Holland & Knight was recognized by LatinFinance magazine for its advisory role in the financing of Colombia’s Pacifico 3 toll road project, a deal that was named Best Road Financing and Best Infrastructure Financing for the Andes Region. The awards were announced at LatinFinance’s annual Project & Infrastructure Finance Awards Dinner in New York on Sept. 29, 2016.
The Project & Infrastructure Finance Awards gather infrastructure developers, investors, financial executives, law firms and government officials to celebrate the standout institutions and transactions of the past year. The winners are selected by LatinFinance’s editorial team following a rigorous evaluation of data and discussion with market participants. The selection process takes into account the market significance or strategic importance of deals, the geographic reach, and how they were structured and executed.
A team of Holland & Knight attorneys led by partner Norberto Quintana advised Financiera de Desarrollo Nacional (FDN), Colombia's infrastructure development bank, to structure a secured credit enhancement line of credit for the toll road project. The Pacífico 3 project entails work on a 146-km stretch of highway in the Antioquia department of Colombia that is scheduled to take five years at a cost of more than $850 million.
The final structure, arranged by Goldman Sachs, includes seven tranches of secured debt. The financing was one of the first international project bonds in Colombia.
About Holland & Knight's Latin America Practice Group: Holland & Knight has one of the largest and most diverse Latin American practices among U.S. law firms. The Latin America Practice Group includes more than 100 attorneys with in-depth experience in cross-border mergers and acquisitions, joint ventures, private equity and financing transactions, and business disputes in and involving Latin America in commercial centers throughout the world.