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Autopistas del Sol, S.A. completes $300 million Rule 144A and Reg S offering and concurrent public offering of $50.75 million of Senior Secured Notes in Costa Rica

31 May 2017

Jones Day represented Autopistas del Sol, S.A. in connection with a Rule 144A and Regulation S offering by Autopistas del Sol of $300 million aggregate principal amount of 7.375% Senior Secured Notes due 2030. Concurrently with the Rule 144A and Regulation S offering, Autopistas del Sol offered $50.75 million in aggregate principal amount of 6.80% of Senior Secured Notes due 2027 to certain investors in Costa Rica pursuant to a separate Costa Rican prospectus in a public offering approved by Costa Rica’s General Superintendency of Securities. Citigroup Global Markets Inc. acted as sole global coordinator and bookrunner for the offering.

This transaction represents the first concurrent local and international bond issuance in Costa Rica and one of the largest Central American project bonds in recent history.

Autopistas del Sol is a wholly-owned subsidiary of Global Vía Infraestructuras, S.A., a Spanish leader in infrastructure concession management. Based in Costa Rica, Autopistas del Sol is the only private toll operator in Costa Rica and operates a toll road that runs approximately 76.8 kilometers from San Jose, the country’s capital and most populous city, to the Port of Caldera, the launch point for both cruise and freight ships in the Pacific coast.

For additional information about this matter, please contact: Marie Elena Angulo, Richard P. Puttré, Javier López Antón
Client(s): Autopistas del Sol, S.A.
Practice(s): Capital Markets, Projects & Infrastructure, Tax
Office(s): Madrid, Miami, Singapore, San Francisco, New York, Chicago, Washington

Matter Type
Banking & Finance - Capital Markets: Debt
Industry
Real Estate & Construction
News Category
Banking & Finance
Real Estate & Construction