Armando Rivera Jacobo
Biography
Overview
Armando Rivera Jacobo is a partner based in White & Case's Washington, DC office. He is a member of the firm's Global Project Development and Finance Group. Armando's practice focuses on infrastructure (including public-private partnerships and energy) project financing transactions. He has also participated in infrastructure strategic transactions, including mergers and acquisitions and joint ventures.
Armando has represented sponsors, lenders and equity investors in the development, construction, financing and operation of surface, marine and air transportation projects, natural gas transportation and storage systems, natural gas fired combined cycle power plants and renewable power projects, both in the United States and internationally, primarily in Latin America.
Faculty of Laws
Experience
Representation of US DOE on an ATVM financing for CelLink for the establishment of an electric vehicle flex harness manufacturing facility in Texas.
Representation of US DOE on a proposed ATVM financing for Li-Cycle for the construction and operation of a battery recycling facility in New York.
Representation of a group of 13 commercial bank lenders in connection with the US$3.4 billion non-recourse senior secured financing for the redevelopment of Terminals 6 and 7 at JFK International Airport. The financing deployed a novel multi-source debt financing structure, comprising a combination of taxable commercial bank loans alongside tax-exempt bonds. Awarded "North America Transport: Airport Deal of the Year" by IJGlobal 2022.
Representation of lenders to I Squared Capital, an independent global infrastructure investment firm, in relation to the US$2.15 billion acquisition of GTT Communications infrastructure division consisting of GTT's business and activities of providing Pan-European, North American, sub-sea and trans-Atlantic fibre network and data centre infrastructure services to customers.
Representation of AMP Capital (currently InfraBridge) and its joint venture with Enel X on the long-term financing of mass electric transportation vehicles and related charging infrastructure in the Americas. Awarded "Social Infrastructure Financing of the Year" by LatinFinance 2021 and "Latin America Emerging Energy Deal of the Year" by Proximo 2021.
Representation of the U.S. Department of Transportation in connection with the financing by Louisiana Department of Transportation and Development of a group of road and bridge projects in Louisiana.
Representation of Seven Seas Water Corporation and its affiliates in its term loan facility, and the refinancing thereof, for the recapitalization of the group following its acquisition by a fund managed by Morgan Stanley Infrastructure Inc., and the financing of Seven Seas Water's acquisition of Sembcorp's water treatment project in Panama.
Representation of Morgan Stanley Infrastructure Inc., a leading global infrastructure investment platform, in its acquisition of Seven Seas Water Corporation, AquaVenture Holdings Inc. and AquaVenture Holdings Curacao N.V., a multinational developer, owner and operator of water production and wastewater treatment plants and businesses, from AI Aqua (Luxembourg) S.a.r.l, a company owned by Advent International Corporation.
Representation of a bidder for the HART Project in Hawaii, including negotiation of financing commitments for multiple debt solutions. The payment stream under the concession to be used for debt repayment comprises a combination of periodic payments and availability payments, the source of funds for which is sales tax revenue.
Represetation of the Lenders to ST EIP Holdco LLC, a jointly owned subsidiary of Shinhan Investment, Samtan, EIP Investment, and KDB KIAMCO, in the financing of its acquisition of an indirect 50% equity interest in the Utopia pipeline.
Representation of Financial Security Assurance (FSA) in its financial guarantee of a project bond financing for the Chicago Skyway toll bridge system, involving the issuance by Skyway Concession Company of US$1.4 billion of senior secured floating rate bonds insured by FSA. This innovative financing included interest rate hedging transactions in which FSA insured the issuer's obligations to Citibank and Goldman Sachs Capital Markets as swap counterpartie*
Representation of the terminal operator and one-third equity sponsor in the LaGuardia Airport Central Terminal Reconstruction Project, which is being designed, built, operated and financed under a long-term P3 agreement with the Port Authority of New York and New Jersey.*
*All matters prior to joining White & Case
