Quiason Makalintal Barot Torres Ibarra & Sison retains its project finance ranking this year due to its strong work for energy and natural resources clients. The firm, led by co-managing partner Ruel Soriano, frequently acts for prominent project sponsors such as the Energy Development Corporation, Manila Electric Company and Cagayan Electric Power & Light Co....
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Quiason Makalintal Barot Torres Ibarra & Sison retains its project finance ranking this year due to its strong work for energy and natural resources clients. The firm, led by co-managing partner Ruel Soriano, frequently acts for prominent project sponsors such as the Energy Development Corporation, Manila Electric Company and Cagayan Electric Power & Light Co. Partner and head of securities Enrique Quiason boasts a diverse practice, and this year also advised First Philec Nexolon and First Philec Solar Corporation in connection to two $30 million loan facilities.
Deals
This year partner Enrique Quiason acted for the Energy Development Coropration in two deals, the first involving a $75 million loan from the International Finance Corporation (IFC) to support renewable energy business in the Philippines. Quiason also advised the Energy Development Corporation in relation to a P7 billion ($167 million) fixed notes facility agreement arranged by lead arrangers RCBC Capital and SB Capital.
On the M&A front, partner Ruel Soriano represented client First Gen Corporation and subsidiary Blue Vulcan Holdings Corporation in its acquisition of Lisbon Star Management from the British Gas Group. Soriano also acted for Cagayan Electric Power & Light in its acquisition of Olongapo Electric Distribution System, resulting in the privatisation of the electricity distribution system of Olongapo, Central Luzon.
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