Export, trade and commodity finance information service TFX named two transactions on which White & Case advised among its "Perfect 10 Deals of the Year" in Export Finance for 2019. One of the honored transactions—the Yunlin Offshore Wind Project Financing—was named Overall Deal of the Year.
The winning deals for White & Case are:
Overall ECA-backed Deal of the Year Award: Yunlin Offshore Wind Project Financing
White & Case won the "Overall ECA-backed Deal of the Year Award" for its work on the 640 MW Yunlin offshore wind project financing. TFX lauded the transaction as "a deal template for Taiwanese large-scale offshore wind projects, helping a nascent sector enter project finance adolescence."
Asia-Pacific ECA-backed Deal of the Year Award: Financing of the US$15.3 billion RAPID Project
White & Case won the "Asia-Pacific ECA-backed Deal of the Year Award" for its work on the project financing for Saudi Aramco and Petronas's US$15.3 billion Refinery and Petrochemical Integrated Development (RAPID) project in Malaysia. The transaction, which was backed by six export credit agencies and 23 commercial banks, was commended by TFX for setting "a new benchmark in complexity."
"Asia is emerging as a key player in global export finance and the recognition of our work in these complex and groundbreaking transactions reaffirms White & Case's position as a leader in energy and infrastructure financing in Asia-Pacific and globally," said Brendan Quinn, White & Case Head of Project Development and Finance in the Asia-Pacific region.
TXF's "Perfect 10 Deals of the Year" recognizes excellence and innovation in commodity, trade, project and export finance in the past year.