LatinFinance Honors White & Case with Three

LatinFinance Honors White & Case with Three "Deals of the Year" Awards

LatinFinance magazine named three transactions on which White & Case advised among its "Deals of the Year" in its 2018 LatinFinance Deals of the Year Awards, presented January 31.

The Deals of the Year Awards "recognize this year's top transactions and success stories from Latin America and the Caribbean," according to LatinFinance. The winning deals on which White & Case advised were:

Restructuring of the Year: Oi S.A.
White & Case acted as global counsel for Oi S.A., one of Brazil's largest integrated telecommunications enterprises, in restructuring nearly US$20 billion in debt governed by a variety of Brazilian, US, English and Portuguese laws—the largest bankruptcy ever in Latin America.

Financing Innovation of the Year: Centrais Elétricas de Sergipe S.A.
White & Case represented Goldman Sachs & Co. LLC, Inter-American Investment Corp., International Finance Corp. and Swiss Export Risk Insurance on the structuring of the financing for the design, construction and operation of Centrais Elétricas de Sergipe S.A. (CELSE), the project company's 1,516 MW thermoelectric power plant and related liquefied natural gas (LNG) receiving and gas transportation infrastructure in Brazil. At approximately BRL 5 billion (US$1.8 billion), it was the largest LNG-to-power financing in Latin America to date.

Syndicated Loan of the Year: Petrobras
White & Case represented Petroleo Brasileiro S.A.-Petrobras (Petrobras) and its subsidiary Petrobras Global Trading B.V. (PGT) on a US$4.35 billion revolving credit facility provided by a syndicate of seventeen international banks to PGT and guaranteed by Petrobras. BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank and Mizuho Bank, Ltd. were the joint bookrunners and joint lead arrangers.

These awards reinforce the continued strength of our platform in Latin America and our remarkable transactions during the year.