Energy and Infrastructure

Represented a trust managed by Mexico Infrastructure Partners, in securing a guaranteed financing and in the acquisition, for a total of USD $6.2 billion, of 12 combined-cycle generation plants and 1 wind farm with a total capacity of 8.5 GW, which formed part of Iberdrola’s portfolio in Mexico.

Represented Mexico Infrastructure Partners, as tax advisors, in the structuring and establishment of the acquisition, and the CKD-issuing trust which were subscribed and paid by FONADIN, as well as in the subsequent conversion of the acquisition trust into a Fibra-E and the refinancing of a portion of the original financing through the issuance of bonds placed in international markets.

Represented Arroyo, in the sale of its controlling stake in Pemcorp, a 142 MW gas-fired power plant, to Fibra-E, and in the transfer of the corresponding international project financing.

Represented Concesionaria AT-AT, in the restructuring of its senior secured loan granted by Banco Santander, Banco Inbursa and Banobras, to increase the amount from MXN$5,310 million to MXN$7,200 million, to continue the development and construction of the "Atizapán-Atlacomulco" highway, and in a MXN$2,214 million secured VAT loan to finance the VAT associated with the costs of such highway.

Represented Sumitomo Mitsui Banking Corporation, ING Capital and The Bank of Nova Scotia, in a financing to Esentia Hub Chávez Holding, to acquire the rights and obligations under certain credit agreements entered into between Roadrunner Gas Transmission, Esentia Pipeline de Occidente, and Esentia Pipeline La Laguna.

Represented Credit Agricole CIB and a syndicate of banks, in a USD$440 million financing to Terminal Química Puerto México, a subsidiary of Braskem Idesa, for the development, construction, operation and maintenance of an ethane storage and transportation system in Coatzacoalcos, Veracruz, Mexico.

Represented EVM Energía, a joint venture with GE, in the sale of its 854 MW combined-cycle power plant to Valia. The advice included financing, construction and operation of the plant, as well as contracts with CFE Calificados, an EPC contract with GE, natural gas supply, permits, land tenure, and tax advice.

Represented Banobras, Fonadin and Banco Inbursa, in the restructuring of the long-term loans granted to Viaducto Bicentenario (a subsidiary of Aleatica), in the original amount of approximately MXN$5,800 million for the construction, exploitation, operation, conservation and maintenance of the "Viaducto Bicentenario" located in Mexico City.

Represented Ciclo Combinado Tierra Mojada (CCTM), in the refinancing of its debt which included an issuance by FEL Energy VI of its USD$953 million 5.750% Senior Secured Notes due in 2040; and a credit agreement of up to USD$170 million between CCTM and other financial institutions, all secured by the revenues and assets of CCTM´s 874.5 MW combined cycle power plant located in Jalisco, Mexico.

Represented Banorte, Banobras, BBVA México, SMBC and Banco Sabadell, in a syndicated senior loan to MEXIRRC for the integral modernization of the Line 1 Mexico City subway system, a loan for up to 90% of VAT reimbursement claims during project implementation, and the related interest rate hedging agreements.

Represented Banorte, Banobras, and SMBC, in a financing to Autopista Mante Tula, for the development and construction of the "Mante-Ocampo-Tula" toll road, with an extension of 100 km, in Tamaulipas, Mexico.