Guido Liniado

Partner
New York
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA
Profile Experience

Guido Liniado advises financial and corporate clients in a variety of cross-border finance matters, primarily involving Latin America and the Caribbean.

Mr. Liniado counsels a range of banks, institutional investors, development finance institutions, sponsors, and corporates. His work includes:

  • Project bonds
  • Project finance
  • Multisource finance
  • Structured finance
  • Acquisition, leveraged, and other corporate finance

He regularly handles senior and subordinated debt, bridge facilities, revolving facilities, mezzanine facilities, L/C facilities, receivable purchase facilities, credit enhancement, intercreditor arrangements, and security matters.

Mr. Liniado’s experience includes advising:

Acquisition, Leveraged, and other Corporate Finance
  • Telefonica, a Spain-based telecommunications service provider, in the multi-tranche financing related to the approximately US$1 billion sale of its Chilean fiber optic business to KKR.
  • BNP Paribas, Bank of America, JP Morgan, and Santander, as arrangers and lenders, on the US$320 million senior unsecured term financing to Colombia Telecomunicaciones (ColTel) and BBVA, BNP Paribas, BofA, JP Morgan, and Santander as initial purchasers on the issuance by ColTel of US$500 million senior notes.*
  • JP Morgan and Scotiabank, as joint bookrunners, lead arrangers, lenders, and initial purchasers, on the US$80 million bridge financing to TermoCandelaria Power, and its subsequent US$186 million notes reopening.*
  • A Peruvian asset manager, as arranger for its note purchaser funds on a multi-closing 4(a)(2) private placement of PIK bonds structured to coexist with debt-like preferred shares and pari passu debt.*
  • Albanesi on the US$395 million financing for the development of the 133MW Arroyo Seco cogeneration power plant and the refinancing of the 170MW Timbúes cogeneration power plant.*
  • Bancolombia and a group of other Colombian and Central American banks in the US$465 million financing and subsequent refinancing of four hydro projects with a combined capacity of 246 MW sponsored by Renace in Guatemala.*
  • Bancolombia, as arranger and lender, on the US$130 million financing for the acquisition by Putney Capital Management and Darby Private Equity of a significant indirect stake in EGE Haina, the largest energy generator in the Dominican Republic.*
Project and Structured Finance
  • BTG Pactual and Santander, as joint bookrunners, and Santander as social bond structuring agent, in the US$209 million senior secured UVR indexed notes offering for the Puerta de Hierro toll road in Colombia, which was guaranteed by DFC. This was the inaugural DFC-guaranteed project bond in Latin America.
  • 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 PEC 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 global coordinator and joint bookrunner, and Itau BBA, as joint bookrunner, on the US$657 securitization of construction receivables (PDIs) to finance the first toll road awarded under the PPP scheme in Paraguay, the largest-ever private investment in Paraguayan infrastructure. The transaction also included the first letters of credit issued by IDB and IDB Invest to support advances under the bond to fund working capital.*
  • Goldman Sachs, JP Morgan, Citi, UBS, Bank of America, Nomura, and Itau on six different multi-billion securitizations of construction receivables (TPIs) for the financing of the Corredores Viales Nacionales A, B, C, E, F, and Sur projects in Argentina tendered under the PPP program. Also assisted the Ministry of Finance of Argentina (acting under the institutional umbrella of the Inter-American Investment Corporation and the Inter-American Development Bank) on the design and implementation of the PPP program.*
  • 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.*
  • 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$619 million securitization of construction receivables (CDNOs) to finance the development of the integral rail system of Panama City Metro line 2, which involved the first issuance of CDNO-backed project bonds in Panama.*
  • 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).*
  • Several entities of the Mexican Grupo R conglomerate in a secured sale and leaseback financing of the Cantarell III jack-up rig with Fels Asset Co 2, an affiliate of the Singaporean Keppel Corporation.*
  • BNP Paribas, as arranger and placement agent, on the multi-source US$1 billion "B bond" for the 306 MW Reventazon hydroelectric project in Costa Rica, which was also financed through bank loans made by IDB, IFC, and a syndicate of Costa Rican banks (named Best Infrastructure Financing – Central America, LatinFinance Awards 2014).*
  • Grupo Terra, as sponsor, and Transmision de Electricidad, as borrower, on the project financing and dividend recapitalization by DEG, FMO, and Proparco for the Las Cumbres wind farm and transmission line in Guatemala.*

*Matter handled prior to joining the firm

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