Rafael Hernandez Mayoral is of counsel with Morrison Foerster. His practice is concentrated on domestic and international infrastructure projects implemented through public-private partnerships, concessions or licenses, governmental entity off-takes and other modalities. His public-private partnership experience includes airports, maritime ports, roads and social infrastructure.
Mr. Hernandez Mayoral’s practice is also concentrated on Latin American cross-border transactions, including project finance, corporate finance, venture capital and private equity financings, and mergers and acquisitions. He has advised clients with respect to transactions in virtually all Latin American countries. His project finance experience includes energy projects in Argentina, Brazil, Colombia, and Mexico; water projects in the Bahamas and Ecuador; oil and gas projects in Argentina, Colombia, and Mexico; and port projects in Uruguay and Brazil. A substantial part of Mr. Hernandez Mayoral's practice is concentrated on Latin American private equity and venture capital transactions. He represents investors and companies in financings, exits, and merger and acquisition activities.
He received his J.D. from Yale Law School where he was a Senior Editor of the Yale Law Journal. He holds B.A and M.A degrees from Johns Hopkins University. Mr. Hernandez Mayoral is admitted to practice in New York, Washington, D.C. and Puerto Rico.
Luis Muñoz Marín International Airport (San Juan, Puerto Rico)
Southwest Airlines Airport Midway Privatization
Advised Southwest Airlines, the leading carrier at Midway Airport, in negotiating the terms and conditions under which the airline would agree to the privatization of the airport by the City of Chicago, including a new 25-year Use Agreement for the airline’s lease and utilization of the airport after privatization, and the Concession Agreement under which a concessionaire/operator would be granted a 99-year lease of the entire airport.
Hartsfield-Jackson Atlanta International Airport
Advised the City of Atlanta and its Hartsfield Jackson Atlanta International Airport (the busiest in the world) in the negotiation of new Lease and Use Agreements to govern airline and airport finances, development, and operations at the airport, including a capital improvement program running into the billions of dollars, as well as federal regulatory and complex real estate and financing contracts.
Brazil Airports Privatization
Represent a leading Brazilian infrastructure developer in connection with the privatization of Guarulhos, Brasilia and Campinas airports, including the analysis of the government’s proposed bidding terms and negotiations with a major international airport operator regarding their collaboration in the privatization process.
Tuxpan III & IV Power Project
Represent Japan Bank for International Cooperation (JBIC) and Nippon Export Investment Insurance (NEXI) in connection with the $435 million non-recourse financing of a 1,000 MW dual turbine, gas-fired electrical power project in Tuxpan, Mexico, sponsored by Union Fenosa.
Tuxpan V Power Project
San Pedro de Macoris Power Project – Dominican Republic
Represent Inter-American Development Bank (IDB) as a political risk insurer in connection with a power project in the Dominican Republic.
ISAGEN
Represented Overseas Private Investment Corporation (OPIC) in connection with a $212 million loan, arranged by Citibank and unconditionally guaranteed by the Ministry of Finance of the Government of Colombia, for several projects being conducted by ISAGEN S.A. E.S.P., a state-owned power company located in Colombia.
GASYRG Pipeline
Represent Transierra, a Bolivian gas pipeline owner and operator, as borrower with respect to an International Finance Corporation (IFC) $150 million A/B loan in connection with the Yacuiba to Rio Grande 432-kilometer gas pipeline in Bolivia. The shareholders at time of the IFC Loan were Total S.A., Repsol YPF and Petrobras.
Camisea Project
Represent Repsol YPF in connection with its negotiations with Hunt Oil with respect to certain aspects of Repsol’s participation in the LNG liquefaction plant contemplated for the Camisea project in Peru.
Colombia Oilfields
Represented Omimex parties in connection with a New York law enforceability opinion relating to the financing of a $112 million project for the construction, development, and operation of several oilfields in Colombia. IFC provided $35 million of the financing for the project.
PEMEX Cantarell Nitrogen
Represented JBIC in connection with the $275 million proposed expansion of the Cantarell Project, involving the construction and integration with the existing project of a fifth ASU module and related cogeneration plant.
Argentine Petrochemical Company
Represent IIC in the second tranche of a B Loan to Petroquimica Comodoro Rivadavia, an Argentine petrochemical concern.
Alaska Permanent Fund
Represented the Alaska Permanent Fund, indirectly through its investment in Global Infrastructure Partners Ltd and directly along with several co-investors in the container terminal operations business of Switzerland’s MSC Mediterranean Shipping Co. S.A for approximately 1.93 billion.
IDB/Port of M'Bopicuá
Represent IDB as project finance lender in connection with a $21,000,000 loan (consisting of a $10,500,000 IDB loan and an associated $10,500,000 "B" Loan) to finance the construction of the Port of M'Bopicuá to be located in the Uruguay River.
Health Facility Financings – Panamá
Represent lender in connection with a social infrastructure loan to finance health facilities in Panamá.
Pension Fund/Toll Road
Represented a pension plan in its investment in the development of an U.S. toll road.
UruguayToll Road
Represent Consorcio del Este in connection with a New York law enforceability opinion relating to an IDB A/B Loan amendment.
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