23 September, 2021 Colombia

Barranquilla gets loan for infrastructure investments

Banking, Finance and Capital Markets

The Colombian district of Barranquilla has hired Clifford Chance LLP in New York and Mendoza in Bogotá to obtain a US$100 million financing from Deutsche Bank.

The lender turned to Philippi Prietocarrizosa Ferrero DU & Uría (Colombia).

Latin Lawyer understands that Deutsche Bank also enlisted Mayer Brown LLP, but this could not be confirmed prior to publication.

The deal closed on 15 September.

The district will use the loan to finance public infrastructure projects included in the region’s 2020-2023 development plan Soy Barranquilla, which aims to invest in the city’s health, education, security, housing and public service sectors.

Barranquilla introduced the plan to reactivate the city’s economy due to the impact of the covid-19 pandemic.

Barranquilla is the capital of the Caribbean coastal region of Atlántico and is the fourth-most populated city in Colombia.

Counsel to Distrito Especial y Portuario de Barranquilla

Clifford Chance LLP

Partner Hugo Triaca, counsel Alberto Haito and Greg Kahn, and associates Julian Hurtado Vallejo and Luis Fortuño in New York

Mendoza

Partner Mateo Mendoza and associates Clara Robledo and Maria Esther Eljach in Bogotá

Counsel to Deutsche Bank

Philippi Prietocarrizosa Ferrero DU & Uría (Colombia)

Partner Hernando Padilla and associates Paula Buriticá and Ximena González in Bogotá

Source: Latin Lawyer

Link to publication