Armando Rivera Jacobo
Biography
Overview
Armando Rivera Jacobo is a partner based in White & Case's New York office. He is a member of the firm's Global Project Development and Finance Group. Armando's practice focuses on infrastructure (including public-private partnerships and energy) project financing transactions. He has also participated in infrastructure strategic transactions, including mergers and acquisitions and joint ventures.
Armando has represented sponsors, lenders and equity investors in the development, construction, financing and operation of surface, marine and air transportation projects, natural gas transportation and storage systems, natural gas fired combined cycle power plants and renewable power projects, both in the United States and internationally, primarily in Latin America.
Faculty of Laws
Experience
Representation of the U.S. Department of Transportation in connection with the financing by Louisiana Department of Transportation and Development of a group of road and bridge projects in Louisiana.
Representation of Seven Seas Water Corporation and its affiliates in its term loan facility, and the refinancing thereof, for the recapitalization of the group following its acquisition by a fund managed by Morgan Stanley Infrastructure Inc., and the financing of Seven Seas Water's acquisition of Sembcorp's water treatment project in Panama.
Representation of Morgan Stanley Infrastructure Inc., a leading global infrastructure investment platform, in its acquisition of Seven Seas Water Corporation, AquaVenture Holdings Inc. and AquaVenture Holdings Curacao N.V., a multinational developer, owner and operator of water production and wastewater treatment plants and businesses, from AI Aqua (Luxembourg) S.a.r.l, a company owned by Advent International Corporation.
Representation of a bidder for the HART Project in Hawaii, including negotiation of financing commitments for multiple debt solutions. The payment stream under the concession to be used for debt repayment comprises a combination of periodic payments and availability payments, the source of funds for which is sales tax revenue.
Represetation of the Lenders to ST EIP Holdco LLC, a jointly owned subsidiary of Shinhan Investment, Samtan, EIP Investment, and KDB KIAMCO, in the financing of its acquisition of an indirect 50% equity interest in the Utopia pipeline.
Representation of one of the short-listed consortia bidding for the "Purple Line" light rail project being developed in the Maryland suburbs of Washington D.C.*
Representation of Financial Security Assurance (FSA) in its financial guarantee of a project bond financing for the Chicago Skyway toll bridge system, involving the issuance by Skyway Concession Company of US$1.4 billion of senior secured floating rate bonds insured by FSA. This innovative financing included interest rate hedging transactions in which FSA insured the issuer's obligations to Citibank and Goldman Sachs Capital Markets as swap counterpartie*
Representation of ACS Infrastructure Development Inc. in its $665 million joint venture (covering structure, commercial and corporate issues) with TIAA-CREF for investing, financing and operating transportation and social infrastructure projects in North America.*
Representation of the terminal operator and one-third equity sponsor in the LaGuardia Airport Central Terminal Reconstruction Project, which is being designed, built, operated and financed under a long-term P3 agreement with the Port Authority of New York and New Jersey.*
Representation of the winning consortium in the Pennsylvania Turnpike concession, achieving a fully negotiated concession agreement and fully documented and binding financing commitments for a multisource financing including bank debt and PABs, although the transaction was ultimately not approved by the Pennsylvania state legislature.*
*All matters prior to joining White & Case
