Guido Liniado

Guido leads the Latham team in many of the most high-profile and first-of-their-kind energy and infrastructure financings in Latin America and the Caribbean, including in:

Transport Infrastructure

• Viaducto Bicentenario (Mexico) – representing the lenders in the MXN 6.4 billion refinancings of the project sponsored by Aleatica
• Fibra EXI (Mexico) – representing Prudential in the MXN 2.8 billion USPP refinancing by Fibra EXI, which is managed by Mexico Infrastructure Partners (Market Impact Award, Latin America by IJGlobal Investor Americas Awards)
• Panama Canal 4th Bridge (Panama) – representing the financing sources in the approximately US$1.5 billion multi-tranche (144A/Reg S and 4(a)(2)) securitization of IPTs to finance CHEC’s construction of the project (Infrastructure Financing of the Year: Central America by LatinFinance)
• Rumichaca-Pasto toll road (Colombia) – representing:
  • The lenders in the acquisition by Actis from Sacyr
  • The financing sources in 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 IDB Group in Latin America (Infrastructure Financing of the Year by LatinFinance; Funding of the Year for Latin America in Transportation by IJGlobal; Financing of the year in Latin America in Highways by Proximo; Funding of the year of the Andes in Infrastructure - Financial innovation of the year by LatinFinance; and Financing of the year by Bonds & Loans Latin American & Caribbean Awards 2022)
• Rio Magdalena 2 toll road (Colombia) – representing the financing sources in the first multi-source financing for a toll road in Colombia to combine UVR-indexed notes, international loans, local loans, and interest rate and currency hedges (Americas Transport Deal of the Year by Project Finance International; Latin America Road Deal of the Year by Proximo; Road Financing of the Year by LatinFinance)
• Costanera toll road (Paraguay) – representing the USPP investors in the US$130 million securitization of CROPs to finance the construction of the project
• Puerta de Hierro toll road (Colombia) – representing the financing sources in the inaugural DFC-guaranteed project bond in Latin America and the first social bond for an infrastructure project in Latin America (Local Currency Financing of the Year award by LatinFinance)
• Rutas 2 y 7 toll road (Paraguay) – representing the financing sources in the US$657 million credit-enhanced securitization of PDIs to finance the first toll road awarded under the PPP scheme in Paraguay, the largest-ever private investment in Paraguayan infrastructure. The transaction also included the first letters of credit issued by IDB Group to support advances under the bond to fund working capital (Latin America PPP Deal of the Year by Proximo; Infrastructure Financing of the Year, Southern Cone by LatinFinance)*
• Lima Metro Line 1 (Peru) – representing the initial purchaser and the joint bookrunner in the US$273 million securitization of CPAOs for the expansion project*
• Panama City Metro Line 2 (Panama) – representing the initial purchaser in the US$619 million securitization of CDNOs to finance the project*
• Bioceanico toll road (Paraguay) – representing the initial purchaser in the US$732 million first-ever securitization of CROPs to finance the construction of the project (Bond of the Year by LatinFinance)*
• AA2000 Exchange and New Money (Argentina) – representing the investors in AA2000’s exchange offer, consent solicitation, and US$126 million issuance of notes in two concurrent debt offerings
• Argentina PPP toll roads (Argentina):
  • Representing the Ministry of Finance of Argentina on the design, structuring, and implementation of the multi-billion PPP program*
  • Representing the financing sources in all six attempted securitizations of TPIs to finance PPP road projects (Corredores Viales Nacionales A, B, C, D, E, F, and Sur)
• Mar 2 toll road (Colombia) – representing a consortium led by CHEC in the first private investment by a Chinese company in a 4G toll road*
• Alto Magdalena toll road (Colombia) – representing:
  • The lenders in the first international refinancing of a 4G toll road*
  • The lenders in the multi-currency project financing (Best Local Currency Financing by LatinFinance)*
• Ruta al Mar toll road (Colombia) – representing the financing sources in the first private initiative and traffic risk toll road to be financed in Colombia (Transport Deal of the Year by IJGlobal)*
• Costera 4G toll road (Colombia) – representing: 
  • The senior lenders in the acquisition by ISA in the first M&A for a 4G project
  • The financing sources in the multi-source and multi-currency bank/bond financing*
• Pacifico 3 toll road (Colombia) – representing:
  • The lenders in the acquisition by Patria and Colpatria
  • The financing sources in the first-ever project bond in Colombia (Latin American P3 Deal of the Year 2016 by Project Finance International; Project Finance Deal of the Year 2016 by Latin Lawyer Magazine; Best Road Financing and Best Infrastructure Financing 2016 – Andes by LatinFinance)*

Natural Resources: Oil & Gas; Mining

• Lobito Atlantic Railway (Angola) – representing Trafigura and Mota Engil in the US$850 million financing by DFC and DBSA for the rehabilitation and operation of a brownfield mineral port and a 1,300km brownfield rail line
• FLNG (Argentina) – representing Golar LNG in connection with 20-year charters of the FLNG Hilli Episeyo and FLNG MK II for the largest offshore LNG project in Argentina
• Minera Centinela Seawater Supply (Chile) – representing Almar Water Solutions and Transelec, as project sponsors and operators, in the approximately US$1.5 billion acquisition, construction, and senior and subordinated project bond and loan financing of dual seawater impulsion systems for the Minera Centinela and Minera Antucoya mining operations (Project Finance Loan Deal of the Year by Global Banking & Markets; Natural Resources Finance Deal of the Year by Global Banking & Markets)
• Grupo R Sale and Leaseback (Mexico) – representing several entities of Grupo R in a sale and leaseback financing of the Cantarell III jack-up rig with an affiliate of the Singaporean Keppel Corporation*

Logistics; Manufacturing

• Vale Oman Distribution Center Hybrid Capital (Brazil; Oman) – representing Apollo in a bespoke hybrid capital solution involving the US$600 million acquisition of a 50% interest in a JV with Vale S.A. to operate an integrated iron ore blending and distribution center and maritime terminal in Oman
• Transtech private placement (Peru) – representing a Peruvian asset manager on a multi-closing 4(a)(2) private placement of PIK notes structured to coexist with debt-like preferred shares and pari passu debt*

Digital Infrastructure; Telecommunications

• Telefonica del Peru fiber acquisition financing (Peru) – representing Telefónica in the multi-tranche financing for the acquisition by KKR of a majority stake in TdP’s fiber optic infrastructure business
• Telefonica Chile fiber acquisition financing (Chile) – representing Telefonica in the multi-tranche financing for the acquisition by KKR of a majority stake in Telefónica Chile’s fiber optic infrastructure business (Private Equity Deal of the Year by LatinFinance)
• ColTel (Colombia) – representing: 
  • Telefónica in the multi-tranche financing for the acquisition by KKR of a majority stake in ColTel's fiber optic infrastructure business
  • The financing sources in the US$320 million term loan and US$500 million notes*

Energy Transition

• VGMobility e-buses (Chile; Colombia) – representing VGMobility and Transición Express, both Vitol portfolio companies, on various project and acquisition financings:
  • US$213 million multi-tranche term and revolving project financing for four Chilean projects 
  • US$95 million multi-tranche financing for three Transmilenio concessions
  • US$75 million financing for a Transmilenio concession
  • Financing for the acquisition of a Transmilenio concession for the provision and operation of 120 electric buses from Celsia Move
• Smart Luz (Brazil) – representing the initial purchaser in connection with the issuance of Brazilian debentures repackaged into a DFC-guaranteed 144A/Reg S bond financing for the public lighting and smart city service project in the City of Rio de Janeiro. This landmark transaction represented DFC’s first guaranty for a repack transaction in Latin America (Latin America PPP Deal of the year by Proximo, Latin America Social Infrastructure Deal of the Year by IJGlobal, Sustainability Project Bond of the Year by Environmental Finance)
• Chile Tariff Stabilization (Chile) – representing the initial purchaser in 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 under the Chilean Tariff Stabilization Law (Bond of the Year by LatinFinance)

Renewable Power

• Andes Mining & Energy (Chile) – representing AME and its affiliates in a term and letter of credit facility
• BlackRock PMGD Platform (Chile) – representing the financing sources in the warehouse and takeout financings to develop BlackRock’s PMGD platform:
  • The noteholders in the initial USPP takeout
  • The LC facility providers as part of the takeout
  • The lenders in the US$250 million warehouse financing 
• Solek Renewable Energy Mezzanine (Chile) – representing BlackRock in the US$75 million mezzanine delayed-draw private placement to finance Solek’s equity funding obligations in connection with the senior financing of a portfolio of utility-scale and PMGD projects
• Photoemeris Sustentable (Mexico) – representing the lender in the financing for the acquisition of a photovoltaic project sponsored by Reden
• Reden Solar PMGD (Chile) – representing the investors in US$135 million dual delayed-draw private placements for Reden Group’s 180 MW PMGD portfolios
• InterEnergy Wind and Solar PMGD (Chile) – representing the investors in InterEnergy’s private placement for its wind and solar PMGD portfolio
• Renace Hydro Financing, Accordion and Refinancing (Guatemala) – representing Bancolombia and a group of other Colombian and Central American banks in the US$465 million financing, accordion, and refinancing for the development of four hydro projects with a combined capacity of 246 MW sponsored by Renace*
• Reventazon Hydro B-bond (Costa Rica) – representing the placement agent in the multi-source US$1 billion financing for the 306 MW Reventazon hydroelectric project, which included a “B bond” and bank loans made by IDB, IFC, and a syndicate of local banks (Best Infrastructure Financing – Central America by LatinFinance)*

Conventional Power

• Albanesi Co-Generation Power Plants (Argentina) – representing Albanesi in the US$395 million financing for the development of the 133MW Arroyo Seco co-generation power plant and the refinancing of the 170MW Timbúes co-generation power plant*
• TPL bridge (Colombia) – representing the financing sources in the US$80 million bridge financing to TermoCandelaria Power, and its subsequent US$186 million notes reopening*
• EGE Haina loan (Dominican Republic) – representing the lender in the US$130 million financing for the acquisition by Putney Capital Management and Darby Private Equity of a significant indirect stake in EGE Haina, the largest energy generator in the Dominican Republic*

Transmission

• Kimal – Lo Aguirre (Chile) – representing the financing sources in the multi-currency financing for the largest transmission line project in Chile
• Las Cumbres Wind Farm and T-line (Guatemala) – representing Grupo Terra, as sponsor, and Transmision de Electricidad, as borrower, in the project financing and dividend recapitalization by DEG, FMO, and Proparco, as lenders, for the Las Cumbres wind farm and transmission line*

Private Equity

• Christofferson, Robb & Company (Colombia) – representing CRC and its affiliates and funds in financings and a JV related to their libranzas business
• Patria (Brazil) – representing Patria and its affiliates and funds in various financings:
  • Up to US$75 million receivable purchase facility with Banco Santander relating to management fees
  • US$50 million revolving loan financing by Mizuho
  • US$76 million term loan and LC acquisition financing with Citi and Mizuho
  • US$100 million term loan financing with Santander

*Matter handled prior to joining Latham