Maria Juliana Saa

Senior Counsel
Maria Juliana Saa


Maria Juliana Saa Hoyos is an attorney in Holland & Knight's Bogotá office. Ms. Saa Hoyos focuses her practice on the areas of corporate services, financial law, capital markets, bank investment and commercial law.

Ms. Saa Hoyos is involved in important financial transactions in Colombia, including designing and structuring new financial products and standard market products as mutual funds and private funds. She has extensive experience in drafting, negotiating and reviewing contracts, including loan agreements, share purchase agreements, factoring agreements, shareholder agreements and other corporate documents.

Prior to joining Holland & Knight as an associate, Ms. Saa Hoyos practiced as an associate in a law firm in Colombia and as a legal director for a brokerage firm.


  • Advised Colombia's infrastructure development bank, Financiera de Desarrollo Nacional (FDN), and two other international banks as lead arrangers for the US$650 million financing of the Mar 2 project, which is part of Colombia's fourth generation (4G) road infrastructure plan; financing included two tranches of COP$500 billion and US$501.7 million; the Mar 2 project is a 254 kilometer toll road in Antioquia, Colombia, that includes the construction of 11 tunnels and 59 bridges

  • Advised a global investment manager focused on infrastructure and real estate in the purchase and sale agreement to ensure a 50 percent stake in the 34-year Ruta Al Mar concession, which includes the design, construction, financing, operation and maintenance of a 491 kilometer highway in Colombia; the remaining 50 percent of the capital is held by the engineering, procurement and construction (EPC) contractor for the project, which is being developed as a Private Initiative 4G Project, within the Colombian government's 4G Program

  • Advised, under Colombian and New York laws, FDN on the financing of the Pacific 3 project; this was the first 4G financing that was closed, the first transaction with liquidity line granted by FDN and one of the first international project bond issues in Colombia; final structure included seven tranches of secured senior debt; LatinFinance named the transaction the "Best Road Financing" and "Best Infrastructure Financing" deals for the Andes region in 2016 and recognized Holland & Knight for its work

  • Advised FDN on the financing of project Costera Cartagena-Barranquilla, part of the 4G road infrastructure program in Colombia, which included five tranches of debt totaling US$1.45 billion, including two series of international project bonds
  • Advised FDN on the financing of the Alto Magdalena project, part of the 4G road infrastructure program in Colombia
  • Advised FDN on the financing of the Perimetral Oriental project from Bogotá, a perimeter road corridor in eastern Cundinamarca, part of the 4G road infrastructure program in Colombia; debt financing package included a principal amount of US$156 million, a senior credit line for COP$870 billion and a subordinated liquidity line for COP$45 billion
  • Advised FDN on the financing of the Conexión Norte project, part of the 4G road infrastructure program in Colombia; the project concessionaire received financing in two tranches, including a US$250 million credit line, COP$520 billion in the second tranche and an additional liquidity facility for COP$80 billion
  • Advised FDN on financing the Ruta del Cacao project, part of the 4G road infrastructure program in Colombia
  • Advised FDN on the financing of the Transversal del Sisga project, part of the 4G road infrastructure of Colombia

  • Advised FDN and a Colombian bank as senior lenders in the financing of a photovoltaic 19 MV plant in Colombia
  • Advising two leading Colombian banks in the financing of two photovoltaic 19 MV plants in Colombia


  • Universidad de los Andes, Specialization, Financial Legislation
  • Universidad de los Andes, Specialization, International Business Law
  • Universidad de los Andes, J.D.
Bar Admissions/Licenses
  • Colombia
Honors & Awards
  • The Legal 500 Latin America, Rising Star, Banking and Finance, 2021
  • The Legal 500 Latin America, Banking and Finance, 2019
  • Best Road Financing, Project & Infrastructure Awards, LatinFinance, 2016, 2017
  • Best Local Currency Finance, Project & Infrastructure Awards, LatinFinance, 2017
  • Best Infrastructure Financing for the Andes Region, Project & Infrastructure Awards, LatinFinance, 2016
  • Deal of the Year, Project Finance, Latin Lawyer, 2016
Spoken Languages
  • English
  • Spanish


Speaking Engagements