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Clifford Chance advises on financing for midstream growth project on Colombia's Caribbean coast

February 29, 2024

Clifford Chance advises on financing for midstream growth project on Colombia's Caribbean coast

New York: Global law firm Clifford Chance has advised the lenders led by Macquarie Bank Limited on a senior secured term loan facility provided to Pipeline Investment Limited (Bermuda), a wholly-owned subsidiary of Frontera Energy Corporation (FEC). The funding will facilitate FEC's growth in the midstream sector through the construction of a new pipeline connecting Puerto Bahía liquid terminal to the Refinería de Cartagena – Reficar.

Reficar, located on Colombia's Caribbean coast, is the country's largest oil refinery. The development of this project is key for Puerto Bahia's business and marks a significant expansion for FEC's rapid growth of the midstream business.

Partner Hugo Triaca and counsel Alberto Haito led the advisory service with law clerk Adriana Cabal.

Clifford Chance advises on many infrastructure transactions in the Latin American market, including recently advising lenders led by Macquarie Bank Limited on a US$120 million senior secured term loan facility provided to Pipeline Investment Limited (Bermuda), and to lenders on the financing of the US$672.4 million Antioquia Port project in Colombia.