June 30, 2023
Posse Herrera Ruiz acted as Colombian counsel to TMF Colombia Ltda, as collateral agent, in connection with the refinancing of the 4G road project connecting Pamplona and Cúcuta.
The refinancing was structured through a USD $400 million social bond, a multi-trench USD $165 million loan, and another bank loan in Colombian pesos equivalent to USD $77 million.
The refinancing received a social qualification by Moody’s ESG Solutions.
Relevance of the project:
Pamplona-Cúcuta will improve road connectivity in Colombia, especially in the border to Venezuela, promoting the social and economic development of the northeastern region of Colombia.
Thus, the road will reduce travel times and transport costs, directly impacting over 782,000 people locally.
Several social and environmental program-related actions have been launched, including training sessions, tree planting, supporting entrepreneurial projects, health brigades and others. Additionally, over 5,000 direct jobs were created across different project stages, which contribute to the development of the region and local communities.
Link to public information: https://www.unionvialriopamplonita.com/documents/120674130/e3e83979-cbbe-8d50-d91a-2654c1e199bd
LEGAL ADVISORS
COUNSEL TO TMF COLOMBIA LTDA
Posse Herrera Ruiz
| Leading Partner(s) | Jesús Albarrán |
| Other Lawyers | Catalina Posada, Lucero Gómez |
Ross PLLC (New York)
| Leading Partner(s) | Jonathan Ross |
| Other Lawyers | Sabrina Pociello |
COUNSEL TO LENDERS
Cuatrecasas
| Leading Partner(s) | Manuel Quinche |
| Other Lawyers | Natalia Arango, Catalina Herrera, Felipe Londoño |
Clifford Chance (New York)
| Leading Partner(s) | Fabricio Longhin, José Guardo, Mariana Estévez |
| Other Lawyers | Hugo Triaca, Alejandro Leon, Fernando Liu, Daniel Justus |
COUNSEL TO SACYR CONCESIONES
Castro Leiva Rendón Abogados
| Leading Partner(s) | Marcela Castro Pineda, Natalia Uribe Baquero |
| Other Lawyers | Carlos Hernandez |
King & Spalding (New York)
| Leading Partner(s) | Fradyn Suárez |
| Other Lawyers | Conrad Axelrod, Jennifer Neilsson, John Sweet, Jessica Mendoza, Verónica Orantes |
