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04 February 2019 / news

Loyens & Loeff wins another Deal of the Year award

Loyens & Loeff Luxembourg won the LatinFinance Financing Innovation of the Year Award for advising on the CELSE USD 1 billion project financing/bond transaction.

Awards

Loyens & Loeff Luxembourg was awarded ‘Financing Innovation of the Year’ by The LatinFinance for their advice on the CELSE USD 1 billion project financing/bond transaction. LatinFinance recognises the best deals of the past twelve months in a field critical to Latin America’s economic progress.

The CELSE transaction was the only deal that was recognised in both the Project & Infrastructure Finance Awards (Best Bond Deal’ and ‘Best Infrastructure Financing – Brazil) and the Deals of The Year Awards this year, which speaks to the truly innovative nature of this transaction.

The Loyens & Loeff team advised Goldman Sachs & Co. as sole bookrunner, with the issuance of R$ 3,201,500,000 9.850% senior secured notes due 2032 through a Luxembourg SPV issuer, the proceeds of which, have been used to purchase debentures issued by Centrais Elétricas de Sergipe S.A. in connection with the financing of the Porto de Sergipe I Thermoelectric Complex located in Barra dos Coqueiros in the State of Sergipe, Brazil which will be Latin America's largest gas-fired power generation project. Our team also assisted with the listing and admission to trading of the notes on the Luxembourg Stock Exchange’s Euro MTF market.

These recognitions should be of great pride for the entire Loyens & Loeff team which comprised Cédric Raffoul for capital markets, Peter Adriaansen and Willem Bon for the tax aspects, Thierry Lohest and Luis Alberto Aguerre Enriquez on the corporate/M&A advice.