Alejandro Espitia is a capital markets, banking and finance, and projects associate in Clifford Chance's New York office. His experience has focused primarily on hybrid financings, debt offerings and loan facilities in the Latin American infrastructure sector.
Alejandro’s experience in project finance has centered on advising investment banks, multilateral agencies and sponsors in milestone-based securitizations, project bonds and other types of dual loan/bond facilities for large-scale infrastructure projects. He also has significant capital markets experience representing issuers, investors and financial institutions in high-yield and investment grade 144A/Reg S and 4(a)(2) debt offerings. During his time at Clifford Chance, Alejandro has worked in both the New York and Madrid offices and has led a number of bond and loan financings with a Spanish component.
- An international bank (as structurer, sole bookrunner and initial purchaser) on the US$732.2 million financing for the Loma Plata – Carmelo Peralta segment of the Corredor Bioceanico road in Paraguay, which was the first-ever securitization of government receivables out of Paraguay; Bond of the Year, Latin Finance Awards 2019
- Natixis, AIG, Pacific Life and Metlife on the dual bond/loan refinancing structure for the Carhuaquero – Cajamarca Norte – Caclic – Moyobamba transmission line being developed by Madrid-based Bow Power, a joint venture between the ACS Group and Global Infrastructure Partners; Niche Market Deal of the Year, Bonds & Loans Latin America Awards 2018; LatAm Transmission Deal of the Year, IJ Global Awards 2018
- The Concessionaire (Metro de Lima Linea 2 S.A.) and its six shareholders, Iridium, Salini Impregilo, Hitachi Rail, Hitachi Rail STS, FCC and Cosapi 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 in Peru; Structured Financing Deal of the Year, Latin Finance Awards 2019
- Financiera de Desarrollo Nacional S.A. (FDN) as lender in connection with the structuring and negotiation of a New York law-governed COP600 billion (approx. US$220 million) loan facility to the Inter-American Investment Bank (IDB) and the Inter-American Investment Corporation (IDB Invest). Extending credit to IDB and IDB Invest marks a milestone in the implementation of a newly created product to allow international institutions to finance Colombian infrastructure projects in local currency
- Goldman Sachs in the structuring, arranging and underwriting of a US$1 billion multi-tranche, multi-currency, financing for the Conexión Pacifico 3 toll road project in Colombia; Latin American P3 Deal of the Year, PFI Awards 2016; Project Finance Deal of the Year, Latin Lawyer Magazine Awards 2016; Best Road Financing and Best Infrastructure Financing – Andes, Latin Finance Awards 2016
- Citigroup Global Markets Inc. with respect to a Rule 144A/Reg S project bond to refinance the Ruta 27 toll road in Costa Rica; Best Infrastructure Financing: Central America, Latin Finance Awards 2017, Project Bond Deal of the Year 2017, IJGlobal Awards 2017
- The State of Rio de Janeiro and RioPrevidência, 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
- Peru's largest state-owned company, Petróleos del Perú - Petroperú S.A., as issuer, in its first-ever international bond offering. Petroperú raised nearly US$2 billion in net proceeds to finance the modernization of its Talara Refinery, developed primarily by Técnicas Reunidas; Quasi-Sovereign Bond of the Year, Latin Finance Deals of the Year 2017; Downstream Oil & Gas Deal of the Year 2017, IJGlobal Awards 2017; Best Oil & Gas Financing, Latin Finance Awards 2018
- Goldman Sachs and the Central American Development Bank (CABEI) in the approximately US$390 million multi-source and multi-currency term loan financing for the Alto Magdalena toll road project in Colombia; Best Local Currency Financing, Latin Finance Awards 2017
News and client work
Career and qualifications
- University of Pennsylvania Law School (J.D.) 2015
- Joined Clifford Chance 2015
- Admitted as an Attorney-at-Law in New York 2016