Thomas Sines

Primary Focus & Experience

Mr. Sines advises sponsors, lenders and investors on complex energy and infrastructure transactions across the Americas. His work spans project finance, debt capital markets, bank financings and corporate transactions, with deep experience in both traditional and renewable energy, as well as digital infrastructure and data center financings.

Historically focused on Latin American energy and infrastructure projects, Mr. Sines has in recent years expanded his practice to include US energy and large-scale data center financings. He has advised on several landmark transactions across the digital, energy and transportation sectors—representing leading financial institutions, developers and corporate clients.

Mr. Sines' recent representations include: 

• The lenders in connection with billions of dollars of financings for data centers and related infrastructure throughout the United States, Canada, Latin America and the Middle East.
• EnfraGen, an indirect subsidiary of Glenfarne Group, in the US$1.7 billion bank/bond refinancing of a portfolio of renewable energy and conventional power projects across Chile, Panama and Colombia. The facility includes LC, working capital, flexible, acquisition and other tranches of debt – this was a pioneering multi-tranche, and multipurpose, combined bank and 144A/Reg S bond financing.
• The lenders or sponsors on over 25 financings of toll roads in Colombia, including:
  • Vía 40 Express S.A.S. (a Project Company) and Vinci Highways S.A.S. and Constructora Conconcreto S.A. (the sponsors) in the:
    • Long-term, synthetic COP- and COP-denominated financing of the construction, operation and maintenance of the 4G Bogota-Giradot highway in Colombia.
    • Limited-recourse, synthetic COP, bridge loan financing of the construction, operation and maintenance of the 4G Bogota-Giradot highway in Colombia.
  • The lenders in the financing of the design, development, construction, commissioning and operation of the Autopista Mar 2 road project in Colombia (involving both USD and COP tranches).
  • Ruta al Mar S.A.S., a subsidiary of the Colombian construction company Construcciones El Condor S.A., in financing the construction, operation and maintenance of the 4G Antioquia-Bolívar highway in Colombia. The project is the first 4G toll-road project in Colombia developed as an iniciativa privada, a concession proposal unsolicited by the Colombian government.
• The joint lead arrangers in the financing of the Aguas Pacífico desalination plant and related water pipeline in Chile being developed by Patria.
• FRV, as sponsor, on the financing of a 170 MWac solar and 350 MWac BESS project in Chile.
• VINCI, ADP and Project Company in the restructuring of the approximately $465 million senior loans for the development, construction, operation and maintenance of the Nuevo Pudahuel International Airport in Santiago, Chile.
• OPAIN in the 4(a)(2) private placement refinancing of the El Dorado International Airport in Colombia.
• The lead arrangers in the US$3 billion revolving credit facility to construct a new international airport in Mexico City.
• The lead arrangers in connection with the acquisition financing of a solar facility in Texas.
• The investors in the 4(a)(2) private placement financing of a natural gas pipeline in the Midwest United States.
• The investors in the 4(a)(2) private placement refinancing of a transmission line project in Guatemala.
• Citigroup, as lender, and 4(a)(2) investors in the development and financing of a coal-handling and transportation infrastructure project in Mexico for the CFE, auxiliary to the existing Petacalco coal-fired power plant owned and operated by CFE.
• EIG, as sponsor in the US$350 million financing of an oil transshipment terminal in Porto do Acu, the largest port in Brazil.
• SMBC and Cofide as lenders in the financing of a US$142 million off-grid solar project in Peru developed by Ergon Peru S.A.C., a subsidiary of Tozzi Green.
• Mizuho Bank, Ltd., SMBC, Credit Agricole Corporate and Investment Bank and Natixis on the financing of the US$280 million expansion of the Matarani port in Peru.

*Matter completed prior to joining Milbank

Recognition & Accomplishments

Mr. Sines is recognized as Band 4 by Chambers for Latin America Project Finance, with one client noting, “the way he deals with complex matters and negotiations is one of a kind.” He is also recognized by The Legal 500 Latin America as a Next Generation partner, which highlights his leading role on “headline projects across the region,” and was named a Rising Legal Star for Project Finance by Latinvex.  

Mr. Sines graduated magna cum laude from Luther College in 2008 and cum laude from the University of Michigan Law School in 2011. He is fluent in Spanish and has a working knowledge of Portuguese.