Milbank, Tweed, Hadley & McCloy LLP’s Global Project Finance group has been recognised by Project Finance International (PFI) for five separate transactions at the PFI Awards Dinner held in London last night. The awards dinner gathered the most senior and successful market professionals to celebrate industry excellence.
The firm acted as counsel in the following key transactions in 2015:
- Americas Power Deal of the Year: Salem Harbor
Milbank represented Toyota Tsusho Power USA, Inc. as co-developer and equity investor in the US$730 million financing for the Footprint Salem Harbor Power Station, which entails the development of a 700 MW state-of-the-art combined-cycle gas electric generating facility. - Asia-Pacific Mining Deal of the Year: Oyu Tolgoi
Milbank represented the lenders, including the multilateral agencies, the export credit agencies and a syndicate of commercial banks in connection with the US$4.4 billion financing for the Oyu Tolgoi Project. - Europe M&A Deal of the Year: Fortum Sweden
Milbank represented the Mandated Lead Arrangers on the financing for the €6.6 billion acquisition of Fortum Distribution AB by the Borealis Consortium. - LatAm Renewables Deal of the Year: Conejo Solar
Milbank represented the banks providing approximately US$205 million to finance the Conejo Solar photovoltaic power project that Pattern Energy Group LP is developing in the Atacama Desert, located in the Antofagasta region of Chile, 250 miles north of Santiago. - Middle East and Africa Petrochemical of the Year: PetroRabigh
Milbank represented the Japan Bank for International Cooperation (“JBIC”), Saudi Arabia’s Public Investment Fund (“PIF”) and various commercial banks/Islamic financial institutions on the US$5.2 billion expansion financing for the PetroRabigh Refining and Petrochemicals Project in Saudi Arabia.
Global practice group leader of Milbank's Global Project Finance Group, Dan Bartfeld, said: “We are delighted to have been involved in some of the most complex and groundbreaking projects in 2015 and look forward to similar success throughout 2016. These awards recognize the tremendous efforts that have been put in by Milbank lawyers across a variety of regions and disciplines and reinforce our position as a firm operating at the top end of the market.”
Co-Chair of Milbank’s Global Project Finance Group, Eric Silverman, said: “This recognition highlights our ability to develop innovative and sophisticated financing solutions for clients across a spectrum of industry sectors and geographical regions. These deals demonstrate the breadth and quality of our practice as we continue to advise on cutting-edge transactions.”
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
