Milbank LLP was recognized for its work on two “Deal of the Year” winners at the Latin Lawyer Awards ceremony, held on May 9, 2024, in São Paulo. Latin Lawyer is a leading source of news, analysis and research for the regional legal community.
“We are honored to work with such a dynamic, innovative client leading the way in building transformative infrastructure throughout Latin America,” said Roland Estevez, a partner in the firm’s Project, Energy and Infrastructure Finance Group in New York. “This recognition is a tribute to our team’s dedication and our clients’ commitment to the future.”
Milbank was honored in the following categories:
- Project Finance: Infrastructure – Milbank advised Aguas Pacifico SpA and Acueducto San Isidro Quilapilún SpA, each as borrowers, and their shareholder, Aguas Pacifico Holding SpA, on the $883 million financing of two projects: the Aconcagua desalination plant and the San Isidro Quilapilún aqueduct in the Valparaiso and Metropolitana regions of Chile.
- Banking and Finance – Milbank advised Brazilian fintech StoneCo in securing a $467 million credit facility from the United States International Development Finance Corporation. StoneCo will use the funds to support women-led or women-majority micro, small and medium-sized enterprises (MSMEs) in Brazil’s north and northeastern regions, which are among the poorest in the country.
"We are proud to have been in a lead role in the StoneCo transaction,” said Tobias Stirnberg, a partner in Milbank’s São Paulo office who advises clients in the areas of capital markets, M&A, financing transactions, project finance, restructuring and corporate governance. “It is an innovative structure that uses US dollar funding for a local securitization structure."
Milbank has been the most active international law firm advising on cross-border debt capital markets transactions by Brazilian issuers in 2024. The firm advised the issuers or initial purchasers in six of the 12 international corporate bond offerings by Brazilian issuers priced through early April 2024, for a total of $3.7 billion.
