Deal details
Rumichaca-Pasto 4G PPP Refinancing
Description
The Concessionaire is a second-wave 4G Private Public Partnership that consists of the design, financing, construction, improvement, rehabilitation, operation and maintenance of the corridor Rumichaca-Pasto, located in the Nariño province of Colombia, near the border with Ecuador.The Project involves the conversion of ~83km of Route 25 into a dual carriageway (with 25km alternative alignment for part of the route) and the required O&M activities. The Project also includes the construction of seven bridges with a total length of approximately 1,670m; and two toll stations, one newly built and one existing toll station, El Placer. The Project is under construction and as of October 2021, it is 94.51% complete.It is expected to reach COD by May 2022.
Assets involved
Companies involved
- Sumitomo Mitsui Banking Corporation (SMBC), Credit Agricole CIB, Societe Generale, Siemens Financial Services, MUFG
- Banco Davivienda, Financiera de Desarrollo Nacional (FDN), Bancolombia
- Sudamericana Integral de Construcciones (Sudinco), Sacyr
- Posse Herrera, Clifford Chance
- Infrata
- Marsh
- Mazars, Ernst & Young
- Sacyr , Sudamericana Integral de Construcciones (Sudinco)
- Inter-American Development Bank
- IDB Invest
- Societe Generale, Sumitomo Mitsui Banking Corporation (SMBC), MUFG
- Santander, JP Morgan, Goldman Sachs
- Philippi, Prietocarrizosa & Uría, Holland & Knight, Allen & Overy, Latham & Watkins, White & Case
- Goldman Sachs
- Colombian National Infrastructure Agency (ANI)
- JP Morgan, MUFG, Societe Generale, Sumitomo Mitsui Banking Corporation (SMBC)
- Goldman Sachs
- Steer
- Colombian National Infrastructure Agency (ANI)
- Sudamericana Integral de Construcciones (Sudinco), Sacyr
- Santander, JP Morgan
- Bancolombia
- Goldman Sachs, JP Morgan
- Posse Herrera
Key information
Fideicomiso P.A. Union del Sur
1083$m
10-02-2022
Transport / Road
Colombia
Project & Infrastructure Finance
Not PPP
Tranche information
Term Loan USD Tranche A
124$
Term Loan
124$m
US Dollar - USD
0
8.17 years
-
-
-
Participant | role | ticket size |
---|---|---|
Siemens Financial Services | MLA | 24$m |
Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 24$m |
Societe Generale | MLA | 24$m |
MUFG | MLA | 24$m |
Credit Agricole CIB | MLA | 24$m |
Letter of Credit
28$
Letter of Credit
28$m
US Dollar - USD
0
4.0 years
-
-
-
Participant | role | ticket size |
---|---|---|
Societe Generale | MLA | 4$m |
Siemens Financial Services | MLA | 4$m |
MUFG | MLA | 4$m |
Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 4$m |
Credit Agricole CIB | MLA | 9$m |
Term Loan USD Tranche B
151$
Term Loan
151$m
US Dollar - USD
0
15.17 years
-
-
-
Participant | role | ticket size |
---|---|---|
MUFG | MLA | 32$m |
Siemens Financial Services | MLA | 32$m |
Sumitomo Mitsui Banking Corporation (SMBC) | MLA | 32$m |
Societe Generale | MLA | 32$m |
Credit Agricole CIB | MLA | 23$m |
Term Loan COP Tranche
258$
Term Loan
258$m
Colombian Peso - COP
1,020,000,000
17.08 years
-
-
-
Participant | role | ticket size |
---|---|---|
Bancolombia | Lender | 100$m |
Financiera de Desarrollo Nacional (FDN) | Lender | 113$m |
Banco Davivienda | Lender | 43$m |
Social Bond
262$
Project Bond
262$m
US Dollar - USD
0
19.0 years
-
-
-
Participant | role | ticket size |
---|---|---|
IDB Invest | DFI/MDB direct lender | 135$m |
Liqudity Facility
258$
Term Loan
258$m
Colombian Peso - COP
3,140,000,000
8.33 years
-
-
-
Participant | role | ticket size |
---|---|---|
Bancolombia | Lender | 100$m |
Financiera de Desarrollo Nacional (FDN) | Lender | 113$m |
Banco Davivienda | Lender | 43$m |