DLA Piper awarded Latin Lawyer’s 2023 “Deal of the Year†in two categories
DLA Piper has received two Latin Lawyer’s 2023 “Deal of the Year†awards in the categories of Project Finance: Energy and Natural Resources and Restructuring. The awards were announced at Latin Lawyer’s 17th annual Deal of the Year ceremony on May 11.
The firm was recognized in the Project Finance: Energy and Natural Resources category for its representation of Innergex Renewable Energy Inc. in the US$803.1 million refinancing of its portfolio of assets in Chile. This transaction has been previously recognized by B2B market intelligence provider Proximo as the 2022 Latin America Bond Deal of the Year, by Project Finance International as Americas Power Deal of the Year 2022 and by IJ Global Americas Award as Deal of the Year Refinance – Portfolio – Latin America 2022, among other several awards.
The team that represented Innergex included partners Mauricio Halpern and Marco Salgado (Chile) and Margarita Oliva Sainz de Aja and Christopher Paci (New York).
DLA Piper was recognized in the Restructuring category for the advice provided in the exit financing of LATAM Airlines from Chapter 11 of the Bankruptcy Code at the US Bankruptcy Court for the Southern District of New York.
DLA Piper advised JP Morgan and Goldman Sachs in the execution of the Amended and Restated Super-Priority Debtor-in-Possession Term Loan Agreement with LATAM Airlines Group S.A. and other group entities. Under the A&R DIP Financing, refinancing of up to US$3.7 billion was made available to LATAM in two tranches, A and C, with JPMorgan and other lenders providing Tranche A for up to US$2.05 billion.
