Energy and Infrastructure Projects transactions


We represented Ainda, in securing coinvestment commitments, through the issuance of optional certificates and the structuring of a coinvestment vehicle for investors in its energy and infrastructure fund, for the acquisition of an additional 4.4% interest in the offshore block 1.2, contract area 2, owned by Hokchi Energy, which resulted in a total participation of 8% in such offshore block.

CLIENT:

Ainda, Energía & Infraestructura

PRACTICE AREA:

Energy and Infrastructure Projects

Capital Markets

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Creel, García-Cuéllar, Aiza y Enriquez - Co counsel


We represented Sumitomo Mitsui Banking Corporation, ING Capital and The Bank of Nova Scotia, in a financing to Esentia Hub Chávez Holding, to acquire the rights and obligations under certain credit agreements entered into between Roadrunner Gas Transmission, Esentia Pipeline de Occidente, and Esentia Pipeline La Laguna.

CLIENT:

Sumitomo Mitsui Banking Corporation
ING Capital
The Bank of Nova Scotia

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

May 2023

VALUE:

ND

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Milbank LLP - New York counsel to The Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation and ING Capital LLC Galicia Abogados, S.C. - Mexican counsel to Esentia Hub Chávez Holding, S. de R.L. de C.V. and Esentia Energy Infrastructure B.V. Latham & Watkins LLP - New York counsel to Esentia Hub Chávez Holding, S. de R.L. de C.V. and Esentia Energy Infrastructure B.V.


We represented The Bank of Nova Scotia, as administrative and collateral agent, and The Bank of Nova Scotia, Scotiabank Inverlat, Sumitomo Mitsui Banking Corporation, and MUFG Bank as senior lenders, to a subsidiary of Brookfield, in a credit facility upsizing of around USD$40 million of a credit facility originally granted for the acquisition of one third participation in Los Ramones natural gas pipelines.

CLIENT:

The Bank of Nova Scotia
Scotiabank Inverlat
Sumitomo Mitsui Banking Corporation
MUFG Bank

PRACTICE AREA:

Banking and Finance

Energy and Infrastructure Projects

CLOSING DATE:

November 2022

VALUE:

USD$40 million

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes, S.C. - Mexican Counsel to the borrower Skadden LLP - NY Counsel to the borrower Milbank, LLP - NY Counsel to the collateral agent and the senior lenders


We represented MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Japan Bank for International Corporation, and MUFG Union Bank, as existing lenders, in connection with the prepayment of the existing facility for the borrower to allow the sale of its five operating electricity generation assets with a total capacity of 2.2GW: (i) Anáhuac (Río Bravo II) of 495MW; (ii) Lomas del Real (Río Bravo III) of 495MW; (iii) Valle Hermoso (Río Bravo IV) of 500MW; (iv) Electricidad Águila Altamira (Altamira II) of 495MW; and (v) Saltillo of 248MW, and an adjacent natural gas pipeline owned by a consortium including Mitsui, Tokyo Gas, JERA and Tohoku Electric Power, by Actis GP, representing USD$6,000 million of investable capital.

CLIENT:

MUFG Bank
Mizuho Bank
Sumitomo Mitsui
Japan Bank
MUFG Union Bank

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

November 2022

VALUE:

USD$6,000 million

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes, S.C. - Mexican Counsel to buyer Clifford Chance - US Counsel to buyer González Calvillo - Mexican Counsel to new lenders Milbank - US Counsel to new lenders Creel, García-Cuellar, Aíza y Enríquez, S.C. - Mexican Counsel to seller Allen & Overy - US Counsel to existing lenders. Clark Hill - US Counsel to the administrative agent and to collateral agent


We represented Citibanamex, Citibank, Scotiabank Inverlat and The Bank of Nova Scotia, in a USD$1,560 million unsecured senior financing to Infraestructura Marina del Golfo (IMG), to provide IMG with funds to repay existing indebtedness.

CLIENT:

Citibanamex
Scotiabank
Citibank
The Bank of Nova Scotia

PRACTICE AREA:

Banking and Finance

Energy and Infrastructure Projects

CLOSING DATE:

July 2022

VALUE:

ND

OTHER FIRMS:

White & Case, as New York counsel to Infraestructura Marina del Golfo White & Case, as Mexican counsel to Infraestructura Marina del Golfo Latham & Watkins, as New York counsel to Citibanamex, as Administrative Agent, and the lenders party to the credit agreement.


We represented International Finance Corporation (IFC), in a USD$35 million loan to Odata Colocation Mexico, to finance certain costs for the construction of a Data Center located in Quéretaro, Mexico with a capacity of 6.6MW, and to prepay certain existing debt.

CLIENT:

International Finance Corporation

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

June 2022

VALUE:

USD$35 million

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Norton Rose Fulbright US LLP, as external NY legal counsel to IFC Mayer Brown México S.C., as external MX legal counsel to Odata Colocation Mexico, S.A. de C.V. Mayer Brown NY, as external NY legal counsel to Odata Colocation Mexico, S.A. de C.V.


We represented Blackrock, in a joint acquisition with IGSA, as buyers, of Concecutex, an SPV which owns a long term services agreement with the Ministry of Education of the State of Mexico for the design, construction, operation and maintenance of the “Centro Cultural Mexiquense de Oriente”, located in the State of Mexico, Mexico.

CLIENT:

Blackrock

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

May 2022

VALUE:

ND

LEADER (S):

Jorge Oria y Anaya

OTHER FIRMS:

Larena, Trevilla, Fernández & Fábregas – Counsel to Sellers


We represented Ainda, in the acquisition of 3.6% of the participating interest in the offshore oil Block 1.2, contract area 2, owned by Hokchi Energy and E&P Hidrocarburos y Servicios.

CLIENT:

Ainda, Energía & Infraestructura

PRACTICE AREA:

Energy and Infrastructure Projects

Tax

CLOSING DATE:

May 2022

VALUE:

ND

OTHER FIRMS:

Mijares Angoitia Cortés y Fuente, S.C. - Counsel to Hokchi (Seller).


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