Mayer Brown advises on two transactions named 2012 “Deals of the Year Latin America” by Project Finance
14 March 2013
Mayer Brown, a leading global law firm, announced that it provided legal counsel on two transactions that were named 2012 “Deals of the Year” by Project Finance magazine. The awards recognize innovation and excellence in energy and infrastructure finance, and are selected by the magazine’s staff of experienced journalists in consultation with influential market participants.
Mayer Brown represented sponsor Acciona Energia, S.A. and the issuers on the $148.5 million project bond financing of the Oaxaca II and the $150.2 million project bond financing of the Oaxaca IV wind farm projects in Mexico, which Project Finance named “Latin American Project Bond Deals of the Year.” This first-of-its-kind financing represents one of the first Latin American project bonds to receive an international scale investment grade rating as well as the first project bonds for a Latin American wind energy project. The Mayer Brown team was led by partner Christopher Erckert and included partners David Bakst, Jason Bazar and David Duffee and counsel Carol Bilzi.
The “Latin American PPP Deal of the Year” was the $983 million Vía Parque Rímac toll road in Lima, Perú. Mayer Brown represented BNP Paribas as arranger and placement agent, and Banco de Crédito del Perú and Banco Internacional del Perú – Interbank as lenders, in the approximately $527 million financing for the construction of the toll road. The mixed project bond and commercial bank financing represents the largest Peruvian-currency financing to date for any non-sovereign debtor and a rare project bond financing for a project that entails both construction and traffic risk. The Mayer Brown team was led by partner Christopher Erckert and included partners Debora de Hoyos, David Bakst and Jason Bazar.
Project Finance is a leading source of industry news and in-depth analysis of benchmark deals in the oil and gas, power, renewables, transport and PPP sectors, as well as infrastructure funds, project bonds, water, mining, petrochemicals and telecoms.