Our banking and financial services team has the experience and knowledge needed to advise local and foreign entities – both in the public and private sectors, as well as in the financial or real sector of the economy – on any type of regulatory matter before the Colombian authorities and financing transactions; including syndicated loans, structured financing, project finance, asset backed financing and implementation of collateral models.

We have provided assistance to clients in transactions that have been a milestone for our country and for the development of the financing practice in Colombia.
 

Portfolio of services
Local and international credits
  • Structuring of local and cross-border transactions.
  • Preparation of relevant credit documents.
  • Structuring, implementation and guarantee registration.
  • Issuance of legal opinions.
  • Debt restructuration and renegotiation.
     
Project finance
  • Comprehensive structuring of projects.
  • Implementation of various funding schemes.
  • Review of bankability of underlying agreements.
  • Design of guarantee schemes and payments cascade.
  • Negotiation of transaction agreements.
     
Aircraft funding
  • Aircraft leasing, insurance, reinsurance and mortgage agreements.
  • Advice on the aeronautical regulatory regime and the Cape Town Convention.
  • Legal opinions and briefs.
  • Visits and procedures before aeronautical authorities.
  • Registration of transaction agreements in the aeronautical registry.
     
Regulatory issues and proceedings before the Finance Superintendence
  • Preparation of briefs and opinions.
  • Doubts on financial regulatory matters.
  • Incorporation of supervised entities.
  • Accompaniment before government authorities.
  • Comprehensive advice for representative offices.
     
Financial due diligence
  • Review of financial documents.
  • Guarantee documents review.
  • Active and passive credit operations review.
     
Guarantees
  • Implementation of guarantees on first demand.
  • Implementation of commercial and stand-by letters of credit.
  • Implementation of guarantees under the URDG rules of the ICC.
     
Experience
Advisory to GOLDMAN SACHS, JP MORGAN SECURITIES and BANCO BILBAO ARGENTARIA as underwriters, in the different bond offerings of the Republic of Colombia in the US.

In addition, in the international markets registered with the US Securities Exchange Commission – SEC.

Advisory to BLACKROCK in the structuring, incorporation and fundraising of a local debt fund to invest in infrastructure projects located in Colombia.
Advisory to BANCOLOMBIA in the issuance of US$ 750 million of subordinated bonds with a return of 4.875% Tier II due in 2027.

The purchase of (i) US$ 360,912,000 subordinated bonds with a return of 6.125% due in 2020, and (ii) US$ 321,152,000 of subordinated bonds with a return of 6.125% due in 2022.

Provided legal assistance to ITAÚ UNIBANCO and ITAÚ BBA COLOMBIA in the structuring of a US$ 370,000,000 project financing to Sociedad Portuaria Puerto Bahía.

The purpose was for the construction, start-up, operation and maintenance of a multipurpose port located in the Bay of Cartagena, Colombia. The project sponsor is Pacific Infrastructure Ventures, Inc., a Pacific Rubiales Energy indirect subsidiary. 
 

Advisory to INTER-AMERICAN DEVELOPMENT BANK (IDB) in the development of a technical analysis required to study the prefeasibility of the Pacific Alliance Infrastructure Fund ("PAIF")

In order to establish an investment fund to finance private infrastructure projects, particularly considering the context and needs of Colombia and the regional nature of the Fund.

Advisory to BANCOLOMBIA, BANCO GENERAL, BANCO DE BOGOTÁ, BANCO DAVIVIENDA S.A. and BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA as creditors, in the negotiation of a credit agreement granted to Ajover and Nouvelle Colombia E.U.

The credit granted was with a tranche in dollars and a tranche in pesos to refinance their existing financial obligations.

Advisory to EVOLVERE CAPITAL acting as borrower and buyer, in a credit facility for an amount of COP$ 86,500,000,000

The credit was granted by Banco Davivienda and Banco Colpatria Multibanca Colpatria to Evolvere Capital for the acquisition of 28 companies.

Assistance to BANCO DE BOGOTÁ in the financing to acquire 5% of the shares of Oleoducto Central de Colombia from Inversiones Sol del Sur. The total value of the acquisition was USD$250,000,000.