Power España in connection with a €20 million bridge loan and subsequent circa €17.5 million project financing of a 23.93 MW wind park located in the municipality of Fuendetodos (Zaragoza, Spain).
  • Aberdeen acquires 22% of the shares in Urbs Iudex et CausidicusJones Day advised Aberdeen Infrastructure in the acquisition of 22% of the shares in Urbs Iudex et Causidicus, S.A., a concessionary company for the construction, operation, and maintenance of the City of Justice of Barcelona, including advice related to the subrogation of the buyer in the project finance documents, especially the Sponsor Support Agreement and the Share Pledge Agreement.
  • Portren obtains financing for railway services in Paso de los Toros, UruguayJones Day provided legal advice to Portren, S.A., and its shareholders, Cointer Concesiones, S.L., and Christophersen, S.A., in connection with the procurement, transportation, and export financing for an initial amount of €97 million of rolling stock to be operated in Paso de los Toros, Uruguay.
  • Banco de Sabadell-led syndicate refinances wind farm projects in SpainJones Day provided advice to Banco de Sabadell, S.A. and a syndicate of lenders on the refinancing of an existing project financing granted in favor of the special purpose vehicle (SPV) owning several wind farms located in Spain.
  • Aberdeen refinances current financial debt in connection with concession of public building in Seville, Andalusia, SpainJones Day advised Aberdeen, as sponsor, in the refinancing of its current financial debt granted in connection with the concession of a public building located in Seville, Andalusia, Spain.
  • 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.
  • Infrastructure fund advised regarding bids for shadow toll roads and other infrastructure assetsJones Day advised infrastructure fund in connection with bids for shadow toll roads and other infrastructure assets.
  • 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).
  • 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.
  • Portigon restructures Cocheras de Jerez project and refinances parking lot projects in Jerez de la FronteraJones Day advised Portigon AG, Sucursal en España and other lenders in connection with the shareholding restructuring of the Cocheras de Jerez project and subsequent refinancing of the €31.5 million project financing for the construction, maintenance, and operation of three automobile parking lots in Jerez de la Frontera, Cadiz, Spain.
  • Banco Sabadell and other lenders restructure €100 million San Sebastián de los Reyes Hospital project in Madrid, SpainJones Day advised Banco Sabadell, S.A. and corresponding members of a larger syndicate on the shareholding restructuring of the €100 million San Sebastián de los Reyes Hospital project in Madrid, Spain.
  • Banco Santander restructures Autovía del Turía project and €120 million project financing of CV-35 highwayJones Day advised Banco Santander, S.A. and other lenders in connection with the shareholding restructuring of the Autovía del Turía project and corresponding €120 million project financing for the construction, maintenance, and management of the CV-35 highway, Tranche Valencia-Losa del Obispo, Valencia, Spain.
  • 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.
  • Caixabank, BBVA, and other lenders restructure €220 million Vigo Hospital project in Pontevedra, SpainJones Day advised Caixabank (f.k.a. Bankia, S.A.); BBVA, and other members of a larger syndicate, including the European Investment Bank (EIB), on the shareholding restructuring of the €220 million Vigo Hospital project in Pontevedra, 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.
  • 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