Shearman And Sterling

News March 31, 2014

Shearman & Sterling Wins “Project Finance Deal of the Year” at IFLR Americas Awards

Shearman & Sterling won the “Project Finance Deal of the Year” at the recent IFLR Americas Awards in New York for its work on the Eten project bond.

Project Development & Finance partner Robert Freedman led a team of lawyers in the firm’s New York office in representing Corporación Andina de Fomento (CAF) in its partial credit guarantee of project bonds issued by Planta de Reserva Fria de Generacion de Eten S.A. related to a power project development in Peru. The transaction is very unique for its combination of project bonds and agency-related components working together, as well as being the first project bond financing for a Latin American construction project.

The firm was also shortlisted in the categories of “Equity Deal of the Year,” “M&A Deal of the Year,” Private Equity Deal of the Year,” “Financial Regulation Team of the Year,” Private Equity Team of the Year,” and “Structured Finance and Securitisation Team of the Year.”