NAVIGATE IN SPANISH

TRANSACTIONS


1

Girardot Honda Puerto Salgar 4G Toll Road Financing



In 2016, Structure Banca de Inversion was appointed by the Consortium Mario Huertas and Constructora Meco as Financial Advisor for the financial structuring of the 4G toll road project Girardot Honda Puerto Salgar.

The Project has an estimated length of 190 km and goes trough the Colombian departments of Tolima, Caldas and Cundinamarca. As a result of the successful advisory mandate, in June 2014 the PPP contract was awarded to our clients. The contract value is US$ 934 million (COP$ 1.46 bn) with an estimated project debt of US$ 768 million (COP$ 1.2 bn).


Pacifico 3 4G Toll Road Financing



In 2016, Structure Banca de Inversion was appointed by the Consortium Mario Huertas and Constructora Meco as Financial Advisor for the financial structuring of the 4G toll road project Pacifico 3.

With an estimated length of 145 km, the project goes trough the Colombian departments of Antioquia and Caldas. As a result of the successful advisory mandate, in July 2014 the PPP contract was awarded to our clients. The contract value is US$ 1.870 million (COP$ 1.87 bn) with an estimated project debt of US$ 1.406 million (COP$ 2,02 bn).

2


3

Cartagena Barranquilla 4G Toll Road Financing



In 2016, Structure Banca de Inversion was appointed by the Consortium Mario Huertas and Constructora Meco as Financial Advisor for the financial structuring of the 4G toll road project Cartagena Barranquilla.

This Project is located within the route Cartagena – Barranquilla, in the Colombian departments of Bolivar and Atlántico, with an estimated length of 220 km. As a result of the successful advisory mandate, in July 2014 the PPP contract was awarded to our clients. The contract value is US$ 1.094 million (COP$ 1.71 bn) with an estimated project debt of US$ 917 million (COP$ 1.5 bn).


Transversal de las Américas Financial Structuring



In 2009, Structure carried out the Financial Structuring for the Toll Road Concession “Transversal de las Americas (Sector 1)”. This corridor allows the communication between the Colombian Coast Departments and the interior of the country.

The project was awarded in August 2010 with an estimated investment of US$ 850 million (COP$1.6 bn).

4


5

Financial Structuring Panamá Metro



Structure was appointed as Financial Advisor by Cal & Mayor y Poiry for the financial structuring of the first line of the Metro in Panama under the contract “Integrator Assessor of the Metro System in Panama” with the IDB and CAF.

As a result of the advisory, in October 2010, the contract was awarded for the construction of the first line of the metro system in Panama with an offer of US$ 1,446 millions (COP$ 2,8 bn) in a public tender.

The Director in Structure´s Team was Hector Ulloa. As part of the mandate, Structure´s main activities were:

I. Construction of the financial model, including sensitivities to main premises.

II. Evaluation of different risks allocation to the project.

III. Development of a business plan for the implementation of the project, including possible concession schemes, management for the operation and sustainability of the metro system.

IV. Review and support in the creation of the different tendering documents for the project.

V. Support in the financing process with the ECA that funded the project.


Financial Structuring Ruta del Sol



Between 2009 and 2010, Structure was engaged by IFC (International Finance Corporation) for the financial structuring of the Toll Road project Ruta del Sol, a 1,071 km project that connects Bogota with the northern coast of the country (Santa Marta). The project was split in 3 sectors:

I. Sector 1: Villeta – El Koran. It has an estimated length of 78 km and a contract value of US$ 700 million (COP$ 0,96 bn).

II. Sector 2: Puerto Salgar – San Roque. It has an estimated length of 528 km and a contract value of US$ 1100 million (COP$ 2,09 bn).

III. Sector 3: San Roque - Carmen de Bolivar, Bosconia – Yé de Ciénaga, Bosconia – Valledupar. It has an estimated length of 465 km and a contract value of US$ 850 million (COP$ 2,08 bn).

Structure´s Team was lead by Hector Ulloa, who acted as financial director of the project. The main activities performed by Structure were:

I. Construction of the financial model, including sensitivities to main premises

II. Evaluation of different risk aspects of the transaction, including the elaboration of the risk matrix of the project

III. Support in the elaboration of the Road Show documents to present the project to potential investors

IV. Evaluation of different project business schemes

V. Support in the authorization process with the different national agencies (ANI, Ministry of Transport, Ministry of Finance, National Planning Department, CONPES, CONFIS)

VI. Support in the authorization of the Vigencias Futuras required for the project

VII. Review and support in the creation of the different tendering documents for the project

VIII. Support in the tendering process of the project

6


7

Metro de Medellin Financing



Structure Banca de Inversion and Corficolombiana arranged for the Metro of Medellin a syndicated loan facility for the expansion of the infrastructure, mainly the purchase of new trains, contemplated in the Master Plan “Confianza en el Futuro”. The syndicated loan was for US$ 70 million (COP$127,000 million).

On behalf of Structure´s Team , the leader in charge was Hector Ulloa. Under the advisory, the main activities develop by Structure were:

I. Construction of the financial model, including sensitivities to main premises

II. Evaluation of different risks allocation to the transaction

III. Advise the Client on the overall financing strategy and detailed financing plan in order to generate competition among lenders (competitive offer)

IV. Assessment in the elaboration of different documents of the transaction (Teasers, Confidential Information Memorandum)

V. Assist and participate in meetings and discussions with local lenders

VI. Evaluate the Term Sheets received by the different lenders

VII. Negotiate the security package for the Client

VIII. Negotiate the final Term Sheets and transaction documents

IX. Coordinate the due diligence process of the lenders

X. Support the Client with different requirements by the lenders

As for today, Metro System of Medellin has 55 stations within 6 municipalities; Bello, Medellin, Itagui, Envigado, Sabaneta and La Estrella.


Structuring the concession of 6 Airports in Colombia



In December 2006, Structure was awarded by Aeronautica Civil (“Civil Aeronautics National Administration”) for the financial, legal and technical Structuring for the process of integration and concession of the Colombian airports of Rionegro, Medellin, Monteria, Quibdo, Carepa and Corozal.

As a result of the advisory, in march 2008, the public tendering was awarded to Airplan with a contract value of US$ 390 million (COP$ 0,78 bn).

The Project Director and Financial Director was Hector Ulloa, who was in charge of the coordination of the multidisciplinary areas. The main activities of structure were:

I. Construction of the financial model, including sensitivities to main premises

II. Evaluation of different risks allocation to the transaction, including the elaboration of the risk matrix of the project

III. Subcontract and coordinate the technical studies of the different airports

IV. Subcontract and coordinate the legal studies of the different airports

V. Support in the elaboration of the Road Show documents to present the project to potential investors

VI. Evaluation of different project business schemes, including the integration of all the airports and the different airports as stand alone projects

VII. Acquire the authorization with the different national agencies (ANI, Ministry of Transport, Ministry of Finance, National Planning Department, CONPES, CONFIS)

VIII. Acquire the authorization of the Vigencias Futuras required for the project

IX. Coordinate and support in the creation of the different tendering documents for the project

X. Coordinate the tendering process of the project

8