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Mayer Brown and T&C advise on winning deal at LatinFinance’s 2018 Project & Infrastructure Finance Awards

5 October 2018
Mayer Brown and Tauil & Chequer Advogados (T&C), in association with Mayer Brown, advised GE Capital on a transaction that was named the winner in two categories by LatinFinance magazine in its 2018 Project & Infrastructure Finance Awards. The annual awards honor “the most impressive transactions and institutions in a field critical to the region’s economic progress.” The winning transaction is:

Celse:
Best Bond; and Best Infrastructure Financing: Brazil

Mayer Brown and T&C lawyers represented GE Capital as a credit supporter for the Porto de Sergipe I liquefied natural gas (LNG) power plant arranged by Centrais Elétricas de Sergipe (CELSE). The project raised approximately $1.46 billion through bond buyers and multilateral lenders. According to the LatinFinance, “Celse’s innovative approach, which also includes a bond guarantee from the Swiss export credit agency SERV, has earned the power company the awards.” The project, located in Barra dos Coqueiros in the State of Sergipe, comprises of three main units: a floating offshore storage and regasification unit, a thermoelectric plant and a transmission line to transport regasified LNG from the offshore terminal to the plant. The completed project will be the largest thermal power plant in Brazil by capacity. The team was led by Banking & Finance partner Eduardo Lima (São Paulo) and included: Banking & Finance partners Luis Montes (São Paulo) and Brian Newhouse (New York), associates Ingrid Pistili and Theodoro Scott (both São Paulo); and Corporate & Securities partner Jose Valera (Houston) and senior counsel Debora Yanasse (Rio de Janeiro).

LatinFinance
is a leading source of intelligence on the financial markets and economies of Latin America and the Caribbean.

Related Information

  • Related People
    Eduardo Lima
    T + 55 11 2504 4238
    Brian E. Newhouse
    T +1 212 506 2148
    Débora H. Yanasse
    Senior Counsel
    T +55 21 2127 4276
    Jose L. Valera
    T +1 713 238 2692
    Theodoro Scott
    T +55 11 2504 4606
    Luis Montes
    T +55 11 2504 4290
    Ingrid do Nascimento Pistili
    T +55 11 2504 4264
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