Ontier and Clifford Chance advise on the €1.2b financing related to the concession of four highways in Puerto Rico
Ontier and Clifford Chance advise Abertis Infraestructuras and a syndicate of eight credit entities, respectively, on the €1.2b financing granted in connection with the concession over the rights to operate four toll roads in Puerto Rico (PR-20, PR-52, PR-53 and PR-66).
Image: Epifanio Pérez (Clifford Chance partner) and Álvaro Barro (Ontier partner)
The transaction represents the largest highway privatization process ever carried out in Puerto Rico, which seeks to boost the efficiency of the last remaining public toll roads on the island, which account for more than 60% of the island’s traffic.
The Clifford Chance team advising the lenders was formed by global financial markets partner Epifanio Pérez, senior associate Ignacio Magariños and associate Beatriz González.
Ontier has advised Abertis Infraestructuras as borrower with a banking & finance team including partner Álvaro Barro and lawyers Luis Carretero and María Gardeta.
