Milbank LLP advised BBVA, KfW, Scotia and SMBC as lenders in the $450 million financing to Lima Airport Partners (“LAP”) for the expansion of the Jorge Chávez International Airport, located in Lima, Peru. LAP, the concessionaire of the Airport, is owned by Sponsors Fraport and the International Finance Corporation. SMBC also served as financial advisor to LAP.
The Lima Airport is a strategic hub in both Peru and South America. The expansion includes the airside development and construction of a second runway, an air traffic control (“ATC”) tower, 10km of taxiways and increased aircraft parking capacity, among other improvements.
The Milbank deal team was led by Global Project, Energy & Infrastructure Finance partner Dan Bartfeld with special counsel Fernando Capellão and international associate Natalia Rodriguez Pastrana.
Mr. Bartfeld, head of Milbank’s Global Project, Energy and Infrastructure Finance Group, noted: “Milbank is extremely active in the Latin America infrastructure space, and we are honored to work with LAP and the lenders on this very significant transaction, which is particularly noteworthy in light of the global pandemic. This financing highlights the firm’s continued involvement in high-profile airport and other critical transportation-related projects on a global level.”
Milbank has one of the largest project, energy and infrastructure groups in the world with over 125 dedicated lawyers in its offices in the Americas, Europe and Asia. In the past five years, the firm has acted as the lead legal advisor in a wide variety of transportation, power, energy, oil/gas, natural resources and other infrastructure projects worldwide that mobilized hundreds of billions of dollars of capital.
