L&W advises VGMobility on E-Mobility project financing

Latham & Watkins has advised on the financing that will enable VGMobility to renew certain existing third-party concession fleets by replacing them with electric buses over time. This deal will allow VGMobility to introduce more than 1,000 new electric buses and related charging infrastructure in Bogotá over the next few years.

The transaction builds on VGMobility’s previous transactions comprising owned and third party concessions as it continues to grow its business in Colombia in line with Vitol’s global strategy to provide tailored green mobility solutions in selected markets.

This financing includes a feature designed to allow VGMobility to add new third party fleet-based projects to the financing structure.

This financing was arranged and provided by Société Générale, which also provided cross-currency and interest rate hedging.

L&W’s team was led by corporate partner Guido Liniado (pictured), assisted by Catalina Ucros. Hedging advice was also provided by partner Carlos Álvarez, with associate Jackie Rugart; and tax advice by partner Elena Romanova.

L Giselle Estrada