White & Case Wins Six Americas “Deal of the Year” Awards at IJGlobal’s Annual Ceremony
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IJGlobal, an infrastructure and energy online news and data service, has honored global law firm White & Case LLP for its hard work advising on the below transactions in the Americas that won "Deal of the Year" at the annual IJGlobal Awards 2022.
Chris Richardson, Head of the Energy, Infrastructure, Project and Asset Finance Regional section for the Americas stated, "We are thankful that IJGlobal has chosen to recognize the achievements of our Americas focused team who worked on so many ground-breaking and precedent setting transactions in the market. We appreciate the honor and are confident that it is a true reflection of the hard work and dedication our team puts into staying on top and ahead of the curve."
- Power Deal of the Year: Trumbull Energy Center, Ohio
White & Case advised Clean Energy Future-Trumbull, LLC and its affiliated entities on financing the construction of an approximately 950 MW natural gas-fired electric combined-cycle power generation facility located in the Village of Lordstown, Trumbull County, Ohio for approximately US$1.3 billion. The Firm also advised on the negotiation and execution of a five-year revenue put option.
- Refinance Deal of the Year – Oil & Gas: Açu Petróleo Refinance, Brazil
White & Case advised Goldman Sachs & Co. LLC, as global coordinator, initial purchaser and joint bookrunner, and other joint bookrunners, on Açu Petróleo's US$600 million 7.50% senior secured notes due 2035. Açu Petróleo owns the largest, by capacity, and only privately owned oil export terminal in Brazil. The company provides oil transshipment services to some of the world’s largest oil multinationals.
- Transport Deal of the Year: São Paulo Metro Line 6, Brazil
White & Case advised the senior lenders, comprised of Brazil’s National Bank for Economic and Social Development and a syndicate of ten commercial banks and development banks, on the non-recourse financing for the US$3 billion (R$17 billion) São Paulo Metro Line 6 project in Brazil. This is the largest PPP project currently under construction in Latin America, and the first international limited recourse financing for a PPP project in Brazil.
- Transport Deal of the Year – Airports: JFK Terminal 6 Redevelopment, New York
White & Case advised a group of 13 commercial banks on the non-recourse senior secured financing of the US$4.2 billion redevelopment of Terminals 6 and 7 at JFK International Airport. The redevelopment is the final piece of the JFK Vision Plan to modernize the US’ largest international gateway airport.
- Refinance Deal of the Year – Transport: Rumichaca-Pasto 4G, Colombia
White & Case advised IDB Invest, as anchor investor, on the US$262 million-equivalent social bonds issued by the concessionaire of the Rumichaca-Pasto 4G project, an 83-km highway located in the Department of Nariño near the border between Colombia and Ecuador.
- Refinance Deal of the Year – Transport: I-95 PABs Refinance, Virginia
White & Case advised Transurban USA Inc. in the consolidated refinancing of three series of Private Activity Bonds (PABs) issued in connection with the development of the I-95 managed lanes project in Virginia.