Norton Rose Fulbright advises three financial institutions in US$500 million loan

Global law firm Norton Rose Fulbright advised Banco Santander S.A., Banco Bilbao Vizcaya Argentaria S.A. (Milan Branch) and BNP Paribas in a US$500 million credit facility extended to Empresas Públicas de Medellín (EPM) in Colombia. The deal closed on September 16, 2025.

Financing for the deal is guaranteed by SACE, the Italian insurance and finance group controlled by the Italian Ministry of Economy and Finance, as part of its Push Strategy program, which guarantees loans to international counterparts who commit to increasing their purchase of goods and services from Italy.

Based in Medellín, EPM is a state-owned public utility service provider that delivers electricity, gas, water, sanitation and telecommunications services throughout South America. The company will use funds from this external credit agreement, which has a 10-year term, for a debt management operation.

Norton Rose Fulbright’s cross-border deal team was led by José Cobeña and included Juliana Souza (São Paulo), Arturo Sferruzza, Giulio Mariano and Mattia Musella (Milan).