Carlos Viana

Partner, Miami

Biography

Carlos Viana is an award-winning project, acquisition and structured finance lawyer. Carlos heads the Firm’s Latin America Interest Group.

Overview

Market-leading project sponsors and developers, including equity investors and owners, look to Carlos for advice on the development and financing of major infrastructure, natural-resource, industrial and energy projects and portfolios.

Carlos also guides many of the world's leading financial institutions in all matters relating to project finance, corporate and acquisition finance and structured trade and export finance. He has represented the lead lenders, or the credit parties, in syndicated and other secured and unsecured credit facilities and capital markets offerings involving Latin American projects or corporates with a combined value of more than US$65 billion.

European and Latin American financial institutions and multinational companies with investment, commercial and other business activities in the United States also seek the benefit of his knowledge and experience across continents.

Bars and Courts
Florida State Bar
New York State Bar
Education
JD
Yale Law School
BA
Yale University

magna cum laude

Languages
English
Spanish

Experience

Projects

  • The lead banks providing the financing to a major international consortium bidding in Argentina's roads PPP program.
  • CP La Castellana S.A.U., as borrower, CP Renovables S.A., as the shareholder, and Central Puerto S.A., as sponsor in the project financing for a 100.8 MW wind power farm known as La Castellana, located in the southern region of the province of Buenos Aires, Argentina, and its related 37km 132kv high tension transmission line. Financing for the project was provided by the Inter-American Investment Corporation (IIC), International Finance Corporation (IFC) and Canadian Climate Fund for the Private Sector for the Americas. The project was supported by a RenovAr power purchase agreement.
  • CP Achiras S.A.U., as borrower, CP Renovables S.A., as the shareholder, and Central Puerto S.A., as sponsor in the project financing of a 48 MW wind farm and related civil works in the city of Achiras, Argentina funded by IDB Invest, the International Finance Corporation (IFC) and the Canadian Climate Fund for the Private Sector for the Americas. The project was supported by a RenovAr power purchase agreement.
  • Trabajos Marítimos S.A. (Tramarsa) and its subsidiaries Terminal Internacional del Sur S.A. (Tisur) and Santa Sofía Puertos S.A. (SSP) in connection with a private placement of notes in an aggregate principal amount of U.S.$200 million. Tramarsa, through its subsidiary Tisur, is the operator of the concession of the Matarani port located in the Arequipa region in Peru. The notes were purchased by a group of insurance companies in the U.S. led by PGIM, Inc. (Prudential) and their affiliates. The proceeds from the issuance and sale of the notes were used by Tramarsa to repay Tisur’s existing project financing of the Matarani port.
  • Akuo Energy, as the sponsor, in the US$80 million financing of the 50 MW Pecasa project in the Dominican Republic. The financing was provided by a consortium of development banks led by the International Finance Corporation and comprised by the FMO, the IFC-Canada Climate Change, Proparco and DEG.
  • An export credit agency in connection with the non-recourse project financing of a wind farm and related infrastructure that will be located in the Province of Río Negro in Argentina, which is supported by a RenovAr PPA.
  • A group of international commercial banks and export credit agencies in connection with the non-recourse portfolio project financing of two wind farms and related infrastructure to be developed in Argentina, which are supported by RenovAr PPAs.
  • Invenergy and several of its subsidiaries in connection with the acquisition of, and financing for, the 70 MW Campo Palomas wind farm in the Salto Department of Uruguay. Our work also involved renegotiating and restructuring various construction, supply and operation and maintenance agreements in parallel with the acquisition and project financing. The project financing—which closed in approximately six weeks, a record-breaking timing for a project of this type that involved agency lenders in Latin America—was provided by the Inter-American Investment Corporation, the Inter-American Development Bank and DNB Group.
  • Invenergy in an innovative US$140 million hybrid A Loan and B Bond refinancing of Invenergy's 70 MW Campo Palomas wind farm in Uruguay. The A/B loan structure combines traditional A Loan bank financing with a B Bond private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933. A private arm of the Inter-American Development Bank, IDB Invest, arranged the refinancing, provided the A Loan tranche, and purchased some of the B Bonds.
  • Invenergy LLC in its acquisition of the La Jacinta Solar Farm in Uruguay from Fotowatio Renewable Ventures. La Jacinta has an installed capacity of 64 MW of power.
  • Invenergy in an innovative US$68 million hybrid A Loan and B Bond refinancing of Invenergy's 50 MW La Jacinta Solar Farm located in the Salto province of Uruguay. The A/B structure combines traditional A Loan bank financing with a US$64.75 million B Bond private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933. DNB Markets Inc. acted as the placement agent. A private arm of the Inter-American Development Bank, IDB Invest, arranged the refinancing, provided the A Loan tranche, and purchased US$3.6 million of the B Bonds.
  • The sponsor, the shareholders and the project company in the project financing of a major wind power project in the Dominican Republic being provided by various international agency lenders.
  • The sponsor in the international capital markets refinancing of two solar power projects located in Uruguay.
  • The sponsors in the refinancing in the international bank loan market of a wind project in Uruguay.
  • CAF and DEG as lenders in the project financing of a hydroelectric power plant in Peru to be owned and developed by La Virgen S.A.C., a subsidiary of Alupar.
  • A club of commercial lenders and the Nippon Export and Investment Insurance in connection with the financing for the development, construction, financing, operation and maintenance of a 98 MW PVac one axis solar photovoltaic power generation plant known as Project Huatacondo in Chile – the project is being financed as a merchant power project.
  • A group of Chilean and international lenders and the fixed rate note purchaser in the long-term project financing for Transmisora Eléctrica del Norte S.A.'s development of a 600 km electricity transmission line and related substations connecting Chile's central SIC and northern SING grids. The approximately US$822 million financing consisted of Dollar and Chilean Peso senior loan facilities and a private placement under New York law, and a value added tax facility under Chilean law.
  • Braskem Idesa S.A.P.I. in the development, procurement, construction and project financing of its US$4.5 billion Etileno XXI integrated petrochemicals project in Veracruz, Mexico. The project was the largest private investment in a single project in the history of Mexico. The project has won multiple awards, including Overall Latin American Deal of the Year and Latin American Petrochemicals Deal of the Year by Project Finance. Other accolades include: Americas Petrochemical Deal of the Year by Project Finance International; Project Finance Deal of the Year by Latin Lawyer; Deal of the Year by Trade Finance; and Commended, Latin America Finance by Financial Times US Innovative Lawyers Award.
  • A group of export credit agencies and international commercial-bank lenders in the US$306 million project financing of the San Juan Project developed by Latin America Power, a 185 MW wind electricity generation facility in the Province of Atacama, Chile and the related 220-kV, 86 km transmission line that will connect the Project to Chile's Central Interconnected System (SIC).
  • A group of international and Chilean commercial-bank lenders in the project financing of the Laberinto Project, a 146 MWp solar photovoltaic electricity generation facility in Antofagasta, Chile. The borrower is a joint venture of sponsors EDF Energies Nouvelles, S.A. and Marubeni Corporation. The project is one of the world's largest merchant solar power plants financed on a non-recourse project basis in the international loan markets.
  • The joint bookrunners in the senior guaranteed financing and non-recourse refinancing for the 900 MW natural gas-fired combined cycle power project developed by Techgen, S.A. de C.V. in Nuevo Léon, Mexico. Argentina-based Ternium, Tenaris and Tecpetrol are the sponsors.
  • ISAGEN in the procurement, development and financing of the 820 MW Hidrosogamoso hydroelectric dam project in Colombia, and various other international financings.
  • The project and the sponsor in the development, construction and project financing of the 406 MW Chaglla run-of-the-river hydroelectric power generation project in Peru. The project financing raised a total of US$774 million in senior secured debt commitments, led by two anchor agency lenders (Banco Nacional de Desenvolvimento Econômico e Social from Brazil and the Inter-American Development Bank), with the participation of six additional commercial banks. The project won multiple awards, including Global Deal of the Year– Power by Infrastructure Journal; Latin American Power Deal of the Year by Project Finance; Latin American Renewables Deal of the Year by Project Finance International; Project Finance Deal of the Year by LatinLawyer; and Deal of the Year by Trade Finance.
  • Concesionaria Vial Sierra Norte S.A., as borrower, in the US$200 million project financing for the development, construction, operation and maintenance of the 875 km toll road project "Longitudinal de La Sierra – Tramo 2" in Peru.
  • Terminal Internacional del Sur S.A., as borrower, and Santa Sofia Puertos S.A., as sponsor, in the US$280 million non-recourse project financing of the expansion of the Matarani Port in Peru, which was provided by a group of top-tier international commercial banks. This project was awarded Latin American Transport Deal of the Year by Infrastructure Journal and Best Port Financing Deal of the Year by LatinFinance.
  • Empresa de Transporte de Pasajeros Metro S.A. (Metro), the state-owned owner and operator of the subway system in Santiago, Chile, in the US$1.3 billion agency, bank and bond financing for the construction of new subway lines and improvements on existing lines. The project represents the most significant infrastructure expansion effort in Chile since the inauguration of the Santiago subway. This project was awarded Best Transport Financing Deal of the Year by LatinFinance.
  • COFIDE, the government development bank of Peru, in the Metro Linea 2, Chincheros airport and Generación Andina projects in Peru.
  • Concesionaria Trasvase Olmos in the US$247 million PPP/project co-financing of the Olmos diversion tunnel and dam project in Lambayeque, Peru.

Banking

  • Representations involving corporates, include: 
    • The US$400 million acquisition finance credit facility for Alicorp S.A.A., the largest Peruvian consumer goods company, with operations in South, Central and North America providing consumption and B2B products in Peru and internationally, for their acquisition of certain Bolivian assets
    • The senior secured US$326.5 million acquisition financing for Grupo Industrial Saltillo S.A.B. de C.V.'s acquisition of the Infun Group
    • The US$300 million senior loan from a syndicate of lenders for Colombia Movil S.A., one of the largest mobile telecommunication companies in Colombia and a joint venture between Millicom International S.A. and Empresas Publicas de Medellin E.S.P.
    • A multibillion dollar acquisition financing in Argentina, and various Latin American acquisition financings across the region, totaling over US$5 billion
    • Various facilities totaling over US$1.5 billion for affiliates of a leading regional power company
    • Various facilities totaling over US$10 billion for Vale and its affiliates
    • The senior secured US$1.7 billion term and revolving portfolio loan facilities of the Mexican project subsidiaries of Iberdrola
    • Various facilities totaling over US$10 billion for Mexican corporates Comisión Federal de Electricidad, Grupo Cementos de Chihuahua, Interceramic, FEMSA, Axtel, Frisa, Sierra Oil and Gas and Mazda México, among others
    • Various facilities totaling over US$5 billion for Chilean corporates ENAP, CODELCO, Celulosa Arauco, AntarChile, ENAEX, Escondida, Colbún, Antofagasta Minerals and Sigdo Koppers, among others
    • Various facilities totaling over US$2 billion for Peruvian corporates Exalmar, Minsur, Hochschild Mining and UNACEM, among others
    • Various facilities for Venezuelan borrowers in the hydrocarbons sector
    • Various facilities for Central American borrowers Telefónica Móviles Colombia S.A. and Telefónica S.A. in connection with a US$600 million term loan facility under the A/B loan program of the Inter-American Development Bank
  • Representations involving financial institutions, include: 
    • Various facilities totaling over US$10 billion for Itaú and various of its Latin American affiliates in Brazil and Chile
    • US$1 billion facility for Banco do Brasil
    • Various facilities totaling over US$2 billion for Banco General
    • Various facilities totaling over US$2 billion for the Latin American affiliates of Banco Santander
    • Various facilities totaling over US$1 billion for Banco Votorantim
    • Various facilities totaling over US$1 billion for BLADEX, including MTN program
    • Various facilities totaling over US$500 million loan facility for Banco Safra
    • Various facilities totaling over US$500 million financing for COFIDE
    • Various facilities totaling over US$500 million for BBVA Chile, including MTN program
    • Regular counsel in various cross-border funding-raising, M&A and other matters to various Latin American banks, including Banco de Credito del Peru/Credicorp, Banco de Crédito e Inversiones, COFIDE, BLADEX, LAFISE, Banistmo, CAF and the Latin affiliates of Scotiabank and BBVA among others
Speaking Engagements

2004–2019: Annual Latin America Syndicated Loans Conference, Panelist and Moderator

2012–2020: Annual Latin American Energy & Infrastructure Finance Forum, Panelist and Moderator

2013: Annual Peruvian Energy & Infrastructure Finance Forum, Panelist

2013–2014: Mining and Investment Latin America Summit, Panelist and Moderator

Publications

Acquisition Finance in Latin America: Navigating Diverse Legal Complexities in the Region, International Comparative Legal Guide to: Lending & Secured Finance, 2018, (co-authored with Sabrena Silver)

Mexican Energy Sector Overhaul: Long-Awaited Energy Reform on the Table President Peña Nieto Unveils Reform Proposal, White & Case Client Alert, August 2014

Awards and Recognition

Leading Lawyer, Chambers Global and Chambers Latin America, 2009–2020
Banking & Finance – Latin America

Leading Lawyer, Chambers Global and Chambers Latin America, 2009–2020
Energy & Natural Resources – Latin America-wide

Leading Lawyer, Chambers Global and Chambers Latin America, 2009–2020
Projects – Latin America-wide

Leading Lawyer, Chambers USA, 2010–2019
Banking & Finance – Florida

Leading Lawyer, The Legal 500 Latin America, 2012–2019
Banking & Finance – Latin-America International Firms

Leading Lawyer, The Legal 500 Latin America, 2012–2019
Projects & Energy – Latin-America: International Firms

Leading Lawyer, Who's Who Legal, 2012–2019
Banking and Projects