Arnold & Porter's lengthy history in Latin America has provided a platform for a growing practice in energy and infrastructure. It has worked on multiple investments in large renewables projects in Brazil and achieved further growth in public-private partnership financing transactions involving bridges, airport expansions, toll roads and metro projects. It remains known for its expertise in projects supported by structured finance and securitisation transactions, including future-flow diversified payment rights (DPR) deals. Its close links to sovereign governments and quasi-sovereign entities, along with development banks, provides it with a steady flow of prestigious engagements. New York’s Chris Willott has an extensive record in project financings in Brazil and across Latin America. Washington DC-based Whitney Debevoise and Gregory Harrington frequently advise sovereign governments and other sovereign entities on major infrastructure projects, including the Republic of Panama and the country's Ministry of Economy and Finance on the financing of the construction of the fourth bridge over the Panama Canal.
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Key clients

  • GNL Chile
  • Republic of Panama/Ministry of Economy and Finance
  • Republic of Panama
  • Caribbean Development Bank
  • CARICOM Development Fund
  • Asian Infrastructure Investment Bank

Work highlights

Advising GNL Chile with respect to its LNG Supply arrangements, Terminal Use Agreement relating to regasification rights in the GNL Quintero regasification facility and its gas supply agreements with Enel, ENAP and Metrogas.
Advised the Republic of Panama and the Ministry of Economy and Finance on the financing of the construction of the fourth bridge over the Panama Canal, consisting of a short-term financing involved the issuance of approximately $120m in short-term notes, and a permanent financing involving the issuance of approximately $1.5bn of Series 2024-2 senior secured notes (due 2032).
Advised the Republic of Panama on revisions to loan agreements for the Metro de Panama construction project, as well as to derivatives related to the loans such as interest-rate and currency hedges.

Practice head

Chris Willott; Gregory Harrington