NEW YORK, NY (January 9, 2018) – Global law firm Reed Smith LLP today announced that it recently represented Citibank, N.A. and Cititrust-Colombia S.A. Sociedad Fiduciaria in connection with the successful financial closure of the $708 million multisource financing for the construction of the 4G Antioquia-Bolívar highway in Colombia, also known as Ruta al Mar. The successful financial closure of Ruta al Mar, which took place on December 22, 2017, marks Colombia’s first private initiative to obtain international financing under the Fourth Generation (“4G”) program.
In 2016, a Reed Smith New York finance team, led by partner Lee Ann Dillon and including associate X’Ania Marie Saldana, represented Citibank and Cititrust in connection with the first two 4G projects to obtain international capital markets financing as part of a multisource and multicurrency structure that included a Colombian peso denominated bond: Concesión Pacífico Tres S.A.S. toll road (approximately $800 million (debt and equity)) and Concesión Costera Cartagena Barranquilla S.A.S toll road (approximately $600 million (debt and equity)).