David W. Forti
Philadelphia +1 215 994 2647
Dechert LLP’s real estate finance and financial restructuring practices have been recognized by the International Financial Law Review at the IFLR Americas Awards 2023.
In the “Loan Deal of the Year” category, the U.S.$12 billion financing underpinning the acquisition of global data center operator CyrusOne Inc. by KKR and Global Infrastructure Partners was named winner. A Dechert team led by firm co-chair-elect David Forti and global finance partners Matthew Ginsburg and Ani Ravi represented a consortium of lenders funding the take-private acquisition.
The financing involved both real estate and corporate finance mechanisms, which required novel structuring. The transaction also underscored Dechert’s role in driving development of the commercial mortgage-backed securities market as an attractive source of financing for the rapidly expanding data-center sector. Dechert was also named a finalist for “Loans Team of the Year” for its role in this and other large transactions in the real estate finance space.
Dechert was also honored in the “Restructuring Deal of the Year” category, where the financial restructuring of LATAM Airlines was named winner. A Dechert team led by Allan Brilliant, co-chair of the firm’s financial restructuring practice, has played a central role in LATAM’s Chapter 11 proceedings, acting for the Official Committee of Unsecured Creditors.
The Dechert team has been widely honored for its part in LATAM Airlines’ restructuring. The matter was recently named “Restructuring of the Year” by Latin Lawyer and last year was named “International Matter of the Year” by the American Bankruptcy Institute and “Loan Deal of the Year” by the International Financial Law Review.
Another Dechert matter – Canadian power plant company Stoneway Capital’s Chapter 11 process, in which the firm acted as counsel to the mezzanine financing lenders – was named a finalist for “Restructuring Deal of the Year.”
Dechert is a leading global law firm with 21 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.