Project Finance & Infrastructure
PAGBAM has a strong practice in relation to all the industries and business areas which require financing, such as power generation, distribution and transmission, oil and gas, pipelines, renewable energy, infrastructure, telecommunications, mining, public works, construction, transportation, industrial plants and real estate developments.
PAGBAM has strong working teams that include, according to each project, lawyers who are experts in project finance and professionals who are specialists in the different fields of business and knowledgeable of the regulatory frameworks and the issues of the relevant industries and sectors, thus providing clients with tools for accurate credit and risk assessments.
PAGBAM also handles project-related litigation and dispute resolution procedures, as well as the restructuring of distressed project finance projects.
The firm has actively participated in the financing of some of the largest projects. We represent all types of lenders, such as domestic and international commercial banks and other financial institutions, insurance companies, investment and merchant banking firms, export credit agencies and multilateral agencies and development banks. We also advise borrowers, sponsors, contractors, suppliers and venture capital investors in a large number of major domestic and cross-border project financings. These transactions have involved all types of financing arrangements, including commercial bank financings, multilateral, bilateral and ECA financings, construction and term debt facilities, equity and debt syndications, partnerships, public and private bond offerings (including project bonds) and structured receivables arrangements.
Our team advised Genneia S.A. in the awarded project finance transaction of the wind farms Chubut Norte and Villalonga. Global Trade Review highlighted: "This transaction is the first long-term, fully amortised, non-mini perm commercial project finance in Argentina. In addition, it is the first project finance deal in Argentina to include development banks, a commercial bank and an ECA among the lenders – which is an extraordinary feature even in more mature markets".