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Atlantico Capital closes a senior secured financing for the Quito Metro Project

  • Infrastructure-Ecuador

Atlantico Capital closes a senior secured financing for the Quito Metro Project

Atlantico Capital Partners LLC (“Atlantico Capital”) announced today the closing of a US$ 15 million short term facility (the “Facility”) for Global Quality Steel, S.A. (“GQS”), a Swiss global reinforcing steel manufacturer with offices in Spain, Mexico, Panama, Colombia, Ecuador and Peru which designs, supplies, manufactures, and delivers comprehensive and customized solutions for steel engineering needs in large civil engineering projects in the construction industry. The proceeds of the Facility will be used in connection with the financing needs related to a US$ 127 M contract with the Quito Metro L1 Project (the “Project”). The Facility was issued at the level of a holding company that owns the Ecuadorian SPVs, which are developing the Project.

Atlantico Capital acted as exclusive financial advisor for GQS under the Facility and Corporacion Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as Mandated Lead Arranger.

GQS has recently been awarded a pipeline of large, iconic infrastructure projects throughout Latin America including: Lima Metro Line 2 in Peru, Panama Metro Line 2 in Panama, Siervo de la Nacion Highway, Guadalajara Metro Line 3 and Toluca Railroad in Mexico, Quito Metro Line 1 in Ecuador and recently Magdalena Highway in Colombia, (the “Underlying Projects”) as well as other smaller projects in the same countries for a total amount around US$ 560 M.

Currently, Atlantico Capital is working as exclusive financial advisor to GQS for the raising of a US$ 40 M long term senior secured facility to cover all financing needs for the Underlying Projects, that is expected to reach financial close by the end of 2016.

Atlantico Capital is an investment banking boutique focused on middle market transactions in Latin America, the Unites States and cross border transactions involving Spain and the Americas. In Latin America, Atlantico Capital’s geographical emphasis is on the Andean Pact countries, Central America and the Caribbean. Atlantico Capital’s headquarters are located in Miami, with offices in Panama and Madrid, providing a wide array of financial advisory services.

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Nathaniel Felton

Nathaniel Felton is a Vice President at Atlantico Capital. He has 10+ years experience in the investment banking sector.

Prior to joining Atlantico Capital in 2015, he worked as an investment-banking associate at INTL FCStone securities Inc. (“INTL”), based in Miami as part of the project finance unit. Prior to INTL, he was an associate at Morgan Stanley Private Global Wealth Management based in New York, and was a credit analyst at Dexia Asset Management based in Paris, France.

Nathaniel holds a BA in Business Administration from the American University of Paris and, holds a Masters of Science in Finance from the Zicklin School of Business at Baruch College. He is fluent in English, Spanish, and French.

Marcos Martinez

Marcos Martinez is a Vice President at Atlantico Capital. He has 10+ years experience in the investment banking sector.

Before joining Atlantico Capital in 2015, he worked as a Financial Analyst at the Structured Trade and Export Finance Department of Santander Bank.

Marcos is a CFA® Charterholder. He holds a Master’s Degree in International Business Administration from Menendez Pelayo International University and a Master’s Degree in Business Strategy from Francisco de Vitoria University. He also holds a Bachelor of Science in Business Administration from Francisco de Vitoria University. He is fluent in English and Spanish.