We regularly represent all of the various parties involved in projects: sponsors, lenders, borrowers, governments, development and export credit agencies, construction, supply and offtake contractors and financial advisers in advising on non-recourse and limited-recourse bank financings, leasing transactions, private and public capital markets transactions and emerging market transactions with development agencies, export credit agencies and political risk insurers.

We understand the unique commercial and political context of each project and the relationship of political issues with the relevant legal and financing issues. We are particularly sensitive to how that relationship can differ in various countries, including the differences between how projects are viewed in the United States relative to most of the rest of the world.

In recent years, our lawyers have successfully executed the financing of power generation facilities, petrochemical plants, oil and gas pipeline facilities, and numerous other capital-intensive projects.

Our project finance work over the past few years has been characterized by continued activity in the international arena, with a particular focus on infrastructure, oil and gas, petrochemicals, power and telecommunications, as well as a pioneering position in multi-sourced project finance and project bonds.

• Davis Polk has worked on more than 25 “Deals of the Year” in the last 15 years, including most recently:
  
  
  
  • ViaQuatro
    
    
    • “PPP Deal of the Year” – Latin Finance
      
      
    • “Latin American Deal of the Year”  and “Latin American Transport Deal of the Year” – Project Finance
    
    
    
  • Embraport
    
    
    • “Americas Transport Deal of the Year” – Project Finance
      
      
    • “Latin American Transport Deal of the Year” – Project Finance
      
      
    • “Project Finance Deal of the Year” – IFLR Americas and Latin Lawyer
    
    
    
  • Odebrecht
    
    
    • “Latin American Project Bond Deal of the Year” and “Latin American Sponsor of the Year” – Project Finance
      
      
    • “Standout Energy Deal” – Financial Times
    
    
    
  • FertiNitro
    
    
    • “Bond, Petrochemical, and Latin American Project Financing of the Year” – Project Finance

• Our project finance lawyers have been involved in more than 50% of Brazil-originated project financings over the past 11 years.
  
  
  
• 1st tier nationally in Project Finance – U.S. News & World Report Best Law Firms rankings, 2010, 2011.
  
  
  
• Firm recognition in lender and sponsor project finance transactions – Legal 500 U.S. 2012

• Etileno XXI. We have represented a consortium comprising Odebrecht, Technip and Ica Fluor in connection with the $4-5 billion Etileno XXI Project – a petrochemical facility to be located in the state of Veracruz, Mexico. This project represents the largest-ever Brazilian direct investment made in Mexico and a record investment in the country’s petrochemical sector in the last 20 years.
  
  
  
• ViaQuatro. We have advised ViaQuatro, the operator of Line 4 - Yellow of the São Paulo subway, in connection with the $600 million project financing that will link the city center to the west zone. This in the first public-private partnership (PPP) project in São Paulo. This transaction was named:
  
  
  • “PPP Deal of the Year” – Latin Finance
    
    
  • “Latin American Deal of the Year” – Project Finance magazine
    
    
  • “Latin American Transport Deal of the Year” – Project Finance magazine
  
  
  
• Embraport. We advised Embraport and sponsors Odebrecht Transport and Dubai Ports (DP World) on the $1.1 billion project financing for Brazil's largest privately owned port, currently under construction at Santos in the state of São Paulo. The project consists of the design, financing, construction and operation and maintenance of a greenfield mixed-use private port terminal that will be capable of handling containers and liquid bulk with an estimated volume of 1.20 million TEUs of containers and 2.00 million tons of ethanol with 850 vessel dockings per year. This transaction was named, among others:
  
  
  • 2012 “Finance Deal of the Year” – Latin Lawyer
    
    
  • “Project Finance Deal of the Year” – Latin Finance
  
  
  
• Línea Amarilla. We advised Línea Amarilla in connection with a bank/bond project financing in Peru in an overall amount of $885 million ($527 million from financiers and $358 million from guaranteed shareholders’ equity). Línea Amarilla, a wholly owned project finance subsidiary of Invepar, is the Concessionaire of the Vía Parque Rimac toll road in the city of Lima, Peru.
  
  
  
• Odebrecht. We advised Odebrecht on its $1.5 billion Rule 144A/Regulation S offering of 6.35% senior secured notes, the proceeds of which will be used to pay for the construction of two deep sea drill ships with capacity to drill to a maximum depth of 12,000 meters below the seabed off the coast of Brazil. This project bond offering was:
  
  
  • One of the largest project bond issuances ever in Latin America
    
    
  • “Latin American Project Bond Deal of the Year ” – Project Finance magazine
    
    
  • “Latin American Sponsor of the Year” – Project Finance magazine
  
  
  
• FertiNitro. We are advising FertiNitro, a Venezuelan petrochemical joint venture among Petroquímica de Venezuela, Koch Oil, Polar and Snamprogetti, in connection with various expropriatory actions of the Venezuelan government. This transaction was named:
  
  
  • “Bond, Petrochemical, and Latin American Project Financing of the Year” – Project Finance magazine
  
  
  
• Digicel. We advised Digicel, a leading provider of wireless telecommunications services in the Caribbean region, in connection with the refinancing of $523.3 million of existing loans through a combination of "forward-start" commitments and new facilities and the raising of an additional $75 million of new loans provided by a consortium of international and local banks and export credit agencies.