Mizuho Americas Recognized for Ten IJGlobal Deal of the Year Awards

Mizuho Americas is proud to support our clients in recognition of 10 IJGlobal Awards for our involvement in infrastructure finance deals across North America and Latin America in 2023. The IJGlobal Awards recognize outstanding deals that finance essential infrastructure and energy projects. 

“Project finance remains the driving force to financing infrastructure assets in the Americas and around the world,” said Rahul D. Shah, Mizuho Americas’ Head of Project Finance. “We thank our clients for trusting Mizuho on these transactions, and are pleased by our continued leadership as a leading bank in this sector."

Mizuho received the following awards:

Water Deal of the Year, Desalination, Latin America for Codelco Water Supply where Mizuho acted as Financial Advisor to the sponsors, Mandated Lead Arranger, Equity Bridge Lender, Swap Coordinator, Modelling Bank, Offshore Collateral Agent, and Offshore Accounts on a $2.2 billion construction financing to develop Chile’s largest desalination plant for Codelco, the Chilean state-owned firm that accounts for an estimated 10% of the world’s copper production.

Oil & Gas Deal of the Year, Floating Production Storage and Offloading (FPSO), Latin America for FPSO Alexandre de Gusmao where Mizuho acted as Senior Mandated Lead Arranger, NEXI Coordinator, NEXI Covered Facility Agent and Joint Swap Coordinator on a $1.615 billion project financing. The FPSO will have a processing capacity of 180,000 barrels of oil and 423.6 million cubic feet of gas per day.

Oil & Gas Deal of the Year, LNG, Latin America for TC Energia Mexicana where Mizuho acted as Joint Global Coordinator, Joint Lead Arranger, and Bookrunner on a $2.3 billion financing of its natural gas pipeline assets in Mexico. Mizuho was instrumental in syndicating the facility among a diversified group of global banks from the US, Asia, LatAm, Europe, and Canada. TC Energy Mexicana is a pipeline developer and operator that transports 25% of the natural gas consumed in Mexico. 

Oil & Gas Deal of the Year, Midstream, Latin America for Esentia where Mizuho acted as Joint Lead Arranger, Administrative Agent, Depository Agent & Account Bank on a US$1.35 billion loan for the refinancing of three of its operating pipeline assets. The assets are part of a total portfolio of six pipelines forming a one-of-a-kind network connecting the Waha hub, one of the most cost-efficient gas-hubs in Texas, to a large economic hub in Central Mexico.

Digital Infrastructure Deal of the Year, Data Centers, Latin America for Ascenty where Mizuho acted as Joint Lead Arranger and Bookrunner on an $825 million loan, syndicated across 12 banks from different regions (US/Canada, Europe, and LatAm). The financing provides liquidity that furthers expansion plans for Ascenty, a leading provider of telecommunication services in Latin America. 

Transport Deal of the Year, Roads, North America for Puerto Rico Toll Road Monetization where Mizuho acted as Mandated Lead Arranger and Admin Agent on a $1.7 million acquisition of a 40-year concession with the government of Puerto Rico to operate four toll roads on the island. The concession is the largest toll road privatization process carried out in Puerto Rico and aims to improve the efficiency and safety of the island’s toll roads by utilizing a private toll road operator’s expertise. 

Oil & Gas Deal of the Year, LNG, North America for Rio Grande LNG where Mizuho acted as Coordinating Lead Arranger, Joint Bookrunner, Syndication Agent, Documentation Agent, Global Coordinator, and P1 Collateral Agent on Rio Grande LNG’s $18.4 billion financing. The transaction represents the largest greenfield energy project financing in U.S. history. Once completed, the Rio Grande LNG project will be the largest privately funded infrastructure project in Texas.

Oil & Gas Deal of the Year, Other for Terminal Quamica Puerto Mexico (TQPM) where Mizuho acted as Joint Lead Arranger for $440 million senior secured debt financing for the construction of the ethane terminal project. 

Renewable Energy Deal of the Year, NCRE and Refinance Deal of the Year for the AES Warehouse Facility financing where Mizuho acted as Joint Lead Arranger across 20 other international project finance banks. It is the largest warehouse financing structure closed to date for US renewable projects.

For the full article, please visit here.