Paul Hastings Wins Four “Deal of the Year” Awards at the Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards 2023
October 26, 2023
Paul Hastings LLP received four “Deal of the Year” awards at Bonds & Loans’ Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards 2023. The firm was recognized in the following categories:
Leveraged Finance Deal of the Year – Aligned Data Centers International, LP
Paul Hastings advised SMBC, MUFG, Deutsche Bank, Nomura, BNP Paribas, Societe Generale, Credit Agricole, and Natixis, as lenders, in a US$1.225 billion term loan and delayed draw loan facility to finance Aligned Data Centers’ acquisition of ODATA, a data center service provider offering scalable, reliable, and flexible IT infrastructure in Latin America, from Patria Investments. The deal involved multiple jurisdictions throughout Latin America, including Brazil, Chile, Columbia, Mexico, Peru, and Uruguay.
M&A Deal of the Year – Aela Generacion S.A.
Paul Hastings advised the note purchasers and letter of credit providers in Innergex Renewable Energy’s US$803.1 million financing. The financing consisted of a US$710 million issuance of green bonds maturing in 2036 and a US$93.1 million letter of credit facility. The deal is among the largest private placements in Latin America in recent history. In addition to refinancing the portfolio’s debt, the financing provides capital for the construction of Innergex’s first battery energy storage project in Chile.
PEN Deal of the Year – Republic of Peru
Paul Hastings LLP advised the Republic of Peru in connection with its offers to purchase for cash and / or to exchange certain of Peru’s outstanding Sol-Denominated sovereign bonds for a new series of Sol-Denominated sovereign bonds; separate offers to purchase certain of Peru’s outstanding US-Dollar Denominated global bonds; and the concurrent issuance of an aggregate principal amount of US$2.5 billion “new money” 7.300% Sol-Denominated sovereign bonds due 2033. Together with the bonds issued pursuant to the exchange, Peru issued the equivalent of US$4.4 billion aggregate principal amount of 7.300% Sol-Denominated sovereign bonds due 2033 in the offerings.
Project Finance Deal of the Year – Lima Airport Partners, S.R.L. (“LAP”)
Paul Hastings advised Lima Airport Partners (LAP) in the approximately US$1.8 billion expansion of the Jorge Chavez International Airport in Lima, one of the largest financings in Latin America in recent years. Paul Hastings also advised LAP and its sponsors on the US$450 million bridge financing for the project in September 2020. LAP was also named Project Sponsor of the Year, congratulations to the team!
The annual Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards recognize the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers.