Proximo, an energy and infrastructure market intelligence company, has honored global law firm White & Case LLP with four Latin America Deals of the Year 2023. The winning deals are:
Transport: Condor II
White & Case represented InfraBridge, formerly AMP Capital, on the acquisition of three new electric bus-leasing businesses in Santiago, Chile and on the related incremental term loan and DSRA LC facilities of approximately US$187 million. The proceeds will finance the purchase of the bus fleets and their related accessories and charging infrastructure, which will be used for the city's public transportation. Sumitomo Mitsui Banking Corporation, Société Générale and BNP Paribas provided the financing.
Wind: Feijão I & II
White & Case represented a syndicate of leading international banks on the US$700 million non-recourse financing of Project Feijão, a 456 MW wind project in Brazil being developed by Macquarie Asset Management's Green Investment Group and Hydro Rein, Norsk Hydro's dedicated company for renewables development. The project will supply 100 percent of the electricity required for Hydro's bauxite mine, Paragominas, and further reduce carbon emissions from Hydro's alumina refinery, Alunorte.
Solar: Solek PMGD Portfolio
White & Case represented solar power developer Solek Holding and certain of its subsidiaries on a senior secured credit facility whose proceeds will be used to develop a portfolio of photovoltaic plants in Chile. The development falls under the country's "PMGD" regime, whose aim is to incentivize distributed electricity generation in Chile and to meet the country's goal of carbon neutrality by 2050. The portfolio will initially include four PMGD projects, and the financing structure provides the flexibility to add additional projects over time.
Refinancing: TAG Gas Pipeline
White & Case represented Crédit Agricole Corporate and Investment Bank, as mandated lead arranger and bookrunner, in Transportadora Associada de Gás S.A.'s (TAG) permitted refinancing of its US$2 billion acquisition financing. TAG designs, plans, constructs and operates natural gas pipelines and extensions in Brazil.
Christian Hansen, partner and head of the Latin America Practice Group, said, "We're delighted to be recognized again by Proximo for the work we’re doing in the Latin American energy, infrastructure and projects space. It's an incredibly dynamic sector, and it is an honor for White & Case to be able to work on such cutting-edge matters on behalf of our clients."
