Deal announcements

Our capital markets team in Brazil is acting as administrative agent, intercreditor agent and accounts administrator on the financing of the Sao Paolo subway expansion, involving a BRL 6.9Bn loan from Brazilian National Development Bank (BNDES) to Concessionária Linha Universidade S.A. (CLU). This is the largest #infrastructure PPP project under construction in Latin America and one of the first “Project Finance Non-Recourse” operations of this size in Brazil.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Find more information here.

Our capital markets team in Dubai is acting as UAE Security Trustee for a Senior Secured Bridge Facility, up to USD 150m for a leading global energy firm.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our South Africa capital markets team is acting as back-up servicer and independent fiduciary to a R20bn agricultural note programme. TMF Group delivers back-up servicer services out of 20+ offices globally, supporting your global business.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in Germany is appointed as facility agent and security trustee on a €130.7M financing for the construction of an onshore wind portfolio. This project financing is covering a 146MW onshore wind portfolio in Sweden and part of Renewable Power Capital’s pan-European renewable energy investment platform.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in Switzerland is appointed as verification agent and back-up servicer for Uncapped, a specialist funding provider for online businesses allowing founders to raise growth capital without giving up equity. It provides fixed-term loans, revenue-based-finance and other innovative lending solutions for e-commerce and SaaS businesses. TMF Group delivers back-up servicer services out of 20+ offices, supporting your global business.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets teams in over 20 offices help clients needing a local agent for the service of process. We are able to use multiple offices on complex, multijurisdictional deals, including in Latin America in particular. TMF Group delivers process agent services out of 20+ offices, supporting your global business.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in Ireland is an important part of our global aircraft finance offering. The team provides owner trust services for aircraft finance vehicles and works closely with the world's largest aircraft leasing companies. 

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in Brazil is providing collateral agent and account administrative agent services to Mubadala Capital, in connection with its US$1.8b acquisition of the RLAM refinery, previously owned by Petrobras. The financing was split into three deals: a note issuance, a liquidity facility and the placement of private notes. TMF Group supported all three deals.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our Argentina-based capital markets team is acting as trustee on over 40% of local securitizations issued in March 2022. Argentina's busy domestic securitization market covers asset classes including retail, telecommunications and consumer loans.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

TMF Group’s Swiss team is acting as registrar and paying agent in connection with the first US dollar-denominated Certificado de Recebíveis do Agronegócio (CRA) issuance in Brazil. The CRAs were issued by Ecoagro, a Brazilian securitisation company, and are listed on the Vienna Stock Exchange.

Our South Africa capital markets team is acting as fiduciary servicer to Capital Harvest’s R10bn agricultural securitisation transaction. The transaction is an asset-backed securitisation of agricultural loans that are advanced to commercial farmers in South Africa. This will be the first agricultural debt transaction to be listed on the Cape Town Stock Exchange, an alternative exchange aiming to modernise South Africa’s stock market services.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets teams in Argentina, Brazil, Chile and Paraguay are supporting multiple deals which have been nominated by Latin Lawyer as ‘Deals of the Year’. TMF Group is involved in four out of the twelve nominated deals: in Argentina, with the YPF bond exchange offer; Brazil supporting Brazil’s largest-ever project bond offer; the launch of Chile’s first tariff stabilisation bond; and Paraguay's first PPP road project.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our Netherlands capital markets team is acting as EMIR reporting agent for an aircraft finance SPV, in connection with its use of derivatives. In addition to EMIR, TMF Netherlands has substantial experience providing ESMA and PFIC reporting services.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our Paraguay capital markets team is providing collateral agent services in connection with the expansion of the Ruta PY02 infrastructure project. The project financing is arranged by the Interamerican Development Bank (IDB) as a PPP with a concession term of 30 years and an investment of US$550 million.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our New York capital markets team is acting as administrative agent in connection with a $130 million syndicated lending facility arranged by Bank Itau.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in the Netherlands is providing reporting agent services (ESMA reporting, PFIC reporting, consolidations, IFRS) to multiple investment managers. With this recent appointment, the team of experts now services over 150 investment managers and issuers.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in Brazil is providing collateral agent and account administrative agent services to Mubadala Capital, in connection with its US$1.8b acquisition of the RLAM refinery, previously owned by Petrobras. The financing was split into three deals: a note issuance, a liquidity facility and the placement of private notes. TMF Group supported all three deals.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/Issuer and trustee services.

Our capital markets team in Argentina (TMF Trust Company Argentina S.A.) is providing trustee services to Centro Card S.A., in connection with its AR$280M debt securities public offering through Centrocard Créditos I public financial trust.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/Issuer and trustee services.

Our New York-based capital markets team is providing calculation agent, verification agent, portfolio administration and investor reporting services for a global asset manager, in connection with a supply chain finance transaction. TMF Group’s proprietary technology solution is being used verify the eligibility criteria of assets purchased and monitor collateral performance, including tracking insurance coverage and maintenance of the advance rate.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/Issuer and trustee services.

Our capital markets team in Switzerland is acting on a first-of-its-kind Swiss corporate covered bond programme for AMAG Leasing, which successfully completed its inaugural issuance of CHF260m auto covered bonds, due 2025. The auto covered bonds are indirectly backed by a portfolio (the cover pool) of lease assets originated by AMAG Leasing.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Our capital markets team in the UK is acting as corporate services provider to the issuer of a restructuring-related issue of €500m sustainability-linked notes by Europcar, further to its greener technology focus.

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

Find more information here.

Our team in Switzerland is acting on the country’s first ever issuance of a green covered bond.

TMF Group has been appointed as corporate services provider, asset pool administration services provider and security trustee, in connection with the issuance of a ten-year CHF150m green covered bond arranged by Crédit Agricole. The issuer will allocate the proceeds to financing or refinancing Swiss residential properties that belong to the most efficient domestic energy classes (top 15%).

TMF Group's capital markets practice covers a full range of domestic and global capabilities, including administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: our Argentina team was appointed to provide master and local collateral agent services to Compañía Latinoamericana de Infraestructura y Servicios S.A., (CLISA) in connection with its $ 320,000,000 note exchange and consent solicitation. The transaction further deepens our relationship with CLISA, one of the largest infrastructure companies in South Latam. As part of the transaction, additional collateral may be held by our capital markets teams in Perú and Paraguay.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: our market-leading Argentina trustee team was appointed as bond trustee in connection with Cencosud S.A.’s AR$ 962,678,947.00 securitization program. This issue constitutes the seventeenth tranche issued by Cencosud S.A., a leading Argentine retail sector corporate.

Our capital markets teams in Brazil and the UK jointly assisted a Brazilian commodities (sugar and ethanol) client to restructure its debt into a NewCo. The restructuring included the creation of new USD and Reais debt facilities provided by a syndicate of 13 institutional lenders. TMF was appointed to act as Common Agent, Facility Agent, Onshore Security Agent and Offshore Security Agent.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: Our office in The Netherlands supported Energy Transition Partners with the listing of their SPAC on the Euronext Amsterdam, under the symbols “ENTPA” and “ENTPW”.

Our team provided SPV / Issuer services, including prospectus review, accounting and tax, domiciliation, directorship services, regulatory reporting and other related services. In addition, our UK and Netherlands teams provided accounting services (including IFRS accounting), tax services, entity management and cash management to Energy Transition Sponsor LLP and the listed entity Energy Transition Partners B.V.

Our experts provide reporting compliance for over 100 issuers, involving asset classes including CLOs to CMBS, Consumer Loans and Trade Receivables.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: TMF Switzerland is acting as security trustee and note trustee on Swisscard AECS AG’s issue of CHF 200m notes (Swiss Credit Card Issuance 2021-1 AG).

TMF Group Capital Markets: Our offices in Belgium, Dubai, Ireland and New York are acting in connection with (i) an issue by KGK Group of a $100m inventory securitization and (ii) an issue by Stargems DMCC of a $200m diamond receivables securitization. Our role involves providing and managing multi-jurisdictional SPVs and acting as UAE security trustee and Irish share trustee.

TMF Group Capital Markets – our London team is acting as Facility Agent for an African sovereign infrastructure related syndicated loan with a large group of initial finance providers.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: Our teams in Brazil, Colombia, Ecuador and Peru are proud to provide coordinated local collateral agent services to LATAM Airlines’ US$2.45 billion debtor-in-possession loan, recently voted ‘Deal of the Year’ by Latin Lawyer.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: our London team is acting as Facility Agent on another African sovereign infrastructure project financing, supporting global bank finance providers.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

We are delighted to announce that TMF Group Argentina’s 1FD rating was renewed by FIX Argentina SCR (part of Fitch Rating). 1FD is the highest rating available for a trustee in Argentina and reflects an assessment that TMF Group possesses the highest rated skills and qualifications displayed by a trustee. Furthermore, its organization structure, as well as the technology, operations, controls and communication tools it relies on are of the highest quality.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF’s Capital Markets teams in Belgium, Luxembourg and the Netherlands are acting as corporate services provider, security agent, calculation agent, shareholder and ESMA reporting agent in connection with an issue by BL Consumer Issuance Platform II S.a.r.l., Compartment BL Consumer Credit 2021, of EUR318,780,000 securitized notes. The securitized receivables consist of Belgian and Luxemburgish credit cards and consumer loans originated by Buy Way Personal Finance SA.”

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF’s Capital Markets teams in Belgium, Luxembourg and the Netherlands are acting as corporate services provider, security agent, calculation agent, shareholder and ESMA reporting agent in connection with an issue by BL Consumer Issuance Platform II S.a.r.l., Compartment BL Consumer Credit 2021, of EUR318,780,000 securitized notes. The securitized receivables consist of Belgian and Luxemburgish credit cards and consumer loans originated by Buy Way Personal Finance SA.”

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

Our capital markets teams in Chile and New York are proud to provide facility agent services, including administrative, operational and representative work on behalf of IDB Invest in Chile in connection with the purchase of local electricity tariff receivables and corresponding collections from distribution companies. This transaction is another example of TMF Group’s extensive experience handling receivables financing bond and loan transactions globally.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

Our capital markets teams in Chile, New York and the Netherlands are proud to provide issuer services and portfolio verification services to Chile Electricity PEC SpA’s $489 million offering of 2021-1 Zero Coupon Senior Secured Notes due 2028. The offering proceeds were used to purchase electricity tariff receivables from Chilean power generation companies, pursuant to a new Chilean law which temporarily introduces a tariff stabilisation mechanism. TMF Group’s services on this first of its kind structure include administering the receivables portfolio by reference to Official Decrees issued by the Chilean Electricity authority, as well as providing accounting and tax, treasury and domiciliation services.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets: TMF Group Canada is appointed to provide SPV corporate services, accounting and tax, for Seaspan, in connection with its purchase of two roll-on roll-off ferries.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets – TMF’s Capital Markets teams in Chile, Colombia and Peru have been appointed to provide coordinated administrative agent services and guarantee (collateral) agent services on a syndicated finance transaction for Peruvian loan facilities.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF Group Capital Markets – we are proud to announce that TMF’s Netherlands Capital Markets team is acting as Issuer services provider on a €700m “Green Bond” issue by VodafoneZiggo. The market presence of Green Bonds continues to grow, with 479 such issues taking place in 2019. TMF Group is actively involved in this trend and the related framework and disclosures required to qualify securities as green bonds.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

Our Brazil team is an integral part of TMF’s Global Capital Markets Group and a leading regional provider of transaction services on structured finance and project finance transactions, across industries. We are pleased to announce the fourth award-winning capital markets deal in the past twelve months in which TMF’s Brazil team has played a role; the list is as follows:

Projeto Noronha: TMF acted as onshore Collateral Agent for the BRL 23.4bn acquisition of TAG pipeline. Oil and Gas Acquisition 2019 Deal of the Year, Proximo, Oil & Gas Financing of the Year, Latin Finance.

Itapoá Port: TMF acted as Collateral Agent, Escrow Agent and Intercreditor Agent for the BRL 450m expansion of Itapoá’s shipyard, wharf and handling capacity. Port Finance 2019 Deal of the Year, Latin Finance.

Ascenty Data Centers: TMF acted as Brazilian Collateral Agent for the BRL 775m Syndicated Credit Agreement. Latam Communications Deal of the Year 2018, Proximo.

LD Celulose: TMF acted as Onshore Collateral Agent for the BRL 1bn financing of the construction and operation of a dissolving wood pulp plant in Minas Gerais, Brazil. Deal of the Year 2020, Latin Finance.

TMF Switzerland and TMF Ireland are providing security trustee, portfolio administration, cash management and corporate services on a first-of-its kind Swiss receivables financing transaction, involving a dual issuance of listed short-term Notes by Glacier Finance 2 DAC and Glacier Finance 3 DAC, respectively. The securitised receivables are originated by VonRoll Infratec, a leading firm in water and utilities infrastructure with over 200 years history and a presence in over 14 countries.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.

TMF’s Capital Markets Group offers a full range of domestic and global capital markets capabilities, covering administrative, agency, SPV/issuer and trustee services.