Sullivan & Cromwell has an unbeatable track record for executing challenging project financings in Latin America regardless of industry or scale. The Firm‘s long-standing experience is complemented with state-of-art familiarity with the financing markets and includes important experience on joint venture arrangements and foreign investment agreements.
S&C is active in:
The Firm has a long history of groundbreaking transactions in the region. In 1988, it acted for the sponsors on the Escondida copper project in Chile—the precedent for today’s limited-recourse financings and the region’s first post-1980s debt crisis major mining project financing. Ever since, S&C has represented sponsors or lenders from Latin America, Asia, Europe and North America in many of the region’s milestone projects in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru and Venezuela.
Indeed, the Firm has acted as counsel to the sponsors or project in virtually every major mining project in Latin America. S&C’s work includes energy milestones in every major oil-producing country in the region.
As a result, the Firm has remained the leading sponsor/borrower firm for project financings in Latin America for two decades.
Recent Sullivan & Cromwell project finance experience includes working on projects such as:
Marcobre’s owners, the Sponsors of the Project, previously announced the sale of a 40 percent stake in Cumbres Andinas S.A.C., Minsur S.A.’s subsidiary that owns Marcobre and the Mina Justa copper project, to Alxar Internacional SpA, a subsidiary of Empresas Copec S.A., in a transaction valued at $200 million.
The project was the largest mining project to close in Latin America in 2013. It was awarded “Latin American Mining & Metals Deal of the Year” by Project Finance and “Deal of the Year—Mining” by Infrastructure Journal.
The financing—in which the Japan Bank for International Cooperation participated, along with a group of four Japanese commercial banks—was one of the largest mining projects to close in Latin America in 2012.
The deal was honored with Mining Journal’s 2010 “Exploration and Development Funding Award” and as Project Finance’s 2010 “Latin America Mining Deal of the Year.”
This deal was honored as Project Finance’s “2009 Latin American Mining & Metals Deal of the Year” and Project Finance International’s “2009 Americas Mining Deal of the Year,” and it was profiled by The Wall Street Journal.
This deal was Latin Lawyer’s “Restructuring Deal of the Year 2008.”
Latin Lawyer named this deal the “Project Finance Deal of the Year 2007.”
This project introduced to the market an innovative type of completion test. Latin Lawyer named it the “Project Finance Deal of the Year 2005” and Project Finance named it the “Latin American Mining Deal of the Year 2005.”
This was Ex-Im’s first mining deal since 1997 and the largest foreign investment project and first project financing in Argentina since the default. Project Finance named this deal the “Latin American Mining Deal of the Year,” Project Finance International named it the “Americas Mining Deal of the Year” and Global Trade Report named it among the “Best Deals of 2004.”
This deal was one of the most significant capital investment programs in Peru’s history and Peru’s largest gas project. Project Finance awarded it the “Latin American Oil & Gas Deal of the Year 2004.”
Project Finance named it the “Latin American Oil & Gas Deal of the Year 2003.”
Project Finance named this deal the “Latin American Mining Deal of the Year 2002.”
This deal was the first major infrastructure project financing to be completed in Ecuador and the first externally financed pipeline in Ecuador. Institutional Investor named it one of the “Project Finance Deals of the Year”, Latin Finance named it the “Project Finance Deal of the Year,” and Project Finance International named it the “Americas Oil & Gas Deal of the Year.”
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