New York, February 27, 2023 – Mizuho Americas today announced it received 2022 Project Finance International (PFI) Deal of the Year Awards for its role on four major infrastructure transactions. The awards were presented at a ceremony in London. Award winners were selected among detailed award entries and final evaluations by the PFI senior editorial team.
Mizuho was recognized in the following categories:
Americas Power Deal of the Year for Mizuho’s role as Initial Underwriter and Coordinating Lead Arranger on Blackstone’s $6 billion financing of the Champlain Hudson Power Express (CHPE) project. CHPE is a 339-mile, fully-buried transmission line that will deliver 1,250 megawatts of clean and renewable hydropower from Québec to New York City. A marquee project for the State of New York, CHPE is the largest transmission project to be constructed in the state in the last 50 years and is expected to decrease carbon emissions by ~3.9 million metric tons per year and reduce harmful local air pollutants by ~20% – equivalent to removing 44% of New York City’s passenger vehicles.
Americas P3 Deal of the Year for Mizuho’s role as Joint Lead Arranger on the $6.6 billion financing to re-develop Terminal 1 at John F. Kennedy International Airport. The new Terminal 1, a 23-gate, state-of-the-art terminal, will serve as a global gateway to the New York metro area. This transaction represents an important milestone for Mizuho, as it is the first airport financing, as well as the first transportation asset with traffic risk, ever booked in the Americas region.
Americas Oil & Gas Deal of the Year for Mizuho’s role as Coordinating Lead Arranger and Syndication Agent on the $13.2 billion project financing for the initial phase of Venture Global’s Plaquemines LNG facility. This transaction represents the largest project financing of 2022.
Americas Industrial Deal of the Year for Mizuho’s role as Initial Underwriter and Joint Bookrunner on the $14.3 billion financing of Brookfield’s 49% investment in Intel Corp’s $30 billion, leading-edge semiconductor fab. The brownfield semiconductor production facility is being developed alongside four operating fabs at Intel’s Ocotillo Campus, which with the expansion, will become the company’s largest mega-factory network worldwide.
“Integrating Project Finance across major industry verticals such as Power, Energy, Transportation and Industrials is a unique differentiator and has allowed us to serve our clients holistically,” said Paul McNutt, Head of Power, Energy and Infrastructure, Americas.
“Project finance is a strategic area in the Americas and across the globe,” said Rahul D. Shah, Mizuho Americas Head of Project Finance. “We are proud to be recognized and to play a role in these leading, even historic deals.”
Also at the awards ceremony, Mizuho International was recognized for two transactions in the EMEA region:
Europe Power Deal of the Year – NeuConnect
Middle East & Africa Power Deal of the Year – Lightning
Mizuho Financial Group was recognized for five transactions in the Asia Pacific region:
Asia Pacific Power Deal of the Year – Hin Kong Power
Asia Pacific Offshore Wind Deal of the Year – Ishikari Offshore Wind
Asia Pacific Green Deal of the Year – ReNew’s Round-the-Clock Financing
Asia Pacific Renewables Deal of the Year – Golden Plains Wind Farm
Asia Pacific LNG Deal of the Year – Pluto LNG Train 2
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including investment and corporate banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin 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 approximately 800 offices and 55,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA and Asia. As of December 31, 2021, its total assets were approximately $2 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com.
For inquiries, please contact:
Director, Media Relations, Mizuho Americas
Vice President, Media Relations, Mizuho Americas