Milbank LLP advised Fanalca and Transdev in connection with the local currency equivalent of approximately $150 million financing for the Green Móvil project. The project is comprised of 406 electric buses and the associated support infrastructure for two SPVs jointly owned by Fanalca and Transdev. With this new addition of electric buses, TransMilenio’s fleet of electric busses will be the largest electric bus fleet in Latin America.
The Milbank team was led by Global Project, Energy and Infrastructure Finance partner Jaime Ramirez along with associate Natalia Rodriguez-Pastrana and international attorney Alexandra Costa.
Mr. Ramirez said: “It is a privilege to have supported Fanalca and Transdev in advancing the clean mobility platform in Latin America, and are pleased to be a part of this successful e-bus acquisition financing.”
Milbank continues to have the lead legal role in many of the most significant Latin American infrastructure matters and regularly advises clients on a wide range of securities, financing and acquisition transactions. The firm was recently recognized as “Latin American International Legal Advisor of the Year” by IJGlobal, “Latin America Legal Advisor of the Year” by Proximo, “Best Infrastructure Law Firm” by LatinFinance, “Banking & Finance Legal Adviser of the Year” by Bonds & Loans Latin America & Caribbean Awards, and “Law Firm of the Year” by Power Finance Risk Awards.
