Armando Rivera Jacobo

Debevoise & Plimpton LLP 

$ $$$

New York 10022 NY US

Armando Rivera Jacobo is a counsel based in the New York office. Mr. Rivera is a member of the firm’s Corporate Department and Finance Group. He focuses on financing transactions both in the United States and internationally, including project financings, leveraged acquisition and other secured financings and structured financings.

Mr. Rivera also actively participates in infrastructure development and strategic transactions, including mergers and acquisitions and joint ventures, both in the United States and internationally, primarily in Latin America.

Mr. Rivera joined the firm in 2004. He received LL.M. degrees from Columbia Law School in 2007 and Katholieke Universiteit Leuven, Faculty of Laws in 2003 (LL.M. paper: The Societas Europaea: Enhancement of the Freedom of Establishment of Companies?). He received an Abogado degree from Escuela Libre de Derecho in 2001 (thesis: Propuesta de un nuevo régimen legal de la energía eléctrica (Proposal for a new legal framework for electric power)). Prior to coming to the firm, Mr. Rivera worked as an associate at Galicia y Robles, S.C. (currently Galicia Abogados, S.C.) in Mexico City. During his time at Galicia y Robles, S.C., as part of his project finance practice, Mr. Rivera represented sponsors and lenders in the development, construction, financing and operation of natural gas transportation systems and natural gas fired combined cycle power plants under self-supply and independent power production schemes, and the related transmission facilities. At Debevoise, Mr. Rivera has expanded his project finance practice beyond energy to include other infrastructure sectors such as toll roads and mining and to the representation of financial guarantors.

Mr. Rivera is ranked as a leading lawyer by The Legal 500 US (2017). He was named to The Legal 500’s Private Practice Powerlist (2018) for leading U.S. attorneys with a focus on Mexico and has been named a “Rising Star” for Project Finance by The Legal Media Group’s Expert Guides (2018). He is co-author of a number of articles that have appeared in project finance-related publications including: the New York State chapter of “Project Finance 2018,” Getting the Deal Through (September 2017), co-authored with partner Ivan E. Mattei; “Diversity, Key in Brazil,” Project Finance International’s Global Renewables Report 2011 (May 2011); and “Pennsylvania: Swing State,” International Financial Law Review (August 2008). He is also a contributing editor for “Public Private Partnerships 2018,” Getting the Deal Through (November 2017), and co-author of the United States chapter of that publication.

Mr. Rivera is a member of the Project Finance Committee of the New York City Bar Association. His recent speaking engagements include International Project Finance Association’s panel on “The Latin American Project Finance Resurgence? Assessing Opportunity & Risk in a Volatile Environment” (2016), the City Bar Center for CLE Programs’ program “Infrastructure Public-Private Partnerships (P3s): Utilizing P3s to Procure, Develop and Finance Infrastructure Projects” (2016) and the Practicing Law Institute’s webinar “International Series: Cultural Competencies – Doing Deals in Latin America” (2016).

Mr. Rivera is a member of the Bar of the State of New York and is qualified to practice law in Mexico. He is a native Spanish speaker and fluent in English.

Experience:

  • Syncora Holdings in a reinsurance agreement with Assured Guaranty to reinsure approximately $13.5 billion of financial guaranty policies, representing 91% of Syncora’s outstanding insured exposures.
  • Mojave Parabolic Trough Solar Power Plant, U.S.A. — acted for the senior lenders in a $1.0 billion project financing for a utility-scale solar power plant in the Mojave Desert in California.
  • The project financing of the Cerro Verde mine in Peru, which was recognized as the Project Finance Deal of the Year by Latin Lawyer Magazine.
  • Footprint Power in the sale of Salem Harbor Energy Station Project to Highstar Fund IV and Toyota Tsusho, an EPC Contract with Iberdrola Energy Projects, to build a 700MW state-of-the-art combined-cycle gas electric generating facility and a $730 million construction financing, a transaction awarded the Project Finance International “2015 Power Deal of the Year of the Americas” award.
  • Purple Line Light Rail – acted for one of the short-listed consortia bidding for the “Purple Line” light rail project being developed in the Maryland suburbs of Washington D.C.
  • Eutelsat Communications in its $1.14 billion acquisition of Satélites Mexicanos.
    Oriental Trading Company in its sale to Berkshire Hathaway.
  • Utility-Scale Parabolic Trough Solar Power Plant – the senior lenders in a $1.5 billion project financing for a utility-scale solar power plant that will use a field of 800,000 parabolic trough mirrors and molten salt heat storage to permit power generation to continue at night.
  • Pennsylvania Turnpike – the winning consortium in the Pennsylvania Turnpike concession, achieving a fully negotiated concession agreement and fully documented and binding financing commitments for a multisource financing including bank debt and PABs, although the transaction was ultimately not approved by the Pennsylvania state legislature.
  • 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 $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 counterparties. (Winner of IFLR’s “Americas Deal of the Year 2005” and Project Finance Magazine’s North America Project Bond Deal of the Year 2005.
  • Missouri “Safe and Sound” Bridge Project –acted for the lenders in the proposed DBFM “800 Bridges” project in Missouri, including in a proposed tax exempt bond financing.
  • AXA Group in its $1.5 billion acquisition of ING Seguros, the Mexican insurance subsidiary of ING Groep.
  • MBIA in a $200 million registered offering of MBIA-insured inflation-indexed local currency bonds by a Mexican administrative trust established to securitize the toll receivables on the Cadereyta Toll Road (Monterrey Toll Road) in Nuevo Leon, Mexico. The toll rights were contributed to the trust by Red Estatal de Autopista de Nuevo Leon, a decentralized public instrumentality of the Nuevo Leon state government which operates and maintains the state’s tolled highways. Debevoise acted as U.S. Counsel. (Winner of the Project Finance International “Deal of the Year” Prize – 2004)
  • MBIA in the 144A bond issuance by Mexico’s Comisión Federal de Electricidad, the proceeds of which were used to finance completion payments in the “El Cajon” hydroelectric project.

Education:

  • Columbia Law School, 2007, LL.M.

Bar Admissions:

  • Mexico
  • New York

Cost

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