Milbank LLP is pleased to announce that the firm was recognized as “Debt Capital Markets Legal Advisor of the Year” by the 2022 Bonds & Loans Latin America & Caribbean Awards. Winners will be honored at the annual Bonds & Loans Latin America & Caribbean conference on November 30 in Miami, Florida.
The Awards recognize innovative and groundbreaking deals since 2015. Transactions are selected by deal size, tenor, structure, and distribution, as well as analysis and background of the borrower and their accessibility to financing. The Awards also recognize deals that demonstrate high quality execution, accessing new pools of liquidity, innovative structuring, and entry into new markets.
“We’re honored to be recognized for our team’s outstanding work in the Latin America region”, said Marcelo Mottesi, Chair of the firm’s Global Capital Markets Group and co-head of Milbank’s Latin America Practice Group. “This award is a testament to the landmark matters and successful results our team continues to deliver.”
Milbank also advised on award winning transactions in the following categories:
- High Yield Corporate Bond Deal of the Year – Comcel: Advised the underwriters in connection with the $900 million offering by Comunicaciones Celulares, S.A., the largest telecommunications operator in Guatemala. The offering was made using a back-to-back structure and the notes were issued by a Cayman Trust that purchased a 100% participation in a loan extended by JP Morgan.
- Corporate Restructuring Deal of the Year – Cinépolis: Advised the Ad Hoc Committee of Lenders in the restructuring by Cinépolis, Mexico’s biggest movie theater operator, of $1.35 billion of syndicated and bilateral loans.
- Leveraged Finance Deal of the Year – Mubadala Capital: Advised a syndicate of banks in the largest 144A Project Bond offering in Brazil’s history, sponsored by Mubadala Capital, in the acquisition of the Refinaria Landulpho Alves from Petrobras.
- Acquisition Finance Deal of the Year – Ecopetrol: Advised the lenders in connection with the financing for Ecopetrol’s acquisition of a 51.4% stake in Interconexión Eléctrica (ISA) from the Ministry of Finance and Public Credit of Colombia.
- Project Finance Deal of the Year – Tocumen: 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 the concurrent tender offers and consent solicitation.
Milbank’s Latin America practice seamlessly supports clients in a variety of corporate/M&A transactions, project and structured financings, and capital markets matters. With immense knowledge of the region’s business environment, laws and regulations, the Latin America team has handled some of the most prominent and high-profile transactions in the region.
Additional information on the awards ceremony is available here.
