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Overview
Alexandro M. Padrés is a partner in the Infrastructure & Energy practice at Paul Hastings and is based in the firm’s New York office.
Alexandro focuses on infrastructure projects as they relate to the electricity (both conventional and clean/renewable), oil and gas, telecommunications and mining sectors, with a particular emphasis on Mexico and Latin America. Most recently, his practice has consisted of portfolio financings in several jurisdictions in Latin America (in various modalities and levels of complexity), including advising sponsors and lenders on the financing of renewables projects being developed under the auspices of power purchase agreements under the new legislative framework in Mexico arising from the constitutional energy reform of 2013, as well as the development and financing of gas transportation infrastructure and legacy independent power producer projects in Mexico issued by the Comisión Federal de Electricidad (CFE).
Alexandro also represents sponsors and lenders throughout Latin America, including on the financing of contracted transmission line projects and desalination projects in Chile.
Alexandro advises various sponsors, such as Engie, AES and numerous multilateral agencies, regional and local development banks and export credit agencies in all aspects of project and infrastructure finance.
Accolades
- Project Finance Team of the Year, IFLR Americas Awards (2020)
- Next Generation Lawyers – Project Finance, Legal 500
- Leading US Attorneys in Mexico, Legal 500
- Project FinLatin American Sponsor of the Year Deal of the Year – ENGIE, IJGlobal (2019)
- Latin Finance Deal of the Year – Fruta del Norte, IFLR Americas Awards (2020)
- Renewable Energy Financing of the Year – Enel Green Power Solar, LatinFinance Project & Infrastructure Finance Awards (2019)
- Commended for “Accessing New Markets and Capital” – Enel Green Power Solar, Financial Times Innovative Lawyer Awards (2019)
- Americas Solar Deal of the Year – Enel Green Power Solar, S&P Global Platts Global Energy Awards (2019)
- Corporate DeLatin American M&A Deal of the Year – Actis’ Acquisition of InterGen Mexican Portfolio, IJGlobal (2018)
- Latin American Mining Deal of the Year – Fruta del Norte Phase II, IJGlobal (2018)
- Latin America Solar Deal of the Year – Cubico Alten, IJGlobal (2017)
- Latin America Mining & Metals Deal of the Year – Fruta del Norte Gold Mine, IJGlobal (2017)
- Latin America Power Deal of the Year – Transmisora Electrica del Norte in Chile, Project Finance International (2016)
- Latin America Transmission Deal of the Year – Transmisora Electrica del Norte in Chile, IJGlobal (2016)
- Rising Legal Star, Latin Business Chronicle
Education
- Instituto Technológico Autonómo de México (ITAM), A.C., Licenciado en Derecho (with honors)
- New York University School of Law, LL.M.
Representations
- GDF International S.A.S. (ENGIE) and its affiliates, including Engie Eólica Tres Mesas 3, Eólica Tres Mesas 4, Recursos Solares PV de México IV, BNB Villa Ahumada Solar, Buenos Días Energía, Engie Abril PV and Helios Intermediate 1 on the limited recourse financing and related interest rate hedging structured as a hybrid portfolio greenfield project financing with respect to four solar parks and two wind farms located in Mexico with a combined nominal capacity of approximately 721 MW.
- Axia Power and Termonorte on a private placement of senior secured notes in the aggregate principal amount of $65 million, the proceeds of which will be used to refinance certain existing debt with respect to Termonorte’s 93MW gas-fired power plant in Santa Marta, Colombia.
- Commercial and development banks on the Enel Green Power portfolio project financing of three solar photovoltaic (PV) plants in Mexico — Don Jose, Villanueva I and Villanueva III — with an aggregate project value of approximately $1 billion.
- Corporación Interamericana para el Financiamiento de Infraestructura S.A. (CIFI) as mandated lead arranger and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), Nederlandse Maatschappij-Financierings voor Ontwikkelingslanden N.V. (FMO) and Société de Promotion et de Participation pour la Coopération Economique (PROPARCO) as lenders on the $110 million secured credit facility made available to Polaris Energy Nicaragua S.A. (PENSA) and San Jacinto Power International Corporation (SJPIC) as borrowers for the refinancing of their existing project finance debt in connection with PENSA’s operating 72 megawatt (net) geothermal power generating facility as well as the financing of the installation of a 10 megawatt (net) in-development binary plant addition thereto, located in Telica, Department of León, Republic of Nicaragua.
- JPMorgan Chase Bank N.A. as lead arranger in connection with the bridge financing of the approximately $1.3 billion contemplated acquisition of the Chilean power transmission company Colbún Transmisión S.A. by Alfa Desarrollo SpA, a special purpose vehicle 80% owned by APG Energy & Infra Investments SLU, a part of the Dutch pension fund APG, and 20% owned by Celeo Redes SLU, the power transmission operator owned by the Spanish company Elecnor S.A.
- J.P. Morgan Securities as sole global coordinator and joint bookrunner, and Citigroup Global Markets, Santander Investment Securities, SMBC Nikko Securities America as joint bookrunners, in connection with a Rule 144A/Regulation S offering of $1.1 billion 4.55% senior secured notes due 2051 issued by Alfa Desarrollo (Alfa), a newly formed company wholly-owned indirectly by Celeo Redes and certain investment funds managed by APG to consummate the $1.35 billion acquisition of Colbún Transmisión, which will include the transfer of 899 kilometers of transmission lines and 27 substations that Colbún Transmisión S.A. operates in the Chilean Sistema Eléctrico Nacional (National Electric System), representing approximately 5% of the total transmission market in Chile.
- Orion Resource Partners and The Blackstone Group, as lenders and investors, on the debt and equity financing of approximately $400 to $450 million of the Fruta del Norte gold and silver mining project in Ecuador.
- Purchasers on a private placement of secured notes, in connection with the refinancing of the construction of the Longitudinal de la Sierra Norte Tramo 2 toll road project in Peru, wherein the notes are secured by the securitized payment rights due from the government of Peru to the concessionaire for the project, including negotiation of a purchase agreement for the underlying true sale transaction.
- A syndicate of lenders on the financing of the construction by ENR AGS, a subsidiary of Neoen (a subsidiary of Impala SAS), of a 300 MWac solar photovoltaic project known as “El Llano,” to be located in the state of Aguascalientes, Mexico, and related transmission lines.
- Transelec Concesiones, an affiliate of Transelec, on the approximately $358 million loan facility and associated interest rate hedging for the individualized portfolio construction financing of four independent transmission lines (each with a capacity of between 2x220 kV and 2x500 kV) and four associated independent substations in Chile, with EDC, KfW IPEX-Bank and MUFG acting as mandated lead arrangers.