IDB Invest’s B-Bond for the Central Railroad Line Project in Uruguay

Clifford Chance has advised IDB Invest, CAF, CAF-AM, Intesa, SMBC and Allianz on the deal.

IDB Invest, CAF, CAF-AM, Intesa, SMBC and Allianz as lenders in connection with the US$250 million senior facility through a fixed rate B-bond for the Central Railroad Line Project in Uruguay. The proceeds will be used to refinance existing debt and improve the project’s overall financing terms and conditions.

This is the largest B-bond structured by IDB Invest. The project aims to enhance the connectivity and integration in the interior of Uruguay with its capital, Montevideo and is expected to contribute to four of the United Nations Sustainable Development Goals.

Clifford Chance’s Partner Jessica Springsteen (Picture) led on the deal with special legal consultant Patricio Abal, associates Trevor Nichols and Lauran Smith, partner Jonathan Zonis and law clerk Joyce Moore, partner José Guardo and abogado Antonio Sánchez-Cirujano.

Involved fees earner: José Guardo – Clifford Chance; Trevor Nichols – Clifford Chance; Antonio Sánchez-Cirujano – Clifford Chance; Lauran Smith – Clifford Chance; Jessica Springsteen – Clifford Chance; Jonathan Zonis – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Allianz; CAF (Construcciones Y Auxiliar de Ferrocarriles); CAF-AM Administradora de Activos Uruguay S.A.; IDB Invest; Intesa; Sumitomo Mitsui Banking Corporation;

Giulia Di Palma

Author: Giulia Di Palma