Carlos T. Albarracín

Partner

Practice Description

Representative Matters

• Currently representing Empresas Públicas de Medellin E.S.P. in connection with the financing for the 600 MW Porce III hydroelectric complex.
• Currently representing the sponsors and the project company in connection with a $140.1 million secured financing to be provided by Inter-American Development Bank and a group of commercial banks (as B Loan participants) for the construction and operation of a fully-private, public-use, greenfield container port with infrastructure and superstructure for container berths, warehousing and logistics facilities in the state of Santa Catarina, Brazil.
• Represented Pan American Energy LLC, Argentine Branch in a $200 million syndicated financing arranged by Calyon, JP Morgan Securities Inc. and ABN AMRO Bank, N.V. 
• Represented Organización Terpel S.A., a Colombian gasoline distribution and commercialization company, in connection with a $250 million financing arranged by J.P. Morgan Securities for the acquisition of REPSOL's gasoline distribution business in Chile.
• Represented Empresa de Energía de Bogotá S.A. E.S.P., a Colombian electricity company, in a Rule 144A/Regulation S offering of $610 million 8-year notes. The initial purchasers of the notes were ABN AMRO Inc. and ABN AMRO Bank, N.V.
• Represented J.P. Morgan Securities Inc. and Merrill Lynch & Co. as dealer-managers in connection with a tender offer for the outstanding Rule 144A notes of Transportadora de Gas del Sur S.A. (TGS), an Argentine operator of natural gas pipelines, and as initial purchasers in a Rule 144A/Regulation S offering of $500 million 10-year notes by TGS.
• Advised Sociedades Bolivar S.A. in a $65 million acquisition financing provided by Credit Suisse International for the acquisition of Bancafe by Sociedades Bolivar's affiliate Banco Davivienda S.A.
• Represented Interconexión Eléctrica S.A. E.S.P., Colombia’s largest electricity transmission company, in its contemplated Rule 144A/Regulation S international equity offering of American Depositary Receipts.
• Represented Transportadora de Gas del Interior S.A. E.S.P., Colombia’s largest natural gas pipeline company, in a Rule 144A/Regulation S offering of $750 million 10-year notes. The initial purchasers of the notes were ABN AMRO Incorporated and ABN AMRO Bank, N.V.
• Represented Empresa de Energía de Bogotá S.A. E.S.P. and its subsidiary Transportadora de Gas del Interior S.A. E.S.P. in a $1.5 billion financing for its acquisition of the assets of Empresa Colombiana de Gas (Ecogas), a state-owned natural gas pipeline company recently privatized by the government of Colombia, arranged by ABN AMRO Bank, N.V.
• Represented ISA Capital do Brasil S.A. in a Rule 144A/Regulation S offering of $354 million in 10-year notes and $200 million in 5-year notes secured by a pledge in the shares of Companhia de Transmissão de Energia Elétrica Paulista – CTEEP, Brazil’s second-largest power transmission company. The initial purchasers of the notes were JPMorgan Securities Inc., ABN AMRO Incorporated and ABN AMRO Bank, N.V.
• Represented Interconexión Eléctrica S.A. E.S.P. (ISA) and ISA Capital do Brasil S.A. in a $352 million bridge credit facility to finance a public tender offer (oferta pública de aquisição) for the acquisition of shares representing 39.28% of the common stock of Companhia de Transmissão de Energia Elétrica Paulista – CTEEP. The financing was provided by JPMorgan Chase Bank N.A. and ABN AMRO Bank, N.V.
• Represented Interconexión Eléctrica S.A. E.S.P. (ISA) in a $550 million financing arranged by JPMorgan Securities, Inc. and ABN AMRO Bank N.V. for the acquisition of a controlling interest in Companhia de Transmissão de Energia Elétrica Paulista – CTEEP, Brazil’s second –largest power transmission company, through a privatization auction conducted by the government of the State of São Paulo on the Bolsa de Valores de São Paulo (São Paulo Stock Exchange).
• Represented Fondo de Inversión Privado Bío-Bío, as borrower, in a $240 million financing arranged by JPMorgan Securities, Inc. for the acquisition by the borrower of 100% of the equity interests in Forestal Bío-Bío S.A., Norwood S.A., and Sociedad Agrícola y Forestal Alepué Limitada, secured by a pledge in forestry assets owned by the acquired entities and future receivables of the borrower arising form purchases of timber by Celulosa Arauco y Constitución S.A. under a long-term supply contract.
• Represented the International Finance Corporation (IFC) in connection with the restructuring of approximately $600 million in bank debt and Rule 144A and Regulation S Notes of Transportadora de Gas del Norte S.A. (TGN), an Argentine operator of natural gas pipelines.
• Represented Prospecta Minera Ltda. and Citicorp International Finance Corp. in connection with the sale of 99.3% of Sociedad Punta de Lobos S.A., Latin America’s largest salt producer, to K+S Aktiengesellschaft for a reported price of approximately $500 million.
• Represented Interconexión Electrica S.A. E.S.P. (ISA) and Empresa de Energía de Bogotá S.A. E.S.P. in connection with its acquisition of 85% of the shares of Consorcio Transmantaro S.A., a Peruvian power transmission company, from Hydro Québec International, Inc., a subsidiary of Hydro Québec, and Fonds de solidarité des travailleurs du Québec.
• Represented Central Costanera S.A., an Argentine electricity generation company, in connection with a $30 million financing with Credit Suisse First Boston International, secured by a pledge on a combined cycle power plant.
• Represented Companhia Vale Do Rio Doce (CVRD) and Aluminio Brasileiro S.A. (ALBRAS), a Brazilian company jointly owned by CVRD and Nippon Amazon Aluminum Co., Ltd., in connection with a $300 million financing arranged by Japan Bank for International Cooperation (JBIC) secured by certain aluminum export-receivables of ALBRAS and partially guaranteed by CVRD.
• Represented Empresa Nacional del Petróleo (ENAP), Chile’s state-owned oil and gas company, MAN Ferrostaal AG and Técnicas Reunidas S.A., as sponsors, in connection with certain amendments to a $100 million financing arranged by BNP Paribas and partially insured by Compañía Española de Seguro de Crédito a la Exportación (CESCE), Spain’s export credit agency, for the development and construction of a mild hydrocracking facility at a diesel refinery in Talcahuano, Chile.
• Represented the lenders’ committee of Transportadora de Gas del Sur S.A. (TGS), an Argentine operator of natural gas pipelines, in connection with the restructuring of $1.02 billion in bank debt and Rule 144A and Regulation S Notes.
• Represented Sideco Americana S.A. with respect to its restructuring of $125 million in notes issued under Rule 144A and Regulation S, through an acuerdo preventivo extrajudicial governed by Argentine law and a concurrent exchange offer and consent solicitation in the United States.
• Represented Interconexión Eléctrica S.A. ESP (ISA) in the financing of a $295 million expansion project that includes two transmission lines and related substations for the Primavera – Bacatá and the Primavera – Ocaña – Copey – Bolivar line, financed by Corporación Andina de Fomento, Euler Hermes, Kreditanstalt Für Wiederaufbau (KfW) and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO).
• Represented Companhia Vale Do Rio Doce (CVRD) in connection with the amendment and restatement of a $400 million syndicated credit facility arranged by The Bank of Tokyo-Mitsubishi Ltd. and covered by a political risk insurance policy issued by Nippon Export and Investment Insurance for the development of the Sossego copper mine in the state of Pará, Brazil.
• Represented Empresa Nacional del Petróleo (ENAP), Chile’s state-owned company, MAN Ferrostaal AG, Técnicas Reunidas S.A. and Foster Wheeler Iberia S.A.U., as sponsors, in connection with a $410 million financing for the development, construction and operation of a delayed coker complex at ENAP’s Aconcagua Refinery in Concón, Chile. This transaction is being structured as a 15-year Build-Operate-Transfer (BOT) project.
• Represented Empresa Nacional del Petróleo (ENAP), Chile’s state-owned oil and gas company, MAN Ferrostaal AG and Técnicas Reunidas S.A., as sponsors, in connection with a $100 million financing arranged by BNP Paribas and partially insured by Compañía Española de Seguro de Crédito a la Exportación (CESCE), Spain’s export credit agency, for the development and construction of a mild hydrocracking facility at a diesel refinery in Talcahuano, Chile. This transaction was structured as a 13-year Build-Operate-Transfer (BOT) project.
• Represented Interconexión Electrica, S.A. ESP (ISA) and certain of its affiliates, as sponsors, in connection with an $80 million project involving the construction and operation of two electricity transmission lines and associated substations in Bolivia, financed by Inter-American Development Bank and Corporación Andina de Fomento.
• Represented Sociedad Química y Minera de Chile S.A. (SQM), a Chilean mining company, and one of its subsidiaries in connection with a $100 million syndicated financing arranged by BBVA Securities, Inc., BNP Paribas and Rabobank Curaçao N.V.
• Represented Companhia Vale Do Rio Doce (CVRD) in connection with a $300 million syndicated financing arranged by The Bank of Tokyo-Mitsubishi Ltd. and covered by a political risk insurance policy issued by Nippon Export and Investment Insurance for the development of the Sossego copper mine in the state of Pará, Brazil.

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