LatinFinance recognized the work of Milbank LLP in three categories at the “2021 Deals of the Year Awards” announced on February 7. The firm was acknowledged for its role in the Quasi-Sovereign Bond of the Year, the Structured Finance Deal of the Year and the Restructuring of the Year.
The Awards recognize the best in Latin American finance and investment from October 2020 through September 2021. LatinFinance editors select the winners based on transaction size, complexity, innovative elements, market significance and execution. Milbank’s work was recognized in the following transactions:
- Quasi-Sovereign Bond of the Year – Fourth Tocumen Airport Bond Offering: Milbank advised the initial purchasers in a $1.855 billion secured bond issuance by Aeropuerto Internacional de Tocumen, S.A., the Panamanian government-owned operator of the country’s principal airport, in Panama City and as dealer managers in concurrent tender offers to buy back its existing 2036 and 2048 senior secured notes and the consent solicitation to amend the old notes, the related indenture governing such notes and the related security documents.
- Structured Finance Deal of the Year – Metro Line 3 Project in Panama: Milbank advised Citibank, N.A., The Export-Import Bank of Korea (KEXIM), The Korea Trade Insurance Corporation (KSure) and the other mandated lead arrangers and lead arrangers, in the $2 billion financing for Metro de Panama S.A.’s Metro Line 3 Project.
- Restructuring of the Year – Restructuring for Cinepolis: Milbank advised the Ad Hoc Committee of Lenders (comprised of over 30 financial institutions in more than 10 countries) in the successful restructuring by Cinépolis, Mexico’s biggest movie theater operator, of $1.35 billion of syndicated and bilateral loans.
Marcelo Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, noted: “We are pleased to have once again earned these recognitions from LatinFinance for our work in Latin America. These awards reflect our expertise and relationships in the region, and our commitment to our clients who are investing in numerous industries across the entire region.”
Dan Bartfeld, practice group leader of the firm’s Global Project, Energy and Infrastructure Finance Group and co-head of the firm’s Latin America Group, said: “We are honored to receive these accolades in recognition of our extremely strong practice in the Latin American market. On behalf of our attorneys focused on the Latin American infrastructure and energy markets, we are incredibly grateful to our clients who trust us with their market-leading projects.”
