Posse Herrera Ruiz advises Vial Montes de María on $185m Colombia road financing
Colombian law firm Posse Herrera Ruiz has acted as legal adviser to Sociedad Concesionaria Vial Montes de María and its sole shareholder Sacyr Concesiones Colombia on a credit facility for the financing of the development of the Puerta Del Hierro–Palmar De Varela y Carreto–Cruz Del Viso road as a concession awarded to the company by the country’s national infrastructure agency (Agencia Nacional de Infraestructura).
The concession is part of the second tranche of the so-called fourth generation of road projects.
The financing is governed by New York law and was signed with Banco Santander, Banco BTG Pactual – Cayman Branch, Banco BTG Pactual Chile and Citibank, and has a value of $185 million.
Posse Herrera Ruiz’s team was led by partner Mariana Posse (pictured) and included Jesús Albarrón, María Camila Ordoñez and Roberto Valenzuela.
