Infrastructure and transportation

• Grupo IDC’s subsidiary, Fondo BPS -- the Guatemalan branch of a Panamanian fund, in connection with the secured project financing provided by IDB Invest, IDB Invest Fund and Banco Industrial for the construction of a private 30 km toll road from San Antonio Suchitepéquez to San Andrés Villa Seca, Guatemala. The financing includes a senior tranche of up to USD54m and a subordinated tranche of up to USD1m made available by IDB Invest, a sustainability-linked senior tranche of up to USD1m and a sustainability-linked subordinated tranche of up to USD9m made available by IDB Invest Fund, and a 711 million quetzales (~ USD91m) tranche made available by Banco Industrial. The toll road is 100% privately owned by the Borrower. Grupo IDC is a multi-fund platform based in Guatemala and this toll road is its first greenfield project in the infrastructure sector. Named IFI Loan Deal of the Year 2024 by Global Banking & Markets.

Banking and finance

• International Finance Corporation (IFC) in connection with a $60 million senior unsecured facility provided to Axtel, S.A.B. de C.V. The facility will be used by Axtel for the refinancing of existing debt and other capital expenditures.
• Central American Bank for Economic Integration (CABEI) in connection with a $150 million senior unsecured facility provided for general corporate purposes by a syndicate of lenders arranged by CTBC Bank.
• JPMorgan and the lenders on the $597 million financing for The Fresh Market, Inc. (TFM), a retail-grocery store, as borrower and Cencosud S.A., the largest Chilean retail company, as guarantor. This working capital facility was put in place immediately following Cencosud’s acquisition of TFM.
• HSBC, Bank of America, Citibank, HSBC, Itaú BBA International and Mizuho in connection with a $250 million senior unsecured credit facility for Natura & Co Luxembourg Holdings, parent of Aesop and The Body Shop, as borrower, and Natura Cosméticos and Natura & Co Holding, each as a guarantor.
• JPMorgan, Mizuho and Scotia Capital in connection with a Rule 144A/Reg S offering of $350 million 4.900 percent senior secured notes due 2026 by Electricidad Firme de México Holdings (EFM), holding company of Saavi Energia, the fourth largest private power company by generation in Mexico. Part of the net proceeds of the offering of the notes were used to (i) repay a $275.5 million bridge facility provided to the issuer by JPMorgan Chase Bank, Mizuho Bank, and The Bank of Nova Scotia as joint lead arrangers that was used by the issuer to repay a loan granted to it by GIP Spectrum Saavi Luxco, and (ii) partially pay for transaction costs associated with the notes offering. The remaining proceeds are expected to be used for general corporate purposes, including to make distributions to GIM EM Bronco Luxco, the sponsor of the issuer.
• Scotiabank Mexico on the $60 million letter of credit facility provided to EFM for the debt service, operations and maintenance obligations of Cometa Energía under its existing bond financing. Cometa owns a portfolio of subsidiaries operating natural gas electric generation and related facilities in Mexico.

Acquisition finance

• Lenders and joint bookrunners on a Rule 144A/Regulation S offering of $1.1 billion 4.550% senior secured notes due 2051 issued by Alfa Desarrollo (Alfa) (a newly formed company wholly-owned indirectly by Celeo Redes) and certain investment funds managed by APG to consummate the $1.35 billion acquisition of Colbún Transmisión. Named Americas Transmission Deal of the Year by Project Finance International.
• JPMorgan Chase in connection with a $25.5 million acquisition loan facility granted to APG Energy & Infra Chile Expansion SpA, as borrower, for the acquisition of 80% of the share capital of Transquillota from Colbún and Enel Generación. APG acquired Transquillota in a joint venture with Celeo Redes which acquired 20% of Transquillota. Transquillota owns and operates the San Luis-Quillota transmission line and the San Luis substation in the Valparaíso region of Chile.
• Joint lead arrangers and joint bookrunners on the senior secured notes issued by, and senior secured credit facilities made available to, Cometa Energía (Actis) with its $1.256 billion acquisition of the InterGen portfolio of energy assets in Mexico. Named LatAm M&A Deal of the Year by IJGlobal andBest Infrastructure Financing Deal of the Year by LatinFinance.