Mayer Brown advised on the transaction that was named “Project Finance Deal of the Year” at GFC Media Group’s Bonds & Loans Latin America Deals of the Year awards, which “recognizes outstanding deals from across Latin American credit markets in 2017.”
Mayer Brown represented the noteholders on the private placement of approximately $135.8 million in investment-grade rated project bonds issued to partially re-finance the 70-megawatt Campo Palomas wind energy project in Uruguay. The notes were “green bonds,” or bonds whose proceeds are allocated to financing environmentally friendly projects. The Mayer Brown team was led by partner Christopher Erckert (New York/Washington DC) and included partners David Bakst (New York), Daniel Favero (Chicago) and Russell Nance (New York), and associate Valentina Castillo (Washington DC).
GFC Media Group’s Bonds & Loans editors initially determine the industry excellence recognitions based on an exhaustive selection process involving examination of case studies, in-depth feedback and discussions with market participants. Winners are then selected by industry professionals through an online vote.