CHICAGO, IL – June 2016 - Marathon Capital is pleased to announce the firm has been recognized as “Best Renewable Asset M&A Advisor” and for its involvement
as Financial Advisor in Mexico Power Group’s (“MPG”) La Bufa 1 “Renewable Generating Project Finance Deal of the Year” in Power Finance & Risk’s
13th Annual Power Finance Deals and Firms Awards.
MPG’s La Bufa 1 Project was also recognized as “Project of the Year” in an award ceremony during the Mexican International Renewable Energy Congress (“MIREC”), in Mexico City on May 18, an event with an audience of over 1,000 industry participants, representing developers, government agencies, banks, financiers, investors and suppliers in Mexico’s renewable energy industry.
Marathon Capital acted as exclusive financial advisor to MPG on the equity and debt financing for its 130 MW La Bufa 1 wind project in Zacatecas, Mexico, consisting of a $212 million 18-year senior loan as well as subordinated debt.
First Reserve is MPG’s equity partner on the project which will supply Volkswagen de Mexico’s assembly factory in Puebla with generation under a 20-year power purchase agreement. SMBC led the construction and term loan bank group, along with Nacional Financiera and Korea Development Bank. Bancomext provided VAT and letter of credit facilities.
"Marathon Capital is honored to be recognized by our clients, peers and capital partners and appreciate the multiple votes of confidence. We look forward to continuing to support our clients across North America and expanding our presence in Latin America’s renewable energy industry," said Marathon Capital’s CEO, Ted Brandt.
About Marathon Capital
Marathon Capital is a leading financial advisory and investment banking firm focused on providing financial advice in the areas of M&A, capital raising of debt and equity, project finance, tax equity, financial restructuring, recapitalization, bankruptcy and workout situations in the global energy and infrastructure markets.