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Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Email:
Web:
www.shearman.com

Denise Grant

Tel:
Work +1 212 848 7959
Email:
Shearman & Sterling LLP

Work Department

Project Development & Finance

Position

Denise M. Grant is a partner in Shearman & Sterling’s Project Development & Finance Group. Her practice consists of representing multinational and regional corporations and financial institutions (including multilateral/export credit agencies) in secured and unsecured private financing transactions, including acquisition financings, financings for capital expenditures, corporate restructurings and project finance transactions both crossborder and domestic. She has a special focus on Latin America and has recently completed financings involving Brazil, Chile, Colombia, Mexico, Peru and Venezuela. She is named a leading lawyer in Latin America-wide Banking & Finance as well as Latin America Investment by Chambers & Partners.

Education

Georgetown University Law Center, J.D., 1989; George Washington University, B.A., 1986


Latin America: International firms

Banking and finance

Within: Leading individuals

Denise Grant - Shearman & Sterling LLP

Within: Banking and finance

Shearman & Sterling LLP has shown deep commitment to Latin America over the last few decades. Like many of its key rivals it stands out for its expertise in energy, infrastructure and mining-and-metals finance, although it has more than respectable credentials in a range of products including acquisition finance, structured financings and bank/bond financings. The firm has extensive geographic coverage from Mexico, Costa Rica and Honduras, down to Colombia, Chile, Brazil and Argentina. Clients include Credit Agricole, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria (BBVA), Transelec and Banco Nacional de México. The practice group advised Transelec Concesiones on a $358m loan facility (and associated interest rate hedging) for the individualised portfolio construction financing of four independent transmission lines and four associated independent substations in Chile; Export Development Canada, KfW IPEX-Bank and MUFG Bank acted as mandated lead arrangers. It also advised BBVA and the other lead arrangers on a $450m refinancing for Mexico's Grupo Cementos de Chihuahua; and Citibank and Santander on a club deal for the refinancing of Peruvian beverage company Grupo AJE, which has subsidiaries in more than 20 different jurisdictions. Denise Grant is an experienced and versatile finance specialist with an excellent standing in acquisition finance, refinancing and project finance. Gregory Tan leads the global project development and finance group, and is a recognised specialist in Latin America energy and infrastructure financings. Cynthia Urda Kassis heads the metals-and-mining practice and is 'fabulous to deal with', 'one of the senior finance practitioners out there', 'calm and thoughtful' and 'a real facilitator for clients in getting a transaction closed'; he 'deserves plenty of praise'. Alexandro Padrés  has a particularly fine record in Mexico, Chile and the Dominican Republic, where he has worked on a series of headline power and mining sector financings. Augusto Ruiloba  is the key name at senior associate level and is recommended by several clients.

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Projects and energy

Within: Projects and energy

Shearman & Sterling LLP has further cemented its prominent standing in Latin America projects and energy. The firm is active across the energy, infrastructure and mining segments and has impressive geographic coverage from Argentina to Mexico and the Caribbean. Much of the Latin America practice sits in New York and Sao Paulo. Clients include CorporaciĂłn Financiera de Desarrollo (Cofide), Credit Agricole, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria (BBVA), Transelec, Banco Nacional de MĂ©xico, JP Morgan Chase, ItaĂș Unibanco, Credit Suisse, Ecopetrol, Metropolitan Life Insurance and BlackRock. It advised the commercial and development banks on Enel Green Power's portfolio project financing of three solar photovoltaic plants in Mexico; the Don Jose, Villanueva I and Villanueva III projects have an aggregate value of $1bn. In another landmark deal, it advised a group of purchasers of private placement secured notes, on the $1.25bn refinancing of the construction of the Longitudinal de la Sierra Norte Tramo 2 toll road project in Peru. Other matters included representing Los Guindos GeneraciĂłn, a joint venture owned by General Electric and the Inprolec Group, in the financing of the expansion of Los Guindos' existing diesel-fired power station located in the BĂ­o BĂ­o region, Chile; the project will increase capacity by 133MW. The Latin America team is praised for its 'incredible experience and leadership', which comes to to the fore in negotiations with counterparties. It is 'quick to address outstanding issues' and has 'strength in all Americas regions'. The group is frequently singled out for its lender-side representation. Gregory Tan is another giant of the market, who is 'efficient, explains the issues and makes recommendations very well'; he has has 'an amicable approach to address issues, is patient, provides great availability and has lots of experience in North and South America based transactions across many different industry sectors'. Cynthia Urda Kassis is another top practitioner with a tremendous record in energy and infrastruture; she remains one of the market leaders in mining projects in the region. Robert Freedman is a senior member of the practice with deep expertise in energy and oil-and-gas finance, development and acquisitions. Denise Grant has outstanding financing credentials and has worked on some of the headline deals of recent years in Mexico, Chile, Peru, Brazil and elsewhere. Alexandro PadrĂ©s has made a significant impression on the market, particularly in power and mining projects in Mexico, Chile and Peru; he is 'a great lawyer and a pleasure to work with' and is recognised for his broad experience across the projects and energy sphere. Senior associate Augusto Ruiloba  is a rising star.

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United States: Finance

Project finance

Within: Project finance

Shearman & Sterling LLP has particular expertise in energy and infrastructure sector project finance mandates. Department head Gregory Tan advised Rose Capital Investment, alongside a cross-jurisdictional team, on its co-investment with the Development Bank of Japan, Highstar Capital and Ares Management for the acquisition of the Linden Power Project in New Jersey, and Alexandro Padrés acted for the commercial and development banks, including Bancomext, BBVA, Caixa, EIB, IDB, IDB Invest, MUFG and Natixis, in connection with the $1bn Enel Green Power portfolio project financing of three solar photovoltaic plants in Mexico. Elsewhere, Robert Freedman, who is focused on US power and renewables transactions, advised GE Capital EFS Financing as administrative agent, collateral agent, joint lead arranger, sole bookrunner and a lender, on the financing for the construction of the Persimmon Creek Wind Farm, a 200MW wind power generation facility located in Ellis, Woodward and Dewey Counties, Oklahoma. Cynthia Urda Kassis, who heads the metals and mining practice, and recently promoted partner Paul Epstein are acting for the US Department of Transportation, through the Federal Highway Administration, as transactional counsel in relation to a senior secured loan as part of the $2bn I-10 Mobile River Bridge and Bayway Widening P3 project in Alabama. Denise Grant is also a key figure. Named lawyers are based in New York. Patricia Hammes recently retired.

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