New York – Paul Hastings LLP, a leading global law firm, announced today that it represented Banco Santander S.A. and Sumitomo Mitsui Banking Corporation as lenders in connection with a $150 million term loan facility provided to a shareholder of Concesionaria Vial del Pacifico S.A.S. The term loan facility will finance the construction of the Pacifico 1 Toll Road, connecting Medellin and the Pacific Coast of Colombia.

The project consists of 46km of roadways, a 4.1km tunnel, a 1.5km tunnel and 63 bridges, and is expected to be completed in August 2023.

Latin America and Global Infrastructure and Energy partner Bob Kartheiser led the Paul Hastings team, which also included associates Thomas Sines and Anna Barbosa.

This transaction builds on Paul Hastings deep experience in the Colombian 4G and broader infrastructure market, which includes advising on more than 10 4G toll road financings, including the recently financed Puerta de Hierro and Bogotá-Girardot projects.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.