Project Finance
Latin America Guide 2025 : International Counsel
Band 3
Contact number
+1 212 558 4740About
Provided by Sullivan & Cromwell LLP
Precedent-Setting Work. Throughout our decades of work in the region, the Firm has shepherded many of the largest and first-of-their-kind energy, natural resources and infrastructure projects, mitigating and managing risk for sponsors and lenders under difficult market and political conditions.
Complex, Multi-Source Financed Projects. We bring challenging projects with complex multi-source finance plans to a successful financial close. The average size of S&C’s total project financings in Latin America amounts to nearly $1 billion (close to half of our financings globally), and more than half are valued at over $750 million. We engage with the region’s most important and novel energy, natural resource and infrastructure projects from all angles, including through our M&A, joint venture and other financing work.
Unique Sponsor/Borrower Orientation. We have a uniquely sponsor/borrower-focused practice, with nearly 80 percent of our work advising these types of clients on the full spectrum of development and financing matters, ranging from shareholder and joint venture arrangements, to host government agreements and the development and execution of a finance plan. Because most of S&C's project financings (in Latin America and worldwide) involve multiple sponsors, we understand the importance of addressing the separate commercial concerns and economic objectives of each sponsor within a consortium.
Chambers Review
Sullivan & Cromwell has a celebrated project finance department with a strong relationship with key regional developers. The team is best known for its sterling track record advising on the financing and development of major mining projects. Sullivan & Cromwell has substantial experience acting on complex mandates in various Latin American countries, especially Chile, Colombia and Mexico.
Work Highlights
- Sullivan & Cromwell advised Minera Centinela on the project financing for the approximately USD4 billion expansion of its copper mine in the Antofagasta region in Chile.
Strengths
Provided by Chambers
"Sullivan & Cromwell offer quick responses, efficiency and innovative problem-solving capabilities. They have an experienced team with solid legal and financial knowledge."
"Sullivan & Cromwell offer quick responses, efficiency and innovative problem-solving capabilities. They have an experienced team with solid legal and financial knowledge."
Notable Practitioners
Reputed partner Sergio Galvis remains a first port of call for the financing and development of mining projects in Latin America, particularly in the key Chilean and Peruvian markets. He is held in high esteem by market commentators for his expertise in this area.
"Sergio Galvis suggests very smart and sophisticated solutions to complex issues. He provides very effective advice."