Mr Hugo Triaca > Clifford Chance > New York, United States > Lawyer Profile

Clifford Chance
31 WEST 52ND STREET
NEW YORK, NY 10019-6131
United States

Work Department

Capital Markets

Position

Hugo Triaca specialises in equity offerings, high-yield and investment grade debt offerings, hybrid securities transactions, liability management transactions such as exchange offers and debt tender offers, acquisition financings and other corporate transactions.

Mr. Triaca also advises foreign private issuers in connection with corporate governance, U.S. securities laws and general corporate matters.

Education

Columbia University School of Law (LL.M.) 2003, University of Buenos Aires School of Law (J.D. Honors Diploma) 1999

Lawyer Rankings

United States > Finance > Capital markets: global offerings

(Next Generation Partners)

Hugo TriacaClifford Chance

Clifford Chance‘s global standing and expansive geographic presence places it in a strong position to handle global offerings. In particular, many of the firm’s New York-based capital markets lawyers have extensive experience with Latin America offerings. While maintaining strong connections to international banks, the firm has also built a sizeable portfolio of corporate and sovereign clients in Latin America. The New York team works frequently with colleagues in São Paulo, and has enjoyed a recent uptick in equity offerings by Brazilian issuers. A prominent name in corporate and sovereign offerings in Latin America is Jonathan Zonis, who co-heads the Americas capital markets practice and also heads up the Latin America practice. Hugo Triaca has also made a considerable impact in the team.

United States > Finance > Capital markets: debt offerings

Clifford Chance‘s DCM practice stands out in REIT deals and Latin America-originated offerings, including those by sovereign and sub-sovereign issuers. The New York-based team has worked on a series of headline debt offerings by Latin America issuers, including advising four Panamanian subsidiaries of The AES Corporation on the refinancing of an aggregate $1.48bn in existing debt and capital expenditures, which involved the issue $1.38bn worth of 10-year notes. Andrew Epstein and Kathleen Werner are the key names in the REIT offering space, while Jonathan Zonis and Hugo Triaca are recommended for Latin America deals.

United States > Finance > Capital markets: equity offerings

Clifford Chance‘s US capital markets team has a notably strong record in real estate (including REITs) and international offerings, particularly those originating from Latin America. Fund offerings are another forte for the US-based team. The firm has gained a strong foothold in emerging markets and has gathered a sizeable market share of a resurgent equity capital markets activity in Brazil. It has gained further traction with major sovereign and quasi-sovereign issuers in Latin America. The group is slightly more weighted towards issuers, though still has excellent connections to underwriters thanks to the firm’s global standing and the prominence of the New York and Washington DC offices. Andrew Epstein is a senior figure in equity REIT and mortgage REIT offerings, other real estate transactions and specialty finance. Kathleen Werner is another key partner in REIT deals and Jonathan Zonis has noted experience in Latin America offerings, including those by sovereign issuers. Hugo Triaca is also developing a strong reputation in Latin America equity deals. All named individuals are based in New York.

United States > Finance > Capital markets: high-yield debt offerings

Clifford Chance is gaining recognition for transactions in the ESG and green bond segment, along with restructuring-related deals and Latin America work. Based in New York, the team’s strength in ESG and green bonds is underpinned in part by the firm’s activities in Europe. Specialty finance is another forte for the team, which acts for a variety of alternative lenders, business development companies and private equity firms. The group also works closely with the firm’s structured finance and project finance teams. Gary Brooks is an experienced high-yield debt specialist and is particularly noted for his underwriter connections. Hugo Triaca has an extensive record in high-yield debt and hybrid financings in Latin America. Jonathan Zonis leads the Americas capital markets practice.

United States > Industry focus > Energy: renewable/alternative power

While Clifford Chance does handle some M&A work in the sector, its primary focus remains on the project finance front for a fairly balanced mix of commercial banks, development banks and export credit agencies.  Washington DC-based team head Lori Bean is the firm’s OPIC (now DFC) and US-Exim Bank relationship partner, and has consequently handled major project financing mandates throughout the globe, including numerous wind farm projects in Latin America and East Africa. Native Spanish speaking New York-based partner Hugo Triaca is a ‘star capital markets lawyer in Latin America‘ for both issuers and underwriters; he has been involved in many renewable energy-related financings in the region, including as it relates to green bonds.

Latin America: International firms > Capital markets

Clifford Chance is a strong player in Brazil equity deals thanks to its sizeable Sao Paulo office, while having strong presence in high-yield debt, hybrid securities and sovereign offerings across the region. Debt restructurings and refinancings are another forte for the team. It represents a wealth of Latin American issuers and a number of key banks as underwriters. It has a particularly strong record in offerings by financial institutions. Jonathan Zonis leads the Latin America practice and is co-head of the Americas capital markets group, having a strong record in corporate and sovereign offerings. Hugo Triaca has emerged as a pivotal member of the team, working on a range of equity and debt offerings in multiple Latin American jurisdictions. Anand Saha is noted for equity, debt and liability management transactions, especially those originating in Brazil. Sao Paulo managing partner Anthony Oldfield provides further senior level gravitas on headline and big-ticket Brazil offerings, frequently acting for both issuers and underwriters. Sao Paulo counsels Patrick Jackson and Anja Pfleger Andrade also provide further senior expertise on multiple Brazil deals, while associate Mariana Estévez also impresses. Gianluca Bacchiocchi and Guido Liniado have left the firm. All named individuals are based in New York unless stated otherwise.

Latin America: International firms > Projects and energy

Clifford Chance has been a dominant force in Latin America projects and energy for some years now, having leveraged its tight links to investment and commercial banks, development finance institutions (DFIs) and agency lenders, and a range of sponsors. The firm has particularly strong connections to the likes of IDB Invest and Goldman Sachs. It has also been at the forefront of project bonds and multi-source financings, though the recent departures of Gianluca Bacchiocchi and Guido Liniado represent a blow to this side of the practice. Despite this, it continues to receive engagements in private placement financings and refinancing. The firm has impressive deal flow in most of the major economies in Latin America, including Brazil, Colombia and Mexico, along with a tremendous record in smaller markets such as Honduras, El Salvador and Guatemala. Fabricio Longhin is at the forefront of infrastructure financings and PPPs, most notably in Colombia, Peru, Paraguay and other jurisdictions, while remaining active in renewable energy financings in Chile and elsewhere. Lori Ann Bean is key to agency and DFI relationships, including IDB Invest and IFC. Catherine McCarthy  is also key to connections with multilateral agencies and export credit agencies (ECAs), along with a number of commercial banks. New York’s Hugo Triaca is key for bond and private placement financings; while both Jessica Springsteen (who made partner in May 2021) and counsel Alberto Haito, continue to impress. However, New York-based Chris Willott, who focuses on Brazil project financings, left in August 2021. All named individuals are based in Washington DC unless stated otherwise.