Multi-Currency Financing - Mirant - Sale of Caribbean Assets

Represented Mirant Corporation in its divestiture of various Caribbean majority-owned and minority-owned power-related assets and operation. The sale involved generation plants situated in five Caribbean countries (The Bahamas, Jamaica, Trinidad and Tobago, and Curacao) with a total generation capacity of 1,050 megawatts. With the associated debt, the transaction was valued at about $1.1 billion. The disposition required a sustained effort from the firm for more than a year from initial due diligence, through the competitive bid process, simultaneous negotiations with multiple bidders, signing and closing.