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Latin Finance recognizes two deals for Jones Day clients at annual "Project & Infrastructure Finance Awards"

October 2017

Jones Day advised on two deals recognized at the Latin Finance Annual Project & Infrastructure Finance Awards 2017, including Best Airport Financing (region-wide) & Best Transport Financing (region-wide) as well as Best Infrastructure Financing (Central America).

Best Airport Financing and Best Transport Financing Award

Jones Day advised the Mexico City Airport Trust (NAICM) through Grupo Aeroportuario de la Ciudad de Mexico, on Mexican law matters to execute an initial two tranche 10 and 30 year 144A and Regulation S bond offering for $2 billion. This initial offering represents the biggest initial offering in the history for an airport transaction, and has obtained a rating of Baa1, BBB+, BBB+ (Moody's, S&P, Fitch), and GB1 by Moody's for a sustainable transaction. This is the first offering that has obtained the highest grade for a Green Bond in Latin America.

Jones Day has carried out a number of award winning deals for the Mexico City Airport Trust as the project continues to successfully develop as Latin America's largest infrastructure project. The Mexico City-based Jones Day team advising on the project included partner Alberto de la Parra (Projects & Infrastructure) and associates Arturo de la Parra and Regina Fajardo (Banking & Finance). The team also included partner Mauricio Llamas (Government Regulation) on environmental matters.

Best Infrastructure Financing: Central America

Jones Day represented Autopistas del Sol, S.A. ("Autopistas del Sol") in connection with a Rule 144A and Regulation S offering by Autopistas del Sol of $300 million aggregate principal amount of 7.375% senior secured notes due 2030. Concurrently with the Rule 144A and Regulation S offering, Autopistas del Sol offered $50.75 million in aggregate principal amount of 6.80% of senior secured notes due 2027 to certain investors in Costa Rica pursuant to a separate Costa Rican prospectus in a public offering approved by Costa Rica's General Superintendency of Securities.

This transaction represents the first concurrent local and international bond issuance in Costa Rica and one of the largest Central American project bonds in recent history and showcases the depth of our Latin American capital markets and project finance practices and ability to innovate in response to market developments and our clients' needs.

The Jones Day team was led by Marie Elena Angulo (Capital Markets - Miami), Richard Puttré (Projects & Infrastructure - Miami) and Javier Lopez Anton (Banking & Finance - Madrid), and included Gabriel A. de Corral (Capital Markets - Miami), Michael R. Butowsky (Banking & Finance - New York), Kent L. Killelea (TaxWashington, D.C.), Paul C. Kuo (Capital Markets - Singapore) Sylvia H. Koh (Banking & Finance - Singapore), Eric Maki (Capital Markets - New York), and Andrea Ostolaza (Non U.S. Legal Intern - Miami).

Jones Day is a global law firm with more than 2,500 lawyers in 43 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.