Milbank Recognized with Three TXF 2024 Export Finance ‘Perfect 10 Deal of the Year’ Awards

Milbank LLP has been recognized by the TXF Export Finance “Perfect 10 Deal of the Year” 2024 awards program for three notable transactions. TXF honors the most innovative and market-influencing work across a range of industries and regions.

Milbank is recognized in the following categories:

Manufacturing Export Finance Deal of the Year. Milbank advised several international financial institutions in connection with the US$1.35 billion financing for the development and construction of an electric vehicle (EV) manufacturing plant by the Hyundai Motor Group. The financing is a green loan adhering to LMA Green Loan Principles and marks Hyundai Motor Group’s first EV manufacturing plant in the United States. The Milbank team was led by partner David Gartside in Seoul and included associates Anthony Scott and Joseph Hansik Ha.

Latin America Export Finance Deal of the Year. Milbank advised a consortium of export credit agencies and international lenders in connection with the project financing for the $4.5 billion expansion of the Centinela copper mine in Chile. The Milbank team was led by partner Alec Borisoff in New York and included special counsel Fernando Capellão and associates Anya Andreeva-Quirk, Johann Sarna and Eliza Schmitt, with support from David Gartside and associate Anthony Scott. Additional support for environmental matters was provided by partner Matt Ahrens and special counsel Tom Goslin.

Untied Export Finance Deal of the Year. Milbank advised the lenders in connection with a US$1 billion equivalent green SACE push covered financing. The loan was provided to finance Reliance Industries Limited’s capital expenditure in relation to certain eligible green projects in various industries, ranging from solar cells manufacturing facilities to green hydrogen production. The Milbank team was led by London partner Munib Hussain and included associates Yi Ming Chan, Chrisangelina Lo and Chris Esposito.