Construction Legal Services

Legal Services

Milbank

Industry: Construction

Full Credential Description

Milbank LLP received recognition for three TXF Perfect 10 Deal of the Year Awards at the TXF Global 2023 Export, Agency and Project Finance ceremony held in Lisbon, Portugal. The awards highlighted Milbanks expertise in navigating complex financing transactions across various regions. One notable case was the TXF Perfect 10 Europe Deal of the Year for the SK On Hungary Gigafactory. Milbank advised The ExportImport Bank of Korea, Korea Trade Insurance Corporation, Euler Hermes of Germany, and a consortium of international commercial banks in securing a US$2 billion financing package for SK Ons Gigafactory plant in Ivancsa, Hungary. This project exemplified Milbanks capability in managing large-scale financing for innovative energy projects. In Latin America, Milbank was recognized for the TXF Perfect 10 Latin America Deal of the Year for the Araguaia Nickel Mine. The firm advised commercial lenders and export credit agencies, including EKF of Denmark, Finnvera of Finland, and SEK of Sweden, in a senior debt financing package for the development of the greenfield Araguaia Nickel Project in Brazil, sponsored by Horizonte Minerals PLC. This financing was also awarded the title of Global Mining Deal of the Year by Mines and Money, underscoring the projects significance in the mining sector. Additionally, Milbank received the TXF Perfect 10 Asia Deal of the Year for the Karawang EV Battery Manufacturing Project. The firm provided counsel to Korea Trade Insurance Corporation and a consortium of international commercial banks in a US$711 million term loan for a joint venture involving LG Energy Solution, Hyundai Mobis, Hyundai Motor Company, and Kia Corporation. This project aimed to establish an electric vehicle battery cell plant in Karawang, Indonesia, contributing to the regions industrial and energy transition efforts. These awards reflect Milbanks commitment to delivering tailored solutions for complex financing needs in the energy and infrastructure sectors, showcasing their ability to facilitate significant projects that drive innovation and sustainability.