Milbank has maintained its elevated status in capital markets offerings in Latin America, particularly in the energy and infrastructure sectors. It 'continues to get stronger and stronger' with its 'savvy and reliable partners'. The Latin America practice has an established record in IPOs and follow-on equity offerings, high-yield and investment grade debt, project bonds, corporate bonds and liability management transactions; it houses a sizeable number of fluent or native Spanish and Portuguese speakers across its New York and Sao Paulo offices that focus on the Latin America region. The firm represents many of the leading underwriters for Latin America capital markets offerings and is further noted for issuances by Latin American financial institutions.Marcelo Mottesi leads the global capital markets group and is co-head of the Latin America practice, having built an outstanding record in the region. In Sao Paulo, Tobias Stirnberg and Fabiana Sakai are two of the longest serving international capital markets specialists in the jurisdiction. Carlos Albarracin is another key figure in energy and infrastructure-related offerings, including sustainability-linked financings. Associate Gonzalo Guitart also impresses clients. Named individuals are based in New York unless stated otherwise.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Having been working in the Latam capital markets space for almost a decade, Milbank continues to get stronger and stronger. They have savvy and reliable partners, but the thing that sets them apart is that they have senior associates that stand apart from other firms. They tend to be collaborative, as well as thoughtful in addressing issues. They are supported by strong specialists in the domestic capital markets, project finance, high yield and other specialty areas so they can source that gloss and apply it to fit the needs in the Latam space.’
‘The Milbank team has reliable team members below the partnership level, though Marcelo Mottessi and Carlos Albaracin are trusted advisors. This includes Gonzalo Guitart, as well as Andres Osornio. The baseline quality of work is higher than at other firms, so the focus is able to be on more complex matters, which the Milbank team handles confidently and adeptly. Gonzalo in particular is such a relied upon resource, and the feedback across the market is that he is a go-to for most, including across the table.’
Key clients
- Citigroup Global Markets
- HSBC Securities (USA)
- SMBC Nikko Securities America
- Guacolda Energía
- JP Morgan Securities
- Scotia Capital (USA)
- Santander Investment Securities
- Abra Group
- Inversiones Gloria Chile
- Metropolitan Municipality of Lima
Work highlights
Advised the initial purchasers in connection with Hunt Oil Company of Peru, Sucursal del Perú's $450m issuance of 8.550% Trust Enhanced Senior Notes (due 2033), and the dealer managers in connection with the offer to purchase any and all of its outstanding 6.375% Trust Enhanced Senior Notes (due 2028).
Represented the initial purchasers and dealer managers in the Rule 144A / Reg S offering by Promerica Financial Corporation of $225m in 10.750% Senior Secured Notes (due 2028), and the tender offer to purchase for cash any and all of its outstanding 9.700% Senior Notes (due 2024) and consent solicitation.
Advised HSBC Securities (USA) and SMBC Nikko Securities America, as initial purchasers, in connection with the offering by Multibank of $300m in 7.750% Senior Notes, due 2028.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Gonzalo Guitart
Practice head
Marcelo Mottesi