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Transactions

CONCESIÓN LA PINTADA

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CONCESIÓN LA PINTADA

Posse Herrera Ruiz advised CONCESIÓN LA PINTADA and sponsors ODINSA and CONSTRUCCIONES EL CÓNDOR in the execution of credit agreements with Itau Unibanco, Banco de Credito del Perú, Banco Davivienda and Banco de Bogotá, for the financing of project Autopista Conexión Pacífico 2.

GRUPO DE INVERSIONES SURAMERICANA S.A.

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GRUPO DE INVERSIONES SURAMERICANA S.A.

Legal counsel to SURA ASSET MANAGEMENT in its issuance of senior unsecured guaranteed Notes worth US$350,000,000 aggregate principal amount under Rule 144A/Reg S.

GRUPO DE INVERSIONES SURAMERICANA S.A.

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GRUPO DE INVERSIONES SURAMERICANA S.A.

– Colombian legal advisor to GRUPO DE INVERSIONES SURAMERICANA S.A., parent company of a group of leading companies operating primarily in the financial services sector in Latin America, including mandatory pension funds, voluntary savings and insurance, and with a participation in a large banking group; who guarantee its subsidiary Gruposura Finance a USD 550 million bonds issuance under Rule 144A / Regulation S, subscribed by Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC., as initial purchasers.

Ecopetrol

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Ecopetrol

Legal advisor to Ecopetrol in the structuring of the sale of its shares in Empresa de Energía de Bogotá S.A. ESP. for USD 320 million.

TERPEL

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TERPEL

– Legal advisors to Organización Terpel S.A. in connection with the structuring and regulatory authorization of an ordinary bond issue of Col$400.000 million.

– Legal advisors to Organizacion Terpel S.A., Proenergia Internacional S.A., Sociedad de Inversiones de Energia S.A., and Terpel del Centro S.A. in their merger, where Organizacion Terpel S.A. was the surviving entity. Simultaneously Organización Terpel S.A. shares were listed in the Colombian stock exchange.

Bonos Medellin

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Bonos Medellin

Legal advisors in the domestic debt bond issue for the Municipality of Medellín for US$129 million where US$70 million were placed in the 10 years subseries and the US$59 million remaining were placed in the 30 years subseries. The demanded value was 2.4 times the value of the placement.

GRUPO DE INVERSIONES SURAMERICANA S.A.

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GRUPO DE INVERSIONES SURAMERICANA S.A.

– Legal advisors to Grupo de Inversiones Suramericana in the financing for the acquisition of 7,3% of Sura Asset Management’s capital stock from General Atlantic Coöperatief
– Legal advisors to Grupo de Inversiones Suramericana S.A. in the structuring and regulatory authorization of the issue and allocation program of ordinary bonds and commercial papers in an amount up to US$340 million.

Corpbanca

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Corpbanca

Legal advisors to Banco Corpbanca Colombia S.A. in its tender offer to acquire 100% of the preferred stock of Helm Bank S.A.

Citibank, BBVA, Banco Santander, Bank or America and Merrill Lynch

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Citibank, BBVA, Banco Santander, Bank or America and Merrill Lynch

Colombian legal advisor to Citibank, BBVA, Banco Santander, Bank of America and Merrill Lynch in the IPO of Cemex Latam Holdings S.A. of a US$1.2 billion overdemanded IPO which took place in the first trading day in the Colombian Stock Exchange, the largest ever in Colombia, with concurrent Rule 144A/Reg S listing. This transaction is the first instance of a foreign company listing only in Colombia, only the third instance of a bookbuilding offering in the Colombian market and at US$1.2 billion the largest IPO ever in the Colombian stockmarket.

Organización Terpel

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Organización Terpel

Legal advisors to Organizacion Terpel in its first issue of bonds in the Colombian market for COL$700,000 million.

Deutsche Bank Securities Inc. – Santander Investment Securities

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Deutsche Bank Securities Inc. – Santander Investment Securities

Colombian legal advisors for Deutsche Bank Securities Inc. and Santander Investment Securities Inc., the Initial Purchasers of Empresa de Energía de Bogotá ´s offering of U.S.$610,000,000, 6.125% Senior Notes due 2021 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

Compañía de Petróleos de Chile COPEC S.A.

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Compañía de Petróleos de Chile COPEC S.A.

Legal advisors to Compañía de Petróleos de Chile COPEC S.A. in the acquisition of an indirect controlling stake in Organización Terpel S.A., a local fuel and natural vehicular gas (GNV) distribution company with presence in Ecuador, Mexico, Panama, Peru and Chile, through a private purchase of a 47.2% stake in Proenergía Internacional S.A., the listing of the company in the Bolsa de Valores de Colombia and a subsequent tender offer whereby Copec acquired and additional 8.9% stake. Additionally, Copec made a tender offer over Sociedad de Inversiones en Energía S.A., a local listed company by means of which Proenergía controls Terpel.

Proenergía International

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Proenergía International

Legal advisors to Proenergía International S.A. a Colombian holding fuel and lubricants distribution company, for the listing of its shares in the Registro Nacional de Valores y Emisores and the Colombian Stock Exchange.

Central American Bank for Economic Integration

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Central American Bank for Economic Integration

Legal advisor to Central American Bank for Economic Integration (CABEI), in the structuring of an ordinary bonds issuance program in Colombian pesos for COP$500 billion.

Citigroup – Transmilenio

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Citigroup – Transmilenio

Legal advisors to Citivalores S.A. and Citigroup Global Markets Inc. “CGMI” acting as joint arrangers, in the structuring of a securitization programme of future fund flows from the Nation’s and Bogotá’s contribution, for the execution of phase III of Transmilenio (The Bogotá mass transit system) to be placed in local and international markets. The total amount of the program is approximately US$890 million. First Tranche was issued for the amount of USD$143 million approximately.

Aureos Capital

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Aureos Capital

Legal advisors to Aureos Capital Ltd. in the structuring, negotiation and the closing of Aureos Colombia, a private equity fund whose initial transaction consisted in investment commitments of US$35.83 million by Colombian pension funds and insurance companies.

CENTENNIAL TOWERS COLOMBIA S.A.S

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CENTENNIAL TOWERS COLOMBIA S.A.S

Legal advisor to Centennial Towers Colombia S.A.S., in the financing for approximately US$12 million granted by Banco Colpatria Multibanca Colpatria S.A.

Banco Colpatria

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Banco Colpatria

Legal advisors to Banco Colpatria Multibanca Colpatria acting as structuring agent of the syndicate of 4 banks that granted financing for US$140 million to TPL Holding Ltd. in connection with the acquisition of approximately 60% of Termocandelaria Power Ltd.

Alianza Fiduciaria

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Alianza Fiduciaria

Legal advisors to Alianza Fiduciaria S.A., in connection with the acquisition of assets and contracts of Fiduciaria Fiducor S.A.

Alianza Fiduciaria is the Colombia’s largest independent Fiduciary (trust) and custody services provider and asset manager. As a result of the acquisition Alianza Fiduciaria becomes Colombian market leader in managing private equity funds.

Platino Energy

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Platino Energy

Legal advisor to Platino Energy Holdings Corp. in connection with the US$15 million acquisition financing granted by Banco Colpatria Multibanca Colpatria S.A. for the acquisition of 100% equity stake of Colombia Energy Development Co.

Grupo Energia de Bogota

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Grupo Energia de Bogota

Legal advisors to the syndicate of 12 banks that granted financing for USD$ 645 million to Inversiones en Energía Latino America Holdings, S.L.U. in connection with the acquisition of 31.92% of Transportadora de Gas Internacional.

Banco Davivienda

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Banco Davivienda

Legal advisors to Banco Davivienda in connection with the US$59.5 million financing granted to Carvajal Información S.A.S., within the acquisition of the 59,8% equity stake by Evolvere Capital.

AXA S.A.

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AXA S.A.

Colombian legal advisors to AXA S.A. in the acquisition, through one of its subsidiaries, of 51% of Seguros Colpatria S.A., Seguros de Vida Colpatria S.A., Capitalizadora Colpatria S.A. and Colpatria Medicina Prepagada S.A.

Termotasajero

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Termotasajero

Posse, Herrera & Ruiz acted as Colombian legal advisor to Termotasajero S.A. E.S.P. in connection with in a US$315 million senior credit facility granted by Banco Itaú BBA S.A. (Sucursal Bahamas), Banco Itaú Chile, CorpBanca and Banco de Bogotá S.A., to finance the construction of a new 161.6 MW coal-fired power plant located in Norte de Santander, Colombia.

Corpbanca

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Corpbanca

-Legal advisors to Corpbanca in connection with the US$1278 million acquisition of Helm Bank and certain of its subsidiaries in Colombia.

-Legal advisors to Corpbanca in connection with the acquisition of more than 90% of Banco Santander and its subsidiaries in Colombia.

International Finance Corporation

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International Finance Corporation

– Legal advisor to IFC in a US$344 A/B loan granted to EPM.

– Legal advisors to IFC in the granting of a US$130 million A and B loan to companies from Belcorp Group.

– Legal advisors to IFC in the structuring of a loan agreement to finance the corporate expansion, and a subscription agreement for non voting preferred stock in Productos Naturales de la Sabana “Alquería”.

– Legal advisors to IFC in a US$75 million equity contribution to Banco Davivienda, and a US$165 million A/B subordinated bond subscription.

– Legal advisors to IFC in a US$10 million A loan and US$5 million stand-by loan to Terminal Marítimo Muelles el Bosque.

BNP Paribas

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BNP Paribas

– Legal advisors to BNP Paribas, in the sell and assignment of its oil and gas sector loan portfolio in Colombia to Wells Fargo Bank National Association.

– Legal advisors to BNP Paribas with respect to obtaining authorization from the Colombian Finance Superintendence to incorporate a local financial institution.

– Legal advisors to BNP Paribas in an up to US$100 million secured loan facility to Solana Resources Limited, a subsidiary Gran Tierra Energy.

– Legal advisors to BNP Paribas as lead arranger and to the lenders in a US$180 million revolving syndicated loan granted to Pacific Rubiales Energy Corp.

Grupo C&C – BNP Paribas

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Grupo C&C – BNP Paribas

Legal advisors in a US$200 million revolving loan credit granted by BNP Paribas (as administrative agent and global coordinator) and other lender parties to Grupo C&C Energia (Barbados) Ltd.

Correval

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Correval

– Legal advisors to Correval as structuring agent in a COP$87.000 million syndicated loan by Colombian financial entities and a US$50 million supplier credit loan both granted to Sociedad Operador Solidario de Propietarios Transportadores Coobus.

– Legal advisors to Correval as lead arranger in a COP$445.000 million syndicated loan granted by Colombian financial entities to finance the project “Concesión Vial Córdoba Sucre”.

Darby

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Darby

Legal advisors to Darby for the structuring and closing of a US$15 million loan granted by DLAMF Holdings L.P. (Darby Latin America Mezzanine Fund, L.P.) to Datapoint de Colombia S.A.

Proyecto Concesión Vial Ruta Caribe

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Proyecto Concesión Vial Ruta Caribe

Legal advisors for the structuring and closing of a COP$300.000 million syndicated loan granted by Colombian financial entities to finance the project “Concesión Vial Ruta Caribe”, structured by Nexus Banca de Inversión.

Helm

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Helm

– Legal advisor to Helm Banca de Inversión in a US$40 million financing for the construction of a 19.9 MW Popal hydroelectric power plant.

– Legal advisor to Helm Banca de Inversión in a US$39 million financing for the construction of a 19.9 MW Barroso hydroelectric power plant.

Citibank

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Citibank

– Colombian legal advisor to Citibank in a US$30 million secured loan in connection with the US$120 million debt restructuring of Norway’s Interoil Exploration and Production (IOX)

– Colombian counsel to Citibank in a US$150 million secured term loan transaction, between Suramericana BVI Corporation, as Borrower; Suramericana de Inversione, Portafolio de Inversiones Suramericana and Compañía Suramericana de Construcciones, as Guarantors; Citibank N.A., as Lender; Citigroup Global Markets Inc., as Sole Lead Arranger and Sole Bookrunner; Citibank N.A., as Administrative Agent and Cititrust, as Collateral Agent.

Termorubiales

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Termorubiales

Legal advisors to Termorubiales S.A. in connection with a US$54.5 million project financing facility where lenders include the International Finance Corporation, Corporación Andina de Fomento and Inter-American Investment Corporation

Petrotiger

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Petrotiger

Legal advisors to Petrotiger in (i) determining the structure to channel funds from Colombian institutional investors for the acquisition of three Colombian companies in the hydrocarbon sector and (ii) implementing the proposed structure by introducing a new compartment to an existing private equity fund. The firm also defined the structure permitting additional bank financing for the acquisition.

ABN AMRO Bank

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ABN AMRO Bank

– Advisors to a syndicate of international banks led by ABN AMRO Bank acting as administrative agent, in a US$1,460 million loan granted to Empresa de Energía de Bogotá S.A. to finance the acquisition by Transportadora de Gas del Interior S.A. of the natural gas transportation assets of Ecogas. Financing included creating corporate vehicles and the issue of Senior Regulation S and Rule 144A notes.

– Legal advisors to ABN AMRO Bank as lead arranger and to the lenders in a US$200 million syndicated loan to several companies of the Carvajal Group.

– Legal advisor to ABN AMRO Bank N.V., in a US$125 million loan agreement granted to Colombia Movil S.A. E.S.P.

JP Morgan

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JP Morgan

– Legal advisors to JPMorgan Chase Bank in its capacity of administrative agent and arranger and to the lenders in a US$300 million syndicated loan granted to Almacenes Éxito.

– Legal advisors to JPMorgan Chase Bank N.A. as Administrative Agent and to J.P. Morgan Securities Inc., as Sole Bookrunner and Lead Arranger in a US$250 million loan to Organización Terpel S.A. for the acquisition of Repsol Assets in Chile.

– Legal advisors to the lead arrangers (JPMorgan Chase Bank – BNP Paribas), the administrative agent (JPMorgan Chase Bank) and the lenders in the US$140 million syndicated loan granted to EPM Telecomunicaciones S.A. E.S.P.

InterAmerican Investment Corporation – Bancoldex

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InterAmerican Investment Corporation – Bancoldex

Legal advisors to the Inter-American Investment Corporation in a revolving credit facility granted to Bancoldex for an amount of US$45 million.

Termoemcali S.C.A. E.S.P.

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Termoemcali S.C.A. E.S.P.

Asesores legales de Termoemcali S.C.A. E.S.P. en la reestructuración de su deuda incluyendo US$165 millones en Notas 144 A.

Interamerican Development Bank – Telefonica Moviles Colombia S.A.

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Interamerican Development Bank – Telefonica Moviles Colombia S.A.

Colombian counsel to the Interamerican Development Bank IDB in a US$600 million A/B loan to Telefonica Moviles Colombia S.A.