Norton Rose Fulbright advises on five ‘Deals of the Year’ awarded by 2024 Global Banking and Markets Awards for Latin America

Norton Rose Fulbright has been recognized for its work on five “Deals of the Year” by the 2024 Global Banking and Markets Awards for Latin America. Partners at Norton Rose Fulbright’s São Paulo office led teams that advised on all five deals listed below.

Restructuring Deal of the Year

A cross-border team led by Michael McCourt with Charles Johnson, Fernando Almeida, Cameron Royse (São Paulo), Eric Daucher, Scott Saks and Frank Vazquez (New York) advised Vale in relation to Samarco Mineração’s US$4.8 billion debt restructuring.

Project Bond Deal of the Year

A cross-border team led by Daniel Spencer (São Paulo), Peter Young (London), Ben Rose (Singapore), Omar Salah and Floortje Nagelkerke (Amsterdam) with wider teams in these offices and New York advised Yinson Production in connection with its issue of US$1.035 billion in senior secured bonds due 2042 to refinance the FPSO Anna Nery.

DFI Loan Deal of the Year

A team led Michael McCourt with Cameron Royse and Arthur dos Santos (São Paulo) advised Banco Nacional de Panamá on a US$510 million MIGA-backed loan arranged by JP Morgan, HSBC and Standard Chartered with proceeds to be used to provide mortgages to lower income households and for MSME lending in Panama.

Trade Finance Deal of the Year

A team led by Charles Johnson with Cameron Royse and Arthur dos Santos (São Paulo) advised Sumitomo Mitsui Banking Corporation as sole lead arranger in relation to a US$500 million syndicated supply chain financing program for Peruvian company Alicorp S.A.A.

Export Finance Deal of the Year

A team led by José Cobeña with Arthur dos Santos (São Paulo) advised Crédit Agricole Corporate and Investment Bank and JPMorgan Chase Bank, N.A. as arrangers of a US$219 million credit agreement for the repowering and modernization of the Malpaso hydroelectric power plant, which was guaranteed by OeKB.

Winners were selected through a process that included a review of the deal size, tenor, structure and distribution, as well as an analysis and background of the borrower and additional factors. An emphasis was placed on deals that demonstrated a high quality execution, accessed new pools of liquidity, opened up new markets and had innovative structuring.

The honorees will be celebrated at an awards ceremony on December 10 in Miami.