Jeannine focuses on the development and financing of power and infrastructure projects in Latin America, including public-private partnerships (PPPs). She regularly represents sponsors and creditors, including commercial banks, development banks, export credit agencies and institutional investors, in complex cross-border financial transactions, particularly in the renewable energy, transmission and transportation sectors, and has been active in equipment financings and related capital markets transactions.
Jeannine's successful track record and extensive knowledge of limited-recourse financings in Latin America have made her a valued asset for clients seeking clarity in complex transactions, where intricate regulatory and other local issues affecting bankability require careful consideration and tailor-made structuring solutions.
Before relocating to the Firm's Miami office, Jeannine was based in our New York office for seven years.
Electric Buses for Santiago Public Transport System
Represented AMP Capital and its joint venture with Enel X in connection with the long-term financing for the acquisition of 433 electric buses and related charging infrastructure that are being used for the provision of public transportation services in Santiago, Chile.
Samay I Refinancing
Represented Samay I S.A., a portfolio company of I Squared Capital, on the US$330 million refinancing of its 708 MW cold reserve power plant located in the district of Mollendo, province of Islay, Arequipa Region, Peru.
Posorja Port in Ecuador
Represented DP World PLC and its subsidiary DPWorld Posorja S.A. on the approximately US$377 million project financing for a new deepwater multi-purpose port terminal, a 20km access road and dredging works to be located southwest of Guayaquil, Ecuador. The financing was extended by IDB Invest, DEG and Proparco.
RenovAr Projects in Argentina
Represented KfW IPEX-Bank in the Hermes-covered project financings of the 101 MW Pomona and the Chubut Norte III & IV wind farms; the lenders, including EKF, the Danish export credit agency, FMO and SMBC in the financings of the Villalonga, Chubut Norte I and Necochea wind farms; and Neoen in the financing of the Atiplano 200 solar project. All projects are supported by RenovAr PPAs.
Quito International Airport Project
Represented Corporación Quiport S.A. and the sponsors in connection with the long-term concession to operate the old 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. Such representation included the 2006 project financing extended by EDC, the U.S. Export-Import Bank, IDB and OPIC, the 2018 refinancing extended by Citi and Santander and the 2019 inaugural bond issuance.
SIC-SING Interconnection Project in Chile
Represented a group of Chilean and international lenders, and Prudential, 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, which unified 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 (VAT) facility under Chilean law.
Campo Palomas Wind Farm in Uruguay
Represented 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 was provided by the Inter-American Investment Corporation, the Inter-American Development Bank and DNB Group.
San Juan Wind Farm in Chile
Represented a group of Chilean and international lenders and export credit agencies in the US$306 million project financing of the San Juan Project, a 185 MW wind electricity generation facility in the Province of Atacama, Chile and the related 220-kV, 86 km transmission line. The financing, which consisted of commercial and ECA-guaranteed loan facilities, was supported by long-term power purchase agreements with distribution companies.
Santiago Metro Multisource Financing
Represented 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. The financing consisted of commercial and ECA-covered facilities insured by the French and Spanish export credit agencies.
Etileno XXI Petrochemical Project in Mexico
Represented 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 US$3.2 billion project financing was extended by agency lenders Bancomext, BNDES, EDC, IDB, IFC, Nafin and SACE, with the participation of ten commercial banks. Our work also involved the negotiation of leases for Braskem Idesa's railcar fleet.
Jeannine 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. Jeannine 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.