Global law firm White & Case LLP was honored with three 2023 Deals of the Year awards at this year's LatinFinance Capital Markets Dinner, held on January 25 in New York City. The awards, now in their ninth year, recognize "stand-out transactions and institutions in the capital markets of Latin America and the Caribbean."
The Firm's winning matters are:
Structured Financing of the Year – Chile Electricity Lux MPC $1.1 billion financing
Advising Chile Electricity Lux MPC, a group of leading renewable power generators in Chile, on a US$1.1 billion financing in which the group negotiated and closed purchase and sale facilities and sold certain receivables created under the country's Law No. 21,472. IDB Invest acted as purchaser of record, and the purchase price was financed pursuant to an A/B bond in an aggregate amount of up to US$1.8 billion.
Corporate High-Grade Bond of the Year – JBS $2.5 billion dual tranche bonds
Advising JBS, the world's largest meat processing company, in their US$2.5 billion issuance of senior unsecured dual tranche bonds. The notes consist of US$1.6 billion in 6.75% senior notes due in 2034, and US$900 million in 7.25% senior notes due in 2053. The notes were offered under Rule 144A/Regulation S of the Securities Act of 1933.
Loan of the Year – TC Energy $2.3 billion loan
Advising TC Energy, a Calgary-based energy company, on a $2.3 billion senior term loan and revolving credit facility to its Mexican subsidiary, TC Energy de México.
Christian Hansen, partner and head of the Latin America Practice Group, said: "We're so pleased to be recognized by LatinFinance for these three matters. They were all complex in their own way, and all drew on White & Case's market-leading expertise in cross-border transactions, as well as on individuals across our offices in Latin America and the US. As ever, we're grateful to our clients for the chance to work on such high-profile matters and to show our commitment to the region."