AdolfoOsorio

Associate

Mexico City + 52.55.3000.4025

Adolfo Osorio focuses his practice on project finance in the areas of power, public procurement, real estate, regulatory, and Mexican energy reform. He has experience with awarding, structuring, risk assessment, negotiation, financing, and implementation of infrastructure projects relating to electricity, water, gas, and public infrastructure, including state and federal public-private partnerships (PPPs).

Adolfo has handled a wide range of contracts for the state-owned Federal Electricity Commission (CFE) (such as power generation projects under different schemes); Petróleos Mexicanos (Pemex) and its subsidiaries; power purchase agreements (PPA); engineering, procurement, and construction contracts (EPC); and operation and maintenance contracts (O&M), among others.

Adolfo has represented a variety of public and private entities, including developers and sponsors, investment bankers, financial institutions, private equity funds, and state and federal governments on infrastructure and energy projects, financings, and cross-border transactions.

Experience

  • Venezuelan woman and her children obtain asylumOn February 6, 2020, Jones Day successfully persuaded an immigration judge to grant asylum for client A and her son and daughter based on their persecution at the hands of the Venezuelan government for client A's political opinions.
  • Resilience Capital portfolio company merges business operations with those of Maysteel IndustriesJones Day represented Resilience Capital Partners LLC in connection with the merger of business operations of portfolio company, Porter's Group LLC, with those of Maysteel Industries, LLC, creating a leading custom sheet metal fabricator serving a number of industries.
  • PolyOne sells its Performance Products and Solutions business to SK Capital Partners for $775 millionJones Day advised PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, in its $775 million cash sale of its Performance Products and Solutions business to SK Capital Partners.
  • 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.
  • Banco Sabadell provides $175 million financing to Banco ActinverJones Day acted as counsel to Banco Sabadell, S.A., Institución de Banca Múltiple, as administrative agent, and other lenders party thereto in connection with a credit agreement for up to the aggregate principal amount of US$175 million provided to Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, acting solely and exclusively as trustee under Trust number 2957 for the development of two hotels to be operated as “all inclusive resort” under the Live Aqua (349 keys) and Fiesta Americana (735 keys) brands near Tulum-Quintana-Roo, Mexico.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Banco Santander and Banco Inbursa provide credit facility to Abent 3T for refinancing of 220 MW cogeneration plant in Tabasco, MexicoJones Day advised Banco Santander in Spain and Mexico and Banco Inbursa as mandated lead arrangers in the execution of a credit facility in Mexican pesos equivalent to US$381 million granted to Abent 3T, S.A.P.I. de C.V. for the refinancing of a 220 MW cogeneration plant located in the state of Tabasco, Mexico.
  • Cemex and Pattern Energy complete financial closing of sale of San Matias windfarmJones Day represented Cemex, S.A.B. de C.V. and Pattern Energy Group in the sale of 100% of the outstanding equity interest of Fuerza Eólica de San Matías, S. de R.L. de C.V., a project company which owns a 30 MW wind electricity generation project under development in Baja California, Mexico, commonly known as “San Matías”.
  • The following represents experience acquired prior to joining Jones Day.

    Represented Pemex in several audits related to E&P projects under the Round 1/Trion project, projects awarded to Chevron Energía de México and Inpex Corp., which included analysis and review of authorization processes, bidding proceedings, as well as the E&P agreements, area of mutual interest agreements, joint operating agreements, and joint bidding agreements executed with Pemex Exploración y Producción in connection with each E&P project.

    Represented First Reserve Energy, the largest global private equity investment firm exclusively focused on energy & natural resources, on a US$1.3 billion sale and leaseback of certain midstream assets to be installed in one refinery located in the State of Tamaulipas owned by Pemex Transformación Industrial, a subsidiary of Pemex.

    Represented Altán Consortium, a 10-company consortium led by Morgan Stanley Infrastructure, the International Finance Corporation, and Grupo Multitel (a Madrid-based telecommunications firm) in connection with its bid in Mexico's historic international public tender process for the development and deployment of a shared wholesale telecommunications' services network under a PPP agreement (Red Compartida).

    Represented AB Svensk ExportKredit, Banco Security, DNB Group, Agencia en Chile, KfW IPEX-Bank GmbH, and Sumitomo Mitsui Banking Corporation, as lenders, and Eksport Kredit Fonden, the Danish export credit agency, in the US$306 million project financing of the San Juan Project being developed by Latin America Power, a 185 MW wind electricity generation facility in the Province of Atacama, Chile and the related 220-kV, 86 km transmission line that will connect the project to Chile's Central Interconnected System (SIC).

    Represented a group of banking institutions led by Nacional Financiera S.N.C. in connection with the due diligence, structuring, and implementation of financing for the aggregate amount of approximately US$200 million of a wind-based private power generation project to be developed by Renovalia Energy International, S.L., a Spanish sponsor, and located in the State of Oaxaca, Mexico.

    Advised the Mexican Ministry of Health in connection with the structuring, budgetary approvals, and public bid for the construction, operation, and maintenance of the Ixtapaluca high-specialization hospital to be located in the State of Mexico, for approximately MXN$6.5 billion (US$500 million) under a PPP scheme.

    Represented Wyeth, S.A. de C.V. (an affiliate of Pfizer) in all matters related to an international public bid called by the Mexican Ministry of Health for the procurement of pneumococcal vaccines for 2011 and 2012 in connection with the National Vaccination Plan, which included the successful defense of Wyeth's interest against the administrative and constitutional challenge of the bidding process initiated by other competitors. Wyeth was awarded the contract to supply 2,410,000 doses of the vaccine with an aggregate value of approximately US$100 million.

    Represented Overseas Private Investment Corporation (OPIC) and Corporación Andina de Fomento (CAF) in connection with the MXN4.065 billion (approximately US$320 million) securitization of certain revenues of the public registry of property administered by IFREM (Instituto de la Función Registral del Estado de Mexico), an institute created by the State of Mexico. This Mexican securitization deal was selected as "2010 Best Structured Financing Deal" and "2010 Best Innovation Deal" by LatinFinance magazine and as "2010 Latin America Domestic Currency Bond of the Year" by International Financing Review magazine.

    Represented Mizuho Corporate Bank, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, and the Japan Bank of International Cooperation in their participation in the public bid for a potential IPP project for the construction, ownership, and operation of a combined-cycle gas turbine power plant and related facilities at El Encino, State of Chihuahua.

    Represented the consortium formed by Korea Water Resources Corporation, Samsung C&T Corporation, TECHINT, Samsung Engineering, and VISE in preparing its proposal for an international public bid before the National Water Agency (CONAGUA), related to a 25-year concession for the design, financing, construction, equipment, operation, and maintenance of a water treatment plant, including an aqueduct to be located in the states of Jalisco and Guanajuato.

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