Milbank was honored with five awards for four separate transactions at LatinFinance’s annual Project & Infrastructure Finance Awards, which were held on October 3 in New York. The firm earned awards for “Power Financing of the Year,” “Mining Financing of the Year,” “Infrastructure Financing of the Year: Brazil,” “Infrastructure Financing of the Year: Mexico” and “Infrastructure Financing of the Year: Central America.”
Since launching in 2013, LatinFinance’s Project & Infrastructure Finance Awards have recognized the most impressive transactions and institutions crucial to the economic growth of Latin America and Caribbean. Winners are selected following a review of information and data from market participants, interviews with industry leaders and additional research conducted by LatinFinance’s editorial staff.
Milbank received these accolades for the following transactions:
- Power Financing of the Year and Infrastructure Financing of the Year: Brazil: Gas Natural Açu - Milbank advised Gas Natural Açu in connection with the development and financing of a major LNG-to-Power project at Açu Port in São João da Barra, Brazil. The project is part of the largest natural gas thermoelectric complex in Latin America.
- Mining Financing of the Year: Fruta del Norte - Milbank represented the export credit agency and commercial lenders in connection with the senior debt financing of the US $1 billion Fruta del Norte Gold Mine in Ecuador.
- Infrastructure Financing of the Year: Mexico: EVM II - Milbank represented more than a dozen institutional investors and a syndicate of commercial bank lenders in connection with a hybrid 4(a)(2) private placement, term loan and letter of credit facility for an 850 MW greenfield combined cycle natural gas-fired power plant in Mexico called EVM II
- Infrastructure Financing of the Year: Central America: Glenfarne/EnfraGen Fontus Hydro - Milbank advised the lenders in the financing for three run-of-the-river hydroelectric power plants located in the Province of Chiriquí, Republic of Panama, owned by Fontus Spain, S.L.U., which is a subsidiary of US-based industrial owner-operator Glenfarne Group, LLC.
Dan Bartfeld, head of the Milbank’s Global Project, Energy and Infrastructure Finance Group and co-head of the Latin America Practice Group, said: “We are very pleased to once again be recognized by LatinFinance for our work on the region’s most impactful transactions. Milbank has been at the forefront of Latin American project financing and infrastructure deals and we look forward to continuing to solidify our reputation in Latin America as the leading firm in the region on energy and infrastructure transactions.”