Allen & Overy involved in numerous 2023 project & infrastructure finance awards by LatinFinance
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Based in New York, São Paulo, Washington, D.C. and London, A&O’s Latin America team specializes in a broad range of financial matters, including leveraged finance, project finance, trade and export finance, banking, corporate/M&A, capital markets and international dispute resolution.
LatinFinance recognized the following deals:
Renewable Energy Financing of the Year: Mendubim Renewables Financing
A&O advised Hydro REIN, Equinor and Scatec ASA on the financing an approximately 531 MW photovoltaic solar farm located in Brazil. This project includes a 6-km transmission line and associated interconnection facilities through a project financing structure and will be the largest and longest USD financing for a renewable project in Brazil.
Infrastructure Financing of the Year: Southern Cone: PTI's WOM acquisition financing
A&O advised WOM S.A.’s (“WOM”) USD930 million sale of 3,800 communications tower facilities to Phoenix Tower International (“PTI”), through its local Chilean subsidiary. This transaction will make PTI the largest communications tower owner in Chile as well as expand their global network to more than 22,000 towers across 19 countries. The towers will also be critical to mobile carriers’ deployment of 5G networks in Chile.
The A&O deal team was led by U.S. corporate partner Paul Burns, London partner and co-head of the firm’s global TMT practice, Tom Levine and London corporate partner, Andrew Kenning. Additional support was provided by New York associate Ashby Hardesty.
Infrastructure Financing of the Year: Central America: Liberty Costa Rica Financing
A&O advised IDB Invest on a USD450m financing package to Liberty Costa Rica to improve digital access and infrastructure across the Central American country. The proceeds of the transaction will be used to finance investments in fiber-to-the-home, increase capabilities and speeds of the HFC network, capital expenditures related to 4G/5G infrastructure, refinance certain financial obligations, working capital, and general corporate purposes.
The A&O deal team was led by Washington, D.C. based partner Sami Mir, and New York based partners Todd Koretzky and David Flechner. Additional support was provided by New York associates Sagarika Sridhar, Catalina Beccar Varela and Daniel Resnick, and São Paulo based associate David Birch.
“We are honored to be part of these award-winning transactions that have been recognized by our peers as innovative and significant to the Latin American region,” said Dorina Yessios, Head of the Latin America practice of Allen & Overy. “We are extremely proud of our role in helping our clients find unique solutions that further develop and progress the energy transition in Latin America. We sincerely thank our clients for trusting us, time and time again, on these types of complex transactions.”
The LatinFinance Deals of the Year Awards are the leading marker of excellence for transactions in the capital markets in Latin America and the Caribbean. Selected by LatinFinance editors, the Deals of the Year Awards recognize top transactions based on their market significance, strategic importance, structural complexity, and execution.