Mayer Brown advises on three LatinFinance “Deals of the Year”

Mayer Brown advised on three transactions recognized by LatinFinance as “Deals of the Year,” reflecting the firm’s role in delivering complex, high‑impact capital solutions across Latin America.

The firm was recognized for advising on these award-winning transactions at the LatinFinance Capital Markets dinner, which was held on January 29:

• Financial Institutions Deal of the Year: Banco Industrial's $996M 2025 Diversified Payment Rights Transaction
  Mayer Brown served as counsel to a group of private placement investors in connection with a $996 million offering of notes backed by current and prospective Dollar-denominated diversified payment rights (DPRs) originated by Banco Industrial S.A., Guatemala's largest banking institution. The transaction's structure reduces sovereign risk through the offshore collection of cash flows until full payment to investors is achieved, enabling the transaction to receive a rating above Guatemala's country ceiling. This offering is understood to represent the largest DPR transaction conducted by an originator in the Central America and Caribbean region.

• Sovereign Sustainable Deal of the Year: El Salvador $1B Debt-for-Nature Swap
  The firm advised the United States International Development Finance Corporation, in its capacity as political risk insurer, in relation to a $1 billion debt-for-nature conversion for El Salvador. The financing facilitated the repurchase of $1.031 billion in outstanding bonds at a discount to par value. Savings realized from this transaction will be allocated over time to support conservation efforts, water security initiatives, and ecosystem restoration within the Lempa River (Rio Lempa) watershed, among the longest rivers in Central America. Initiatives funded by the transaction's savings are anticipated to improve water quality, quantity, and reliability; bolster climate resilience; safeguard the watershed's natural ecosystem; and address water security risks throughout the region. 

• Private Debt Deal of the Year: Interceramic $640M Bridge Take-out Financing
  Mayer Brown represented a group of institutional investors in a nearly $640 million refinancing transaction for Internacional de Cerámica, S.A.P.I de C.V. The transaction was structured to repay the previous acquisition bridge financing used to take the company private and buy out certain shareholders. The institutional investor group funded a $320 million senior US private placement. 

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