Debevoise represents lender in Chilean toll road financing
November 11, 2004
Debevoise & Plimpton LLP is representing XL Capital in its role as financial guarantor in the $270 million multi-source financing of the Américo Vespucio Sur Toll Road, a 24 km electronically tolled urban toll road concession in Santiago, Chile. The project is being financed by means of a $156 million, 24-year local bond offering wrapped by XL Capital and a $114 million loan from the Spanish Instituto de Credito Oficial (ICO). The financing closed today.
The Debevoise team is led by partner Craig Bowman in London, associate Samuel Pariente in Paris and associate Adrian Lingaya in New York. The team also included tax partner Burt Rosen and tax associate Jennifer F. Whetsell.