White & Case Acts on Three Latin Lawyer Deals of the Year 2011
White & Case acted on three deals of the six deals that were awarded "Deals of the Year 2011" by Latin Lawyer magazine.
"2011 Corporate Finance Deal of the Year" was awarded to the US$2.6 billion capital markets bond issuance for OGX Petróleo e Gás Participaçöes S.A., a publicly-held Brazilian oil and gas exploration and production company. White & Case represented J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Itaú BBA USA Securities, Inc., Barclays Capital Inc. and Nomura Securities, International, Inc. as managers of the issuance. The deal was also selected as "Best Corporate High-Yield Bond Deal of the Year 2011" by Latin Finance.
"2011 Dispute of the Year" was awarded to the resolution of the new Quito International Airport dispute. White & Case represented concessionaire Corporación Quiport, SA and sponsors and investors including Aecon Group Inc. (Canada), Andrade Gutierrez SA (Brazil), Airport Development Corporation (Canada) and HAS Development Corporation (an affiliate of the Houston Airport System) in the successful restructuring of the US$650 million Quito International Airport Project in Ecuador and resolution of related contract and treaty disputes, after 18 months of negotiations on legal, commercial and financial terms and corresponding investment protections. The dispute had arisen after the Constitutional Court of Ecuador ruled in 2009 that the private airport tariffs that were a source of the project's financing were state property.
"2011 Project Finance Deal of the Year" was awarded to the Embraport project finance transaction in Brazil. White & Case represented Caixa Econômica Federal as a senior lender in its provision of a US$335 million loan to Embraport Empresa Brasileira de Terminais Portuários S.A. for the construction and operation of a greenfield mixed-use port terminal to be located in the Port of Santos, Brazil. The total project cost is US$1.1 billion. The deal was also selected as "2011 Americas Transport Deal of the Year" by Project Finance International magazine, as "2011 Latin American Transport Deal of the Year" by Project Finance magazine and as a "Project Finance Deal of the Year" by International Financial Law Review.