Cases & Deals

Autopistas del Sol, S.A. completes $300 million Rule 144A and Reg S offering and concurrent public offering of $50.75 million of Senior Secured Notes in Costa Rica

Clients Autopistas del Sol, S.A.

Jones Day represented Autopistas del Sol, S.A. in connection with a Rule 144A and Regulation S offering by Autopistas del Sol of $300 million aggregate principal amount of 7.375% Senior Secured Notes due 2030. Concurrently with the Rule 144A and Regulation S offering, Autopistas del Sol offered $50.75 million in aggregate principal amount of 6.80% of Senior Secured Notes due 2027 to certain investors in Costa Rica pursuant to a separate Costa Rican prospectus in a public offering approved by Costa Rica’s General Superintendency of Securities. Citigroup Global Markets Inc. acted as sole global coordinator and bookrunner for the offering.

This transaction represented the first concurrent and international bond issuance in Costa Rica and was recognized by Latin Finance magazine as Best Infrastructure Financing in Central America for 2017. In March 2018, the transaction was also recognized by IJGlobal at the IJGlobal Awards 2017 ceremony as the winner of the "Latin America Project Bond" award.

Autopistas del Sol is a wholly-owned subsidiary of Global Vía Infraestructuras, S.A., a Spanish leader in infrastructure concession management. Based in Costa Rica, Autopistas del Sol is the only private toll operator in Costa Rica and operates a toll road that runs approximately 76.8 kilometers from San Jose, the country’s capital and most populous city, to the Port of Caldera, the launch point for both cruise and freight ships in the Pacific coast.