Thomas advises sponsors, lenders and other investors (including investment banks, funds and institutional investors) in complex, and many times cutting-edge, project and structured ﬁnance transactions, PPP transactions and on other ﬁnancing arrangements across a number of emerging markets, and primarily in Latin America and the Caribbean.
Thomas is a resident of the Firm's New York Ofﬁce and he receives high praise for his pragmatic solution-oriented approach. Some of the recent transactions that Thomas has led have received industry-wide recognition, including "Structured Bond of the Year" by Bonds & Loans Latin America Awards 2019 and "Latin America Renewables Project Finance Deal of the Year" by Power Finance & Risk and Bonds & Loans 2018.
Representative matters include:
Ongoing representation of the sponsors in US private placement ﬁnancings for renewable power projects in Chile.
Ongoing representation of a sponsor in a US private placement financing for a renewable power project in Mexico.
Ongoing representation of the underwriters in the development and ﬁnancing of an LNG-to-power project.
Ongoing representation of the arrangers in the development and ﬁnancing of a petrochemical project in Colombia.
Ongoing representation of the sponsors in the development and financing of renewable power projects in Brazil.
Representation of Trabajos Marítimos S.A., as sponsor, and Salaverry Terminal Internacional S.A. (STI), as borrower, in connection with limited recourse financing the proceeds of which will be used to expand the Salaverry Multipurpose Port in Peru.
Representation of Invenergy and Energía del Paciﬁco, Ltda. de C.V., as sponsor and borrower respectively, in the development and ﬁnancing of a 378 MW power plant in El Salvador and its related infrastructure, including a ﬂoating storage and regasiﬁcation unit (FSRU) permanently moored through a modiﬁed spread mooring system for liqueﬁed natural gas (LNG) delivery, storage, and regasiﬁcation, as well as a natural gas pipeline running from the FSRU to the power plant.
Representation of Sacyr Concesiones S.L. and Ocho A S.A., as sponsors, Rutas del Este S.A., as borrower, and Rutas 2 and 7 Finance Limited, as issuer, in the US$458 million zero coupon Rule 144A/Regulation S bond arranged by Goldman Sachs & Co. LLC, acting as sole global coordinator and a US$200 million working capital and long-term project ﬁnance facilities provided by the Inter- American Development Bank, in each case for the design, construction, operation and maintenance of the 2 and 7 Road Project in Paraguay. This was the largest private investment in the history of Paraguay to date and Paraguay's ﬁrst public-private partnership (PPP).
Representation of Atlas Renewable Energy in a limited recourse ﬁnancing for a portfolio of solar projects in Uruguay. The ﬁnancing took the form of an A/B loan provided by the Inter-American Investment Corporation and the issuance of securities purchased by a group of both senior and subordinated investors in a private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933 ("B Bond").
Representation of Banco BICE, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Iyo Bank, Ltd. and Nippon Export and Investment Insurance in connection with the ﬁnancing for a 98 MW PVAc one axis tracker solar photovoltaic power generation plant known as Project Huatacondo, located in the region of Tarapacá, Chile, and its related 10 km 200 kv high tension transmission line.
Representation of Corporación Andina de Fomento and DEG – Deutsche Investitions- Und Entwicklungsgesellschaft MBH in connection with ﬁnancing for a hydroelectric power project in Peru with an installed capacity of 84 MW.
Representation of Invenergy LLC in the reﬁnancing of wind projects in Uruguay pursuant to an A/B loan provided by the Inter-American Investment Corporation and the issuance of securities purchased by a group of investors in a private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933 ("B Bond")
Representation of Concesionaria Vial Sierra Norte S.A., as borrower, in connection with a 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".
Representation of Banco BICE, CaixaBank, CorpBanca and DNB Group, as lenders, in connection with a long-term project ﬁnancing for the development of the Laberinto Project, a 146MWp Solar Photovoltaic Plant in Chile.
Representation of Terminal Internacional del Sur S.A., as borrower, and Santa Soﬁa Puertos S.A., as sponsor, in connection with the US$280 million limited-recourse project ﬁnancing of the expansion of the Matarani Port in the Islay district of Arequipa, Peru.
Representation of Odebrecht S.A. in the development and ﬁnancing of the 456 megawatt Chaglla hydroelectric power project in Peru and the later US$1.39 billion sale of the same to a consortium headed by China Three Gorges Corp.
"Triple-A Rating Stench: May the Credit Rating Agencies be Held Accountable?" 3 J. App. Econ. 13 (2010)
"Evaluating Stabilization Clauses in Venezuela's Strategic Association Agreements for Heavy-Crude Extraction in the Orinoco Belt: The Return of a Forgotten Contractual Risk Reduction Mechanism for the Petroleum Industry," 40 U. Miami Inter-Am. L. Rev. 347 (2009)
"Venezuela, in Aircraft Repossession and Enforcement: Practical Aspects," Kluwer International Law, 2009 (co-author)
"The Past, Present and Future of the Arbitral Clause in Foreign Investment Legislation: In Pursuit of the Balance," on file at Langdell Law Library, Harvard Law School (2006)
The Legal 500 Latin America, Banking and Finance, Next Generation Lawyer
The Legal 500 Latin America, Projects and Energy, Next Generation Lawyer
Chambers and Partners, Chambers Global: Spotlight, Banking & Finance (USA)
Chambers and Partners, Chambers Global: Experts Based Abroad, Banking & Finance