![]() ![]() It led the US$525m holdco non-recourse mini-perm backing Global Infrastructure Partners’ acquisition of LatAm focused IPP Atlas Renewable Energy, it solely underwrote EIG and Fluxys’s US$700m loan backing the purchase of a stake in the GNL Quintero LNG terminal in Chile, it was a senior MLA on Phoenix Tower’s US$2bn term loan refi and capex deal for that company to pursue its telecoms build-out, and was on Horizonte Minerals’ US$346.2m Araguaia Nickel mine financing in Brazil, including acting as onshore hedge provider. In Latin America BNP was one of the more active banks and was on a number of key deals. On top of that, it also continued to be a stalwart of older PF favourites such as gas-fired power, leading ArcLight’s various Term Loan B and C financings backing its purchase of a 6.75GW portfolio of fossil fuel-fired power projects from PSEG for US$1.92bn. It was a lead on the US$960m funding of the 410MW/1,716MWh Edwards Sanborn solar plus storage financing in California, among a number of notable renewables mandates. The Paris-headquartered bank has strong ESG credentials and is a key player as part of the global decarbonisation charge. ![]() The deal perhaps best highlights the bank’s ability to use its balance sheet to make large underwriting commitments, while then successfully syndicating the deal at the back end of the year during choppy markets.īNP was also a lead in the US$1.3bn construction, term, and delayed-draw loan deal backing Blackstone’s QTS Hillsboro data centre complex in Oregon, positioning itself at the vanguard of another new business line for PF. It was at the heart of the largest infrastructure loan deal ever closed in North America, serving as lead left, joint lead arranger, joint bookrunner, co-underwriter, and administrative agent on the whopping US$14bn deal to jointly fund two under-construction semiconductor fabrication facilities in Arizona. ![]() The bank’s breadth of production, from underwriting through advisory to hedge providing and beyond, stood out from the crowd.īNP was a key player in deals for emerging PF assets. BNP Paribas was the outstanding bank in the Americas this year, leading new and innovative transactions in emerging sectors as well as maintaining a strong business in more traditional project finance spaces. ![]()
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