Gianluca Bacchiocchi

Gianluca’s experience includes advising:

Project Finance 

• Mizuho and Banistmo on the inaugural securitization and 144A/Reg S US$1.4 billion zero coupon second tranche of the milestone-based receivables financing for the construction of the fourth bridge over the Panama Canal (Infrastructure Financing of the Year: Central America by LatinFinance)
• Citibank and Santander along with 8 joint bookrunners and co-managers on the US$1.035 billion senior secured notes issuance by Yinson Boronia Production B.V. to refinance the FPSO Anna Nery, as well as Citibank, Bladex, and ING as lenders, with respect to a letter of credit facility to fund the reserve accounts where the issuer was also the borrower under the credit facility (Oil & Gas Financing of the Year by LatinFinance)
• Carlyle and other creditors in connection with the purchase of US$750 million senior secured notes due 2029 to finance 28 parking facilities of Green Courte Partners portfolio company, The Parking Spot
• Samsung Asset Management and HSBC Asset Management, as investors for their managed accounts, in US$135 million dual delayed-draw private placements structured by Credit Agricole Securities for the Reden Group’s 180 MW PMGD portfolios
• Paracel S.A., an afforestation and pulp mill project in Paraguay, in a strategic equity investment agreement with Austrian pulp and paper company, Heinzel Holding GmbH, in which Heinzel will hold 25% of Paracel's shares at project completion
• Multiple parties in the second-ever international securitization of government receivables Paraguayan public works project, including:
  • Itau, as structurer, and a Cayman Islands special purpose vehicle, as purchaser and issuer, in the approximately US$128 million sale and purchase facility to acquire Paraguayan government receivables — Certificados de Reconocimiento de la Obligación de Pago (CROPs) — from the Paraguayan joint venture (Consorcio del Sur) that was awarded the Project
  • Itau, as structurer and note purchaser, and KfW IPEX-Bank and MetLife, as note purchasers, in the approximately US$130 million Section 4(a)(2) private placement of notes to fund the purchase of CROPs by the issuer
• Metro de Lima Linea 2 S.A. and a group of international sponsors on a US$811 million loan refinancing for Line 2 of the Lima-Callao Metro System in Peru
• Multiple parties in the multi-source financing for a 4G toll road project in Colombia, including:
  • Goldman Sachs, as sole global coordinator, sole bookrunner, initial purchaser, and commitment provider in the offering by P.A. Autopista Río Magdalena of approximately COL$915 billion (approximately US$248 million) of its 6.050% Senior Secured Series A Notes due 2036 adjusted by reference to UVR
  • Banco Santander, as mandated lead arranger, bookrunner, underwriter, and lender; SMBC as mandated lead arranger and lender; CACIB, as mandated lead arranger and lender; ICO, as lead arranger and lender; and BCP and Siemens Financial Services, as arrangers and lenders, in a US$200 million credit facility for P.A. Autopista Río Magdalena
  • Goldman Sachs and Banco Santander, as co-underwriters, co-arrangers, co-bookrunners, and co-syndication agents, and Bancolombia, Fondo de Deuda Senior para Infraestructura en Colombia CAF-AM Ashmore I and FDN, as lenders, in an approximately COL$1.100 trillion (approximately US$298 million) dual tranche local credit facility for P.A. Autopista Río Magdalena
• Goldman Sachs, as global coordinator, and Bancolombia, Corpbanca, and the Compartimento de Deuda Privada Infraestructura Debt Fund, as senior lenders, on the US$877 million multi-source and multi-currency bank/bond financing for the Conexion Pacifico 3 4G toll road project in Colombia (Latin American P3 Deal of the Year 2016, Project Finance International; Project Finance Deal of the Year 2016, Latin Lawyer Magazine; Best Road Financing and Best Infrastructure Financing 2016 – Andes, LatinFinance)*
• Goldman Sachs, as global coordinator, and Bancolombia, FDN, and the CAF-AM Ashmore Debt Fund, as senior lenders, on the US$708 million multi-source and multi-currency bank/bond financing for the Ruta al Mar toll road project in Colombia (Transport Deal of the Year, IJGlobal Awards 2017)*
• Goldman Sachs, as arranger, and the Central American Development Bank (CABEI) and a group of Colombian banks, as lenders, on the US$390 million multi-tranche and multi-currency project financing for the Alto Magdalena toll road project in Colombia (named Best Local Currency Financing, LatinFinance Awards 2017)*
• Goldman Sachs, as global coordinator, Scotia Capital, as co-manager, and Bancolombia, Banco de Bogotá, Banco de Occidente, and the CAF-AM Ashmore Debt Fund, as senior lenders, on the US$702 million multi-source and multi-currency bank/bond financing for the Costera Cartagena Barranquilla toll road project in Colombia*
• Metro de Lima Linea 2 as concessionaire, and the sponsors, in the US$800 million off-balance sheet loan financing provided by multilaterals, ECAs, and European banks for Line 2 of the Lima and Callao Metro project in Peru backed by RPI-CAOs
• BESI-Grupo Novo Banco and Credit Suisse as arrangers and placement agents, on a US$273.7 million financing for the Red Dorsal Nacional de Fibra Optica project, the first ever developed country-wide fiber optic network spanning approximately 13,400 km in Peru (Latin America Telecoms Deal, IJGlobal Awards 2015; Best Bond, LatinFinance Awards 2015)*
• Banco Santander on the US$200 million financing of the Longitudinal de la Sierra – Tramo 2 toll road project in Peru, which was developed by a consortium formed by SACYR Concesiones in Spain, and Sacyr Concesiones Peru and Constructora Málaga Hnos in Peru*
• The arranger and placement agent in a US$132.8 million offering of project bonds to finance the construction of the 223 MW Eten cold reserve power plant in Northern Peru (Latin American Project Bond Deal of the Year 2013 and Overall Latin American Deal of the Year 2013, Project Finance Magazine; Project Finance Deal of the Year 2013, IFLR; Best Infrastructure Bond of the Year 2013, LatinFinance)*
• Bank of America as issuer arranger and initial purchaser, in a Reg S US$230 million offering of project bonds to finance multiple medical facilities in Peru; deal named one of the most innovative finance deals of 2012 by the Financial Times’ 2012 US Innovative Lawyers report; subsequently advised Bank of America in connection with an approximately US$60 million secured loan transaction for IBT Group and its subsidiaries*
• The initial purchaser in connection with the 144A refinancing of the original project debt for the Jorge Chavez International Airport in Lima, Peru*
• The sponsors and issuer in a Rule 144A/Reg S US$110 million offering of project bonds to finance the construction of a terminal at the Paita Port in Peru (Project/Infrastructure Financing Deal of the Year 2012, LatinFinance)*
• Citibank as trustee in connection with a project bond financing to refinance the Ilhabela FPSO in Brazil*
• Solarpack, a Spanish energy developer, and French private equity fund Ardian, in connection with the approximately US$220 million refinancing of three Peruvian solar parks (Latin American Deal of the Year, Proximo 2020)*
• The lenders in connection with the approximately US$510 million multi-source and multi-currency refinancing of the Alto Magdalena 4G toll road in Colombia (Latin American Deal of the Year, Proximo 2020)*
• The Concessionaire (Metro de Lima Linea 2) and its six shareholders in the US$563.2 million securitization of Peruvian government receivables (RPI-CAOs) to finance the design, construction, operation, maintenance, electromechanical equipping, systems equipping, and supply of rolling stock for Line 2 of the Lima and Callao Metro system
• Goldman Sachs on the hybrid financing for the construction of Rutas 2 and 7 toll road, the first toll road awarded under the PPP scheme in Paraguay, which included a forward purchase agreement, a Rule 144A/Reg S securitization of government receivables, and the first-ever letter of credit facility by IDB Invest to facilitate working capital advances from the bond proceeds; this project was the largest-ever private investment in Paraguayan infrastructure*
• UBS in connection with the financing of the integral rail system of Panama City Metro line 2, which involved the first-ever issuance of CDNO backed project bonds*
• A consortium led by China Harbour Engineering Company Limited (CHEC), SP Ingenieros, Unidad de Infraestructura y Construcciones Asociadas, and Termotécnica Coindustrial in the approximately US$658 million multi-tranche, multi-currency, term loan financing for the Mar 2 toll road project in Colombia*
• Citibank as underwriter with respect to a Rule 144A/Reg S project bond used to refinance the Ruta 27 toll road in Costa Rica; the first time a Costa Rican entity operating an infrastructure asset issued project finance-style bonds, and the first time also that both bonds were issued simultaneously for a Costa Rican issuer (Best Infrastructure Financing: Central America, LatinFinance Awards 2017; Project Bond Deal of the Year, IJGlobal Awards 2017)*
• Allianz Global Investors US (acting on behalf of its clients) in connection with the fixed rate US$250 million 18-year 4(a)(2) private placement to refinance the Peruvian wind farms Parque Eólico Marcona and Parque Eólico Tres Hermanas*
• Argentina's Ministry of Finance and its newly created PPP Unit on the design and implementation of the country's PPP program (under the institutional umbrella of the Inter-American Investment Corporation and the Inter-American Development Bank)
• Transaction counsel in Reg S S/.837,750,000 issuance of project bonds for the financing of the Autopista del Sol Toll Road, Trujillo-Sullana section in Peru*

Structured Finance

• Goldman Sachs as placement agent and AllianzGI as investor on the 4(a)(2) private placement US$419 million zero coupon note offering by Chile Electricity to finance the purchase from AES Gener, Enel Green Power, Engie, Colbun, and certain of their affiliates of electricity tariff receivables originating pursuant to the Chilean Tariff Stabilization Law
• Goldman Sachs as the sole global coordinator, bookrunner, initial purchaser, and commitment provider on the US$489 million zero coupon note offering by Chile Electricity to finance the purchase from AES Gener, Enel Green Power, Engie, Colbun, and certain of their affiliates of electricity tariff receivables originating pursuant to the Chilean Tariff Stabilization Law; this transaction received the Bond of the Year award by LatinFinance
• Mizuho, as global coordinator and joint bookrunner, and SMBC, as joint bookrunner, on the US$273 million securitization of construction receivables (CPAOs) for the Lima Metro Line 1 Expansion
• UBS, as structurer, sole bookrunner, and initial purchaser, on the US$732 million first-ever securitization of construction receivables (CROPs) to finance the construction of the Loma Plata – Carmelo Peralta segment of the Corredor Bioceanico road in Paraguay (named Bond of the Year, LatinFinance Awards 2019)*
• IDB Invest in connection with a 2019 issuance of a diversified payment right backed loan on behalf of Banco de la Produccion *
• IDB Invest, OPIC, Prudential, and Wells Fargo in connection with an issuance of diversified payment right backed notes on behalf of Banco Industrial*
• The State of Rio de Janeiro and RioPrevidência of Brazil, Rio de Janeiro's state-owned pension fund, through Rio Oil Finance Trust, a Delaware statutory trust, on its Rule 144A/Reg S US$600 million issuance of notes in connection with the securitization of Rio de Janeiro's oil and gas royalties*
• Metro de Lima Linea 2 on a US$1.15 billion securitization in connection with the Line 2 of the Lima and Callao Metro Project in Peru (Best Transport Financing and Best Bond, LatinFinance Awards 2016; Project Finance Deal of the Year, IFLR Awards 2016; Latin America Multi-sourced Financing Deal, IJGlobal Awards 2015)*
• The Pension Fund of the State of Rio de Janeiro in Brazil, RioPrevidência on the US$2 billion Oil Royalty Securitization and a further US$1.1 billion notes issuance secured by the state’s future oil and gas royalties (Deal of the Year 2014, Latin Lawyer; Structured Financing of the Year and Financing Innovation of the Year 2014, LatinFinance)*
• The arranger and initial purchaser in a Reg S S/.792 million securitization of RPICAOs for the financing of the Taboada water treatment facility in Peru; transaction also included an additional series of Reg S pass-through variable funding notes that could be funded up to S/.150 million*
• The arranger and initial purchaser in a Rule 144A/Reg S US$254 million securitization of CRPAOs for the financing of the Tramo 5 section of the IIRSA Sur toll road project in Peru *
• The arranger and initial purchaser in a Reg S S/.320 million securitization of RPICAOs for the financing of the Huascacocha water derivation project in Peru (Latin American Water Infrastructure Deal of the Year, Project Finance Magazine Awards 2010 and Project Finance Deal of the Year, IFLR Americas Awards 2011)*
• IIRSA Sur – Tramo 2/3: Represented Merrill Lynch, as issuer, arranger, and initial purchaser, in a Rule 144A/Reg S US$1.2 billion offering of pass-through notes supported by payments of the government of Peru on CRPAOs issued to concessionaires and ultimately purchased by the issuer (Infrastructure Deal of the Year 2007; Best Structured Bond Deal of the Year 2007 from LatinFinance)*

Acquisition, Leveraged, and Other Corporate Finance

• BNP Paribas and other lenders, in the acquisition financing of the largest LNG regasification terminal in Chile, in which Fluxys and EIG acquired an aggregate 80% equity stake in GNL Quintero S.A. from Enagás Chile SpA and affiliates of OMERS Infrastructure (Latin America LNG Deal of the Year 2022, Proximo)
• Bank of America in connection with a holdco loan financing in connection with operating payments related to the Villa Maria and Callao Hospitals in Peru
• Blackrock in the holdco financing of 99MW CCTG and 850MW CCTG plants in Mexico, developed by Energia del Valle de Mexico*
• Citibank and UBS in connection with establishing a loan financing facility that purchased CDNOs from the SPARC EM issuer; a very novel liability management transaction as it was the first ever refinancing of CDNOs that were owned by an SPV bond issuer*
• Goldman Sachs in connection with the entry into a Mandate Letter and Commitment Letter for the financing of Acciona’s acquisition and development of Line 6 of the Sao Paulo Metro. Additionally represented Goldman Sachs in connection with their role in the financing of the acquisition of the Line 6 project
• Goldman Sachs and JP Morgan in connection with the Mandate Letter, Commitment Letter, and financing structure in connection with the bidding for the acquisition by Mubadala, SNAM and EIG of the Transportadora Associada de Gás, a wholly-owned subsidiary of Petrobras in Brazil
• Actis in connection with the acquisition financing structure for an acquisition bid to purchase Enel Green Power’s assets in Mexico*
• Goldman Sachs, as initial purchaser and sole coordinator and bookrunner, in connection with a Brazilian debenture bridge financing and a Rule 144A/Reg S US$350 million notes issuance to refinance existing notes issued by Brazilian port terminal owner Prumo Participações e Investimentos*

Mergers and Acquisitions

• Summit Partners on its US$125 million investment in Celcoin
• Coatue Management in a preferred equity investment in Scala Data Centers

* Matter handled prior to joining Latham