Roland Estevez

Milbank LLP was recognized by Proximo Latin America as “Latin America Law Firm of the Year” and received “Latin America Solar Deal of the Year” honors for its role in Solek Group’s Chilean PMGD portfolio financing.~~“We are pleased and grateful to be recognized by Proximo as Law Firm of the Year for our team’s innovative work in Latin America’s growing energy and infrastructure industries,” said Jaime Ramirez, co-head of the firm’s Latin America practice and lead partner on the Solek transaction.~~Project, Energy and Infrastructure Finance Group partner Roland Estevez said: “These honors reflect our firm’s role as a key partner to market-leading sponsors and lenders in expanding and improving the region’s energy and infrastructure – particularly in the solar, wind and overall energy transition sectors.”~~Global Project, Energy and Infrastructure Finance Group Chair Daniel D. Bartfeld added: “This latest recognition is a testament to Milbank’s continued track record of advising clients on high-impact and transformative projects, not only in Latin America but globally.”~~Milbank has one of the largest project, energy and infrastructure groups in the world, with over 140 dedicated lawyers in its offices in the Americas, Europe and Asia. In the past five years, the firm has acted as the lead legal advisor in a wide variety of power, energy, oil/gas, natural resources and other infrastructure projects worldwide that mobilized hundreds of billions of dollars of capital. In 2023, the firm was recognized as “Top International Counsel in Latin America – Project Finance Law Firm of the Year” by Chambers Latin America. Milbank previously won Proximo’s top law firm honors in 2021.

Mar 4

1 min

Milbank LLP represented Applied Digital Corporation (Nasdaq: APLD), a designer, builder and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, in its recently announced private financing from CIM Group of up to $200 million to help build out its HPC campus in Ellendale, North Dakota. The Milbank team was led by partners Jaime Ramirez, Alexandra Johnson, Dan Bartfeld, Brett Nadritch and Jonathan Karl, along with Andrew Walker, Zachary Cronin, Andrew Brooks, Lauren Pasqua and Julianne Guzman. We are thrilled to advise Applied Digital on this financing, which will propel their Ellendale campus to become a leader in the data center infrastructure sector,” said Jaime Ramirez. Dan Bartfeld added, “Applied Digital’s strategy of owning clusters of GPUs, together with designing and operating large-scale, top-tier data centers, is extremely relevant for advancing the AI and data center industry, and we are excited to be participating in our client’s vision.” For more information about Milbank’s Digital Infrastructure team and capabilities contact Dan Bartfeld, Patrick Campbell, Roland Estevez, John Franchini, Alexandra Johnson, Jonathan Karl, Brett Nadritch and Jaime Ramirez.

Jun 11

1 min

Milbank LLP advised Niagara Energy S.A.C., owner of Orygen Perú S.A.A. (formerly, Enel Generación S.A.A.), in connection with its offering of US$1.2 billion aggregate principal amount of 5.746% senior notes due 2034 and the related US$100 million term loan and US$150 million revolving credit facility. Orygen, a portfolio company of Actis, is a global infrastructure investor. As the largest non-conventional renewable energy portfolio in Peru and one of the largest investors in energy generation assets in Latin America, Orygen owns and operates a diversified 2.3 GW portfolio of energy generating effective capacity across 13 power plants in Peru. This was the largest single-tranche corporate bond ever issued by a Peruvian private company. The bond saw significant investor appetite, being well over-subscribed. “We are pleased to have advised our client on this milestone offering, which achieved investment grade ratings from all three major credit rating agencies,” said Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group. “This transaction is a testament to our firm’s expertise in Latin American capital markets generally, and in Peru in particular.” “It is a privilege to have partnered with Niagara Energy on this landmark transaction for them and the Peruvian energy sector as a whole. It exemplifies both the critical role Orygen will play in Peru’s energy transition and Milbank’s excellence and commitment in the Latin American energy infrastructure space,” added Roland Estevez, Global Project, Energy and Infrastructure Finance partner. The Milbank deal team was led by Mr. Mottesi and Mr. Estevez with Corporate Finance and Securities special counsel Andres Osornio Ocaranza and support from associates Louise Toledo Farias, Alexia Raad, Sofia Duclaud, Nicholas Kunz and Chelsea Minuche and international attorneys Rafael Bresciani and Pamela Molina. The deal team also included Tax partner Andrew Walker and associate Michelle Song.

Oct 9

1 min

Milbank LLP advised lenders in CoreWeave’s $7.5 billion debt raise, one of the largest-ever private debt financings. This deal is another example of Milbank’s role as lead counsel in the digital infrastructure space, where we are the most active law firm throughout the digital infrastructure value chain, ranging from chip foundries, GPU procurement and data centers (and associated power solutions), to fiber and towers. For additional information, contact Dan Bartfeld, Patrick Campbell, Roland Estevez, John Franchini and Jaime Ramirez.

May 20

1 min

Milbank LLP advised a syndicate of commercial banks, including Barclays, BBVA Mexico, Santander Mexico, and SMBC, and Mexican development banks NAFIN and Bancomext in connection with the acquisition financing of 13 Mexican power plants from Spanish energy group Iberdrola for approximately US$6 billion (MXN102.34 billion) by an acquisition trust managed by Mexico Infrastructure Partners FF. The transaction includes 12 CCGT power plants with almost 8,500 MW installed capacity (Monterrey I & II, Altamira III & IV, Altamira V, Escobedo, La Laguna, Tamazunchale I, Baja California, Topolobampo II and Topolobampo III, operated under the Independent Energy Generator regime, plus the private CCGT plants Monterrey III & IV, Tamazunchale II and Enertek) and the 103 MW La Venta III wind park. “We are proud to have advised on this landmark transaction, which, in addition to being one of the largest acquisitions in the global power sector in recent years, will also have a significant impact on Mexico’s expanding energy sector as it prepares itself to meet the growing power demands of its economy,” said Global Project, Energy and Infrastructure Finance partner Roland Estevez. Global Project, Energy and Infrastructure Finance partner Carolina Walther-Meade, added: “We are extremely pleased to have worked with NAFIN and Bancomext on this landmark deal which will strengthen Mexico’s participation in its electricity generation.” The Milbank team was led by Mr. Estevez and Ms. Walther-Meade, with associates Daniel Rios Zertuche, Sofia Duclaud, Ana Bueno, Sebastian Leon Nunez and Jeronimo Amenabar.* and by Corporate Finance and Securities partner Carlos Albarracín with special counsel Andres Osornio and associate Fernando Quezada. Advice was also provided by Alternative Investments partner John Williams with associates Devan Zorn and Serge Holodny *Not yet admitted to the bar

Feb 27

1 min