Shearman And Sterling

News October 20, 2022

Shearman & Sterling Advises on Five Winning Bonds & Loans Latin America & Caribbean Awards Transactions

Shearman & Sterling advised on won five winning Bonds & Loans Latin America & Caribbean Awards transactions:

  • Project Finance Deal of the Year: Tocumen's $1.855 Billion Senior Secured Notes Offering, Tender Offer and Consent Solicitation - Tocumen used the proceeds of this note offering to refinance existing bond and bank indebtedness and to fund the reserve and debt service payment accounts. The remainder was transferred to a COVID-19 recovery account to cover deficits in its ability to pay operations and maintenance expenses or to service the notes. | Lead attorney: Manuel A. Orillac
  • ESG Bond Deal of the Year: CBC's Offering of Senior Guaranteed Sustainability-Linked Notes - The Central America Bottling Corporation (CBC), CBC Bottling Holdco, S.L. and Beliv Holdco S.L. used the proceeds from the notes offering to purchase the 2027 notes tendered pursuant to the Tender Offer (and pay related expenses thereunder), to redeem any 2027 notes not tendered, to refinance other existing indebtedness and for general corporate purposes, including potential acquisitions. | Lead attorney: Manuel A. Orillac

The Bonds & Loans Latin America & Caribbean Awards recognize the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers. The exhaustive selection process involves close examination of deal size, tenor, structure, and distribution; analysis and background of the borrower and their accessibility to financing; with extra credit for deals demonstrating high quality execution, accessing new pools of liquidity, innovative structuring, and opening-up new markets.

View the 2022 Bonds & Loans Latin America & Caribbean Awards Winners

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