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Ms. Acevedo is a partner in our Energy, Infrastructure, Project and Asset Finance Practice qualified to practice in New York, with significant experience representing sponsors, lenders and other credit providers in project financings, primarily in Latin America.
Ms. Acevedo focuses on public-private partnerships (PPPs) and complex cross-border financial transactions involving commercial banks, multilateral lending agencies, export credit agencies, sovereign states and corporate entities. She has been involved in power, oil & gas, linear and non-linear infrastructure and transportation equipment financings, related capital markets transactions and corporate restructuring of borrowers. Recent representative matters include the multi-source financing for the expansion of the Santiago metro; two renewable energy projects in Chile based on market revenues; and a US$4.5 billion polyethylene facility in Mexico, the largest project finance transaction to close in Latin America in 2012.
Before relocating to the Firm's Miami office, Ms. Acevedo was based in our New York office for seven years.
Representation of Banco de Chile, Banco del Estado de Chile, Banco de Crédito e Inversiones, Banco Santander-Chile, Instituto de Crédito Oficial, KfW IPEX-Bank GmbH, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as senior lenders, and The Prudential Insurance Company of America, as 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 the Sistema Interconectado Central (SIC) and the Sistema Interconectado del Norte Grande (SING) of Chile, which will unify most of the country's power grid. The 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.
Representation of Invenergy Wind LLC 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—is being provided by the Inter-American Investment Corporation, the Inter-American Development Bank and DNB Group.
Representation of AB Svensk ExportKredit, Banco Security, DNB Group, Agencia en Chile, KfW IPEX-Bank GmbH, Sumitomo Mitsui Banking Corporation, as lenders, and Eksport Kredit Fonden, the Danish export credit agency, in the US$306 million project financing of the San Juan Project being 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). The financing, which consists of commercial and ECA-guaranteed loan facilities, is supported by long-term power purchase agreements with distribution companies awarded in the December 2014 regulated market auction.
Representation of Banco BICE, CaixaBank S.A., CorpBanca, New York Branch and DNB Group, Agencia en Chile as lenders in connection with the project financing of the Laberinto Project, a 146 MWp solar photovoltaic electricity generation facility in Antofagasta, Chile, that will connect to Chile's Northern Interconnected System (SING). The borrower is a joint venture of sponsors EDF Energies Nouvelles, S.A. and Marubeni Corporation.
Representation of Empresa de Transporte de Pasajeros Metro S.A., the owner and operator of the Santiago subway system in Chile, in connection with the US$800 million multisource financing of equipment and systems for new subway lines 3 and 6 and improvements to existing lines to be extended by export credit agencies and commercial banks.
Representation of Citibank and Jefferies, as initial purchasers, in connection with the issuance of US$244 million in private activity bonds to finance Isolux Infrastructure's winning bid to design, construct, operate and maintain the I-69 Section 5 Project under a Public-Private Agreement with the Indiana Finance Authority.
Representation of Braskem Idesa S.A.P.I. in the development, procurement, construction and financing of its US$4.5 billion Etileno XXI integrated petrochemicals project located in Veracruz, Mexico. The project was the largest deal to close in Mexico and in Latin America in 2012. This deal was selected as "2012 Overall Latin American Deal of the Year" and "2012 Latin American Petrochemicals Deal of the Year" by Project Finance, "2012 Americas Petrochemical Deal of the Year" by Project Finance International, "2012 Project Finance Deal of the Year" by Latin Lawyer and "2012 Deal of the Year" by Trade Finance.
Representation of Corporación Quiport S.A., Aecon Group Inc., Andrade Gutierrez S.A., Airport Development Corporation and HAS Development Corporation (an affiliate of the Houston Airport System) in connection with an approximately US$650 million project involving a long-term concession to operate the existing Mariscal Sucre International Airport in Quito, Ecuador and to undertake the turnkey construction and operation of a new international airport and the subsequent renegotiation of the economic terms of the concession. Export Development Canada, the Export-Import Bank of the United States, the Inter-American Development Bank and the Overseas Private Investment Corporation provided debt financing for this project, which was named "2005 Latin American Airport Finance Deal of the Year" by Airfinance Journal, "2006 Latin American Transport Deal of the Year" by Project Finance magazine and "2011 Dispute of the Year" by Latin Lawyer magazine.
Representation of Agência Especial de Financiamiento Industrial (FINAME), a Brazilian government-owned agency, in connection with the acquisition financing of 47 aircraft by SkyWest Airlines.
Representation of Aircraft operating lessors Aviation Capital Group and BOC Aviation in connection with several Export-Import Bank of the United States-guaranteed financings of Boeing aircraft.
Ms. Acevedo represented The Nature Conservancy in Spanish and English bilingual negotiations to establish the Forever Costa Rica Project and a second debt-for-nature swap between the Costa Rican and US governments, totaling an unprecedented US$56 million in public and private funding for marine and tropical forest conservation, restoration and protection activities with the goal of making Costa Rica one of the first developing nations to meet the goals of the UN Convention on Biodiversity.
Ms. Acevedo also represented The Nature Conservancy and Conservation International Foundation in a debt-for-nature swap which provided more than US$26 million to help protect critically threatened tropical forests in Costa Rica, and in a debt-for-nature swap which provided approximately US$24 million for tropical forest conservation activities in Guatemala.