Mayer Brown advises on two winning transactions at LatinFinance’s 2016 Project & Infrastructure Finance Awards
27 September 2016
Mayer Brown provided legal counsel on two transactions that were named “winners” by LatinFinance magazine in its 2016 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 transactions are:
Aruba Green Corridor: Best Infrastructure Financing: Caribbean
In a transaction LatinFinance described as Aruba’s “model for future public-private partnerships,” Mayer Brown served as sponsor’s counsel to Grupo Odinsa S.A., whose Aruban affiliate, Caribbean Infrastructure Company N.V., executed a $58.7 million debt financing with Deutsche Bank for the design, construction, operation and maintenance over a 20-year period of the $140 million availability payment road project. The Green Corridor project was the first PPP financing in the history of Aruba and one of the first Greenfield PPPs in the Caribbean. The team was lead by partner George Baptista (New York) and included partner George Miller (New York) and associate Peter Denton (Chicago).
Interchile: Best Power Financing
Mayer Brown represented Interchile S.A. as borrower and Interconexión Eléctrica (ISA) as sponsor in the project financing arranged by a club of international banks and a related VAT facility arranged by Chilean banks. The project comprises the design, construction, development, ownership and operation of several transmission lines and substations in the Central Interconnected Grid (SIC) and the Northern Interconnected Grid (SING) of Chile and has a publicly reported estimated project cost of $1.3 billion. LatinFinance noted that “Chile is a key market for ISA. It operates toll roads and telecommunications infrastructure there, but Interchile signals the company’s intent to grow its power generation portfolio.” The Mayer Brown team was led by partner Christopher Erckert (New York/Washington DC).
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