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.
Millicom's subsidiary Telefónica Celular del Paraguay S.A.E. completes $250 million International re-tap offering of Senior NotesJones Day represented Telefónica Celular del Paraguay S.A.E. (“Telecel”) in connection with a $250 million Rule 144A and Regulation S re-tap offering to Telecel’s $300 million 5.875% Senior Notes due 2027 issued in April 2019.
Cable Onda completes $600 million notes offeringJones Day represented Cable Onda, a Panamanian subsidiary of Millicom International Cellular, in connection with a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 4.500% Senior Notes due 2030.
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.
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.
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 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.
Millicom International Cellular sells and lease back towers to American Tower in Paraguay for approximately Gs700 billion (US$125 million)Jones Day advised Millicom International Cellular S.A. and its subsidiary Telefonica Celular del Paraguay S.A. in the sale of approximately 1,400 wireless communications towers to a subsidiary of American Tower Corporation ("ATC") in Paraguay for approximately Gs700 billion (US$125 million) in cash.
Empresa de Generación Eléctrica Santa Lorenza S.A.C. obtains bridge loan financing from CIFI for hydro project in PeruJones Day represented Empresa de Generación Eléctrica Santa Lorenza S.A.C., as concessionaire and sponsors, in connection with a bridge loan financing from CIFI for a hydro project in Peru.
Major financial institution provides $100 million financing to Brazilian fuel distributorJones Day represented a major financial institution in connection with a $100 million 5-year term loan facility provided to a Brazilian fuel distributor.
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.
Inter-American Development Bank finances upgrade of public roadway lighting systemsJones Day represented the Inter-American Development Bank, the Inter-American Investment Corporation, the Canadian Climate Fund for the Private Sector of the Americas, and the Clean Technology Fund in a financing package of US$18.5 million with Inversiones y Asesorias en Telecomunicaciones e Informatica SpA (Itelecom) to upgrade public roadway lighting systems to high efficiency LED technology in eight municipalities in Chile.
IIC, Inter-American Development Bank, and China Co-Financing Fund for Latin America and Caribbean Financing provide financing to CelsolJones Day represented IIC, Inter-American Development Bank, and the China Co-Financing Fund for Latin America and the Caribbean Financing in the financing provided to Celsol, SAPI de CV to be used in connection with a municipal lighting project in Baja, California.
ING Bank, HSBC Bank, Citibank, ABN AMRO, and Société Générale provide $250 million export prepayment finance facility to Louis Dreyfus Commodities BrasilJones Day represented ING Bank N.V., as lender and administrative agent, HSBC Bank USA; Citibank N.A.; ABN AMRO Bank N.V.; and Société Générale, as lenders, in connection with a $250 million unsecured export prepayment finance facility provided to Louis Dreyfus Commodities Brasil S/A.
Inter-American Development Bank provides credit facility to PronacaJones Day represented the Inter-American Development Bank in connection with a revolving credit facility provided to Procesadora Nacional de Alimentos C.A. (Pronaca), Ecuador’s largest food processing company and the first nonfinancial business to establish a special-purpose vehicle to provide working capital financing to its supply chain composed of small-scale farmers in Ecuador.
Inter-American Development Bank provides financing for installation of 3 MW rooftop solar array for CorinsaJones Day represented Inter-American Development Bank in connection with a $5 million secured loan for Corporación Industrial del Norte, SA (Corinsa), a bottling company, for the installation of a 3 MW rooftop solar array at its facilities in Honduras.
Financial institution provides financing to one of Brazil's largest ethanol exportersJones Day represented a financial institution in connection with the increase of an existing credit facility from $30 million to $100 million for one of Brazil's largest ethanol exporters.
Inter-American Development Bank provides financing to fund biofuel initiativesJones Day represented the Inter-American Development Bank and China Co-Financing Fund for Latin America and the Caribbean in connection with a $100 million loan to a Latin America-based bank to fund biofuel initiatives.
The following represents experience acquired prior to joining Jones Day.
Represented a U.S. lender in connection with the $182 million acquisition financing of a Mexican REIT.
Represented the lender in a $45 million financing for the construction of a biomass energy generation facility in Honduras.
Represented the lender in a $65 million financing of a natural gas and gas product exploitation and thermoelectric generation project in Peru.
Represented the sponsor in the $420 million sale of shares of a Panamanian toll road concessionaire to the government of Panama.
Represented the development bank in connection with a $60 million financing of a Peruvian financial institution.
Represented the lender in a $50 million bilateral facility of a global corporate group.
Represented the issuer and operator of a toll road in connection with the redemption of $150 million project bonds.
Represented the lender in the 1 billion peso loan to a subsidiary of a Mexican construction company.
Represented a Mexican corporation as borrower in a $182 million loan from a large global financial institution.
Represented a global financial institution in connection with the proposed $450 million acquisition financing of U.S. and Mexican borrowers.
Represented a multilateral financial institution in a $10 million loan to a corporate group for the expansion of telecommunication operations in Argentina, Chile, and Uruguay.
Represented a multilateral financial institution in the $137 million financing of a port terminal in Brazil.
Represented the issuer in connection with a $160 million project bond financing for the construction of a toll road in the Dominican Republic.
Represented a U.S. lender in connection with a $50 million loan to a Mexican steel company.
Represented IDB in connection with a 80 million peso loan to a Mexican financial institution.