Paul Hastings Advised Lenders in $1.225 Billion Financing for Aligned Data Centers’ Acquisition of ODATA

Paul Hastings LLP represented SMBC, MUFG, Deutsche Bank, Nomura, BNP Paribas, Societe Generale, Credit Agricole, and Natixis, as lenders, in a $1.225 billion term loan and delayed draw loan facility to finance Aligned Data Centers’ acquisition of ODATA, a data center service provider offering scalable, reliable, and flexible IT infrastructure in Latin America, from Patria Investments. The deal involved multiple jurisdictions throughout Latin America, including Brazil, Chile, Columbia, Mexico, Peru, and Uruguay.

Corporate partners Alexandro M. Padres and Thomas R. Sines led the Paul Hastings team, which also included Derivatives partner Jaime Madell and associates Bruna Rey, Yves Dutra, and Maria Eduarda Miranda.

Paul Hastings’ Latin America practice has advised on some of the largest, most complex transactions throughout Latin America. The firm is top ranked in several practices by Chambers Latin America 2023 and was named “Project Finance Law Firm of the Year” at the Chambers Latin America Awards 2022. In 2021, Latinvex named Paul Hastings a Top 3 international law firm operating in the Latin America region.

One of the first dedicated data center practices in the legal market, Paul Hastings advises clients on the construction, development, leasing, operation, financing, joint venture, acquisition, and sale of data centers globally. The firm also advises on data center investment, hardware purchase, environmental permitting, power purchase, data privacy policies, and various user agreements.