Giancarlo Reanda

Mr. Reanda’s experience includes advising:

Project bonds, project finance, and multi-source finance

• The asset management divisions of HSBC and Samsung, as purchasers, in connection with REDEN Solar’s two 4(a)(2) private placement notes in an aggregate principal amount of US$135 million to refinance indebtedness incurred to develop and construct two portfolios of solar projects in Chile. The portfolios comprise 31 solar projects that operate under Chile’s PMGD program, with an aggregate installed capacity of 177MW.
• Vitol, as sponsor, and VGMobility, as borrower, in a US$95 million multi-tranche financing to fund three e-bus concessions in Colombia. The financing included an accordion feature designed to allow VGMobility to add new projects to the structure, as well as a cross-currency and interest rate hedge.
• Goldman Sachs and JP Morgan, as joint global coordinators, joint bookrunners, and initial purchasers, and MUFG, SMBC, Societe Generale, CACIB, Siemens Financial Services, FDN, Bancolombia, and Banco Davivienda, as lenders, letter of credit issuers, and/or hedge providers in the Rumichaca-Pasto project, the largest-ever financing for a toll road in Colombia, the first to include a project-level letter of credit facility, and the first project bond investment by the IDB Group in Latin America. This transaction received the Infrastructure Financing of the Year, Andes award by LatinFinance.
• Goldman Sachs, as sole global coordinator, bookrunner, and sustainability bond structuring agent, in a R$925 million Rule 144A/Reg S repack offering by a Luxembourg SPV of DFC-guaranteed secured notes, backed by a R$925 million offering by a Brazilian public lighting and smart city services project of zero withholding-tax Brazilian infrastructure debentures. This transaction received the Latin America PPP Deal of the Year award by Proximo, the LatAm Social Infrastructure Deal of the Year award by IJGlobal, and the Infrastructure Financing of the Year, Brazil award by LatinFinance.
• BTG Pactual and Santander, as joint bookrunners, and Santander as social bond structuring agent, in the US$209 million senior secured UVR indexed notes offering for the Puerta de Hierro toll road in Colombia, which was guaranteed by DFC. This was the inaugural DFC-guaranteed project bond in Latin America. This transaction received the Local Currency Financing of the Year award by LatinFinance.

Securitization and other structured finance

• Banco de Bogotá, Banco de Occidente S.A., Banco de América Central S.A., BAC International Bank, Inc., Banco de Bogotá, New York Agency, and other entities of Grupo Aval in connection with a future flow securitization of credit card and other air travel receivables of Taca International Airlines, S.A., guaranteed by Avianca Group International Limited, as part of the refinancing of certain existing financing facilities in the context of Avianca group’s chapter 11 restructuring process.
• Goldman Sachs as placement agent and AllianzGI as investor on the 4(a)(2) private placement US$419 million zero coupon note offering by Chile Electricity to finance the purchase from AES Gener, Enel Green Power, Engie, Colbun, and certain of their affiliates of electricity tariff receivables originating pursuant to the Chilean Tariff Stabilization Law.
• Goldman Sachs as the sole global coordinator, bookrunner, initial purchaser, and commitment provider on the US$489 million zero coupon note offering by Chile Electricity PEC to finance the purchase from AES Gener, Enel Green Power, Engie, Colbun, and certain of their affiliates of electricity tariff receivables originating pursuant to the Chilean Tariff Stabilization Law; this transaction received the Bond of the Year award by LatinFinance.*

Private equity, acquisition finance, and other corporate matters

• Astorg Partners in an acquisition by portfolio company IQ-EQ of Greyline Partners, an industry leading US provider of governance and regulatory compliance solutions for private equity, venture capital, hedge funds, and investors.
• BTG Pactual, operating out of its Cayman Islands branch, in the US$250 million financing provided to Petrovida, a subsidiary of Africa Oil Corporation, to purchase all of Petrobras’ shares in Petrobras Oil & Gas.*

High-yield offerings

• Bank of America, Mizuho, and SMBC Nikko America, in the US$400 million senior notes offering by Bladex Banco de Comercio Exterior (Bladex).*

Liability management

• Corporación Financiera de Desarrollo (COFIDE), the Peruvian state-owned development Bank, in the offering of US$500 million notes and intermediated tender offer for up to US$600 million aggregate maximum purchase price of COFIDE’s outstanding 4.750% Notes due 2022 and 4.750% Notes due 2025.*
• Santander Investment Securities, as solicitation agent, in the successful consent solicitation to amend certain terms of the US$150 million notes of the City of Córdoba, the capital city of the Province of Córdoba, Republic of Argentina.*
• CLISA - Compañía Latinoamericana de Infraestructura y Servicios, in connection with the exchange offer of its US$300 million 9.5% senior notes and related consent solicitation.*

Equity offerings

• BNDES, the Brazilian development bank, on its sale of approximately 724 million common shares in Petrobras, valued at approximately US$5.2 billion, listed on stock exchanges in São Paulo and New York.*
• Helbor Empreendimentos S.A. in connection with its US$139 million follow-on equity offering.*

*Matter handled prior to joining Latham