Mayer Brown advised on the transaction named “Latin American Refinancing Deal of the Year” by IJGlobal at its 2017 Americas Awards, which recognize “excellence, achievement and innovation in energy and infrastructure finance” during the past year and are chosen by the publication’s editorial team.
Mayer Brown represented Celeo Redes Operación Chile S.A. in the first portfolio project bond in Chile, in which the company issued $379 million aggregate principal amount of 5.2 percent, dollar-denominated senior secured notes due 2047, as well as approximately $221 million (equivalent) of Chilean currency notes issued in the local market. A landmark in the region, this dual-currency, two-market transaction created a path for innovative use of the capital markets both locally and internationally. The Mayer Brown team was led by partner Christopher Erckert (New York/Washington DC) with support from partner David Bakst (New York).
IJGlobal is a magazine and online news service providing detailed information on financial structure, policy, pricing and key players influencing infrastructure and project finance transactions and trends.