Energy and Infrastructure Projects transactions


Represented a special purpose acquisition trust managed by Mexico Infrastructure Partners, in the acquisition and secured financing to fund the USD$6.2 billion acquisition of 12 combined-cycle power generation facilities and 1 wind power generation facility with a total installed capacity of 8.5 GW, which were part of the generation portfolio of Iberdrola in Mexico. Also represented Mexico Infrastructure Partners in the structuring and establishment of the acquisition trust and corresponding equity vehicle through a public offer of Series A-1 and Series A-2 certificados bursátiles fiduciarios de desarrollo (CKDs) that were subscribed and paid by the Mexican National Infrastructure Fund (Fondo Nacional de Infraestructura).

CLIENT:

Mexico Infrastructure Partners

PRACTICE AREA:

Energy and Infrastructure Projects

Mergers and Acquisitions

Capital Markets

CLOSING DATE:

February 2024

VALUE:

ND

OTHER FIRMS:

Greenberg Traurig México, Co-Counsel to MIP Cleary Gottlieb Steen & Hamilton LLP, Co-Counsel to MIP White & Case, Counsel to Banobras and FONADIN Milbank, Counsel to Barclays, BBVA Mexico, Santander Mexico, NAFIN and Bancomext Galicia Abogados, Counsel to Barclays, BBVA Mexico, Santander Mexico, NAFIN and Bancomext Mijares, Angoitia, Cortés y Fuentes, Counsel to Citibanamex Holland & Knight, Counsel to UMB Bank


We represented Concesionaria AT-AT, in the restructuring of its senior secured loan granted by Banco Santander, Banco Inbursa and Banobras in September 2017, to increase the maximum principal amount from MXN$5,310 million to MXN$7,200 million for the continuity of the development and construction of the highway known as "Atizapán-Atlacomulco", and in a MXN$2,214 million secured VAT loan to finance the VAT associated with the costs of such highway. 

CLIENT:

Concesionaria AT-AT

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

February 2024

VALUE:

MXN$7,200 million

OTHER FIRMS:

Nader, Hayaux y Goebel, como asesores legales externos de los acreditantes


We represented the lenders, including Sumitomo Mitsui Banking Corporation as lead arranger and lender, in a USD$235 million syndicated loan to MIP Cinco Gas, for the refinancing of the Morelos Gas Pipeline

CLIENT:

Sumitomo Mitsui Banking Corporation (SMBC)

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

December 2023

VALUE:

USD$235 million


We represented The Bank of Nova Scotia, as administrative and collateral agent, and The Bank of Nova Scotia, Scotiabank Inverlat, Sumitomo Mitsui Banking Corporation, MUFG Bank and Mizuho Bank, as senior lenders to a subsidiary of Brookfield, in a USD$280 million increase of a credit facility originally granted for the acquisition of one third participation in the Los Ramones natural gas pipelines.

CLIENT:

The Bank of Nova Scotia, Scotiabank Inverlat, Sumitomo Mitsui Banking Corporation, MUFG Bank and Mizuho Bank.

PRACTICE AREA:

Banking and Finance

Energy and Infrastructure Projects

CLOSING DATE:

November 2023

VALUE:

USD$280 Million

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes - Mexican Counsel to the borrower. Skadden LLP - NY Counsel to the borrower. Milbank, LLP - NY Counsel to the collateral agent and the senior lenders.


We represented Ainda, in the acquisition by its infrastructure and energy fund of an additional 4.4% interest in the offshore block 1.2, contract area 2, owned by Hokchi Energy, which resulted in a total participation of 8% in such offshore block.

CLIENT:

Ainda, Energía & Infraestructura

PRACTICE AREA:

Energy and Infrastructure Projects

Mergers and Acquisitions

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Mijares Angoitia Cortés y Fuente, S.C. - Counsel to Hokchi (Seller).


We represented Ainda, in securing coinvestment commitments, through the issuance of optional certificates and the structuring of a coinvestment vehicle for investors in its energy and infrastructure fund, for the acquisition of an additional 4.4% interest in the offshore block 1.2, contract area 2, owned by Hokchi Energy, which resulted in a total participation of 8% in such offshore block.

CLIENT:

Ainda, Energía & Infraestructura

PRACTICE AREA:

Energy and Infrastructure Projects

Capital Markets

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Creel, García-Cuéllar, Aiza y Enriquez - Co counsel


We 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.

CLIENT:

Sumitomo Mitsui Banking Corporation
ING Capital
The Bank of Nova Scotia

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

May 2023

VALUE:

ND

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Milbank LLP - New York counsel to The Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation and ING Capital LLC Galicia Abogados, S.C. - Mexican counsel to Esentia Hub Chávez Holding, S. de R.L. de C.V. and Esentia Energy Infrastructure B.V. Latham & Watkins LLP - New York counsel to Esentia Hub Chávez Holding, S. de R.L. de C.V. and Esentia Energy Infrastructure B.V.


We represented The Bank of Nova Scotia, as administrative and collateral agent, and The Bank of Nova Scotia, Scotiabank Inverlat, Sumitomo Mitsui Banking Corporation, and MUFG Bank as senior lenders, to a subsidiary of Brookfield, in a credit facility upsizing of around USD$40 million of a credit facility originally granted for the acquisition of one third participation in Los Ramones natural gas pipelines.

CLIENT:

The Bank of Nova Scotia
Scotiabank Inverlat
Sumitomo Mitsui Banking Corporation
MUFG Bank

PRACTICE AREA:

Banking and Finance

Energy and Infrastructure Projects

CLOSING DATE:

November 2022

VALUE:

USD$40 million

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes, S.C. - Mexican Counsel to the borrower Skadden LLP - NY Counsel to the borrower Milbank, LLP - NY Counsel to the collateral agent and the senior lenders


Escribe la descripción de esta imágen
Escribe la descripción de esta imágen

We make use of first party and third party cookies to improve your experience and our services by analyzing traffic in our website. If you continue browsing, then we shall consider that you are in agreement with our cookie policy

NEWSLETTER SUBSCRIPTION