New York, January 14, 2021 – Mizuho Americas today announced its 2020 PFI Awards from Project Finance International, a leading source of global project finance intelligence. The awards recognize the firm’s role on transactions spanning the Americas and the Middle East:
US Power Deal of the Year for Mizuho’s role as a Coordinating Lead Arranger for the $875 million debt financing for Competitive Power Venture’s (CPV) 1250MW Three Rivers Energy Center in Illinois. This landmark deal was the first and only greenfield gas-fired power plant financed in the Pennsylvania Jersey Maryland (PJM) regional market in 2020 and was completed against a backdrop of tightening liquidity amidst COVID-19 lockdowns.
Latin America Power Deal of the Year for Mizuho’s role on the power portfolio refinancing for EnfraGen, a developer, owner and operator of conventional and renewable power generation assets in Colombia, Chile and Panama. Mizuho acted as Joint Lead Arranger, Administrative Agent and Swap Coordinator for the US$1.05 billion bank financing and Joint Bookrunner for the US$710 million senior secured notes offering.
Bank of the Year for the Middle East and Middle East Infrastructure Deal of the Year recognizing Mizuho’s track record in providing multi-faceted solutions in the Middle East and Africa by leveraging our global project finance insights and investor client base, and our efforts in sustainable finance. Both awards highlight the efforts of Mizuho Securities USA and Mizuho Securities Asia acting as joint financial advisors to Abu Dhabi National Oil Company (ADNOC) on the sale of a US$10.1 billion stake in ADNOC Gas Pipeline Assets LLC to a consortium of leading investors. The historic and innovative energy infrastructure agreement, valued at a total US$20.7 billion, allows ADNOC to tap new pools of global institutional investment capital, whilst at the same time maintain full operating control over the assets included as part of the investment.
“These transactions highlight the depth of our expertise and innovation for which Mizuho is known,” said Chris Stolarski, Head of Infrastructure Coverage, Mizuho Americas. “We are proud to have worked with such capable partners on these noteworthy and even historic deals, helping to develop advanced power infrastructure for communities across the world.”
View the EMEA Press Release
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including corporate and investment banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin and South America, Mizuho Americas supports corporate clients, institutional investors, and public sector organizations by connecting local markets to a vast global network. To learn more about Mizuho Americas' business, values, and ethical commitments, and the entities it comprises, visit www.mizuhoamericas.com.
Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has over 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 31, 2019, its total assets were $1.8 trillion. Learn more about Mizuho Financial Group at www.mizuho-fg.com.
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Director, Media Relations, Mizuho Americas
Vice President, Media Relations, Mizuho Americas