Grétel Martínez

Select matters include advising:

• Sacyr Concesiones S.L. and Ocho A S.A., as sponsors, Rutas del Este S.A., as borrower, and Rutas 2 and 7 Finance Limited, as issuer, in the US$458 million zero coupon Rule 144A/Regulation S bond arranged by Goldman Sachs & Co. LLC, acting as sole global coordinator, and US$200 million working capital and long-term project finance facilities provided by the Inter-American Development Bank, in each case for the design, construction, operation and maintenance of the 2 and 7 Road Project in Paraguay.
• Atlas Renewable Energy in connection with its US$253 million issuance of notes in the form of a private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933, the proceeds of which were to be used to develop and construct a 244 Mega Watt Peak (MWp) solar project and to refinance an existing 70 MWp solar project (both located in Chile). The innovative transaction was the largest solar PV green private placement in Latin America to date (awarded "Latin America Renewables Solar Deal of the Year" by IJGlobal, 2020).
• SMBC, EKF, CAF and FMO, as lenders, in connection with the project financing of wind farms being developed by Genneia S.A. in Argentina.
• A group of independent power generators in Chile, including Aela Generación, Cerro Dominador, Chungungo, Empresa Eléctrica Carén, GM Holdings and Santiago Solar, in connection with a receivables purchase and sale facility to monetize receivables with a face value of approximately US$185 million. Under the facility, IDB Invest, BNP Paribas and Santander will purchase receivables originated under Chilean Law No. 21,185, which temporarily froze the electricity tariffs that distribution companies charge their customers.
• DP World in connection with the approximately US$377 million project financing of the Posorja Port Project, a greenfield deepwater multipurpose port terminal in Ecuador (awarded "Deal of the Year—Project Finance (Infrastructure)" by Latin Lawyer, 2019).
• Trabajos Marítimos S.A., a leading maritime and port operator in Peru, in a US$200 million NY private placement guaranteed by its subsidiaries. The transaction was the company's inaugural issuance in the international capital markets.
• Bidding consortium in connection with the development of the Consolidated Rent-a-Car Project to serve Los Angeles International Airport. The project was a US$1 billion rent-a-car P3 to consolidate rental car operations.
• Sponsor consortium and concessionaire in all aspects of bid, commercial close and financial close for the US$1.06 billion SH 288 Toll Lanes Project in Houston, Texas, one of the most important infrastructure projects undertaken in the Houston metro area.*
• Shortlisted sponsor consortium bidding to design, build, finance, operate and maintain a US$1.9 billion flood diversion project in Fargo, North Dakota.*
• Developer in its US$827 million private placement notes issuance to refinance senior bank debt on the approximately US$1.80 billion I-595 Project in Florida (one of the first refinancings of a greenfield P3 project in the US and one of the first P3s to be refinanced in the private placement market).*
• Sponsor consortium in the development and financing (financing consisted of a TIFIA Loan and private activity bonds (PABs)) of the US$750 million Portsmouth Bypass P3 Project, a 16-mile, limited-access, four-lane highway around the City of Portsmouth in South Central Ohio. The project was the first availability-based payment P3 concession in Ohio and the largest construction project in Ohio's history.*
• Sponsor consortium on its successful bid for, and financing of, the US$2.3 billion I-4 Ultimate Highway Project in Florida, which entailed the rebuilding of 15 major exchanges, the addition or replacement of 127 bridges, and the construction of four tolled lanes partially funded through a US$949 million TIFIA loan. The project was the largest greenfield availability payment transaction ever undertaken in the US (awarded "Americas Transportation Deal of the Year" by Project Finance International, 2014; "North American Transport Deal of the Year" by IJGlobal, 2014; "Deal of the Year" by Trade Finance magazine, 2014; and the Envision Platinum recognition from the Institute for Sustainable Infrastructure (ISI) for its sustainability efforts, making it the first project in Florida to win this recognition).*
• Major electric utility on its bid for the unprecedented US$1.165 billion opportunity to manage the on-campus energy and utility systems of The Ohio State University, including meeting sustainability objectives.*
• Senior lenders and ECAs on approximately US$4.4 billion financing for an LNG liquefaction project in Texas (awarded 2014 "Deal of the Year—Americas" by Project Finance International, "Americas Award for North American Oil & Gas and Global Overall" by Infrastructure Journal, 2014, and "Global Finance Deal of the Year: Project Finance" by The American Lawyer, 2015).*
• Royal Caribbean Cruises Ltd. (RCCL), as in-house counsel, on negotiation and closing of US$3 billion revolving credit facilities, US$700 million delayed-draw term loan facility with Morgan Stanley and US$500 million term loan with Bank of America.*
• RCCL, as in-house counsel, on several significant capital-markets transactions, including offerings of several tranches of senior unsecured notes totaling more than US$2 billion; issuance of US$1.15 billion of convertible notes; and issuance of US$2 billion dual-tranche bond of senior secured notes and priority guaranteed notes (awarded "IFR's 2022 North America High Yield Bond of the Year Award").*
• RCCL, as in-house counsel, on the financing and delivery of "Wonder of the Seas," the world's largest cruise vessel and the first of three vessels financed under a novel, approximately €2.5B French ECA-supported financing (awarded "ECA-backed Shipping Deal of the Year" by TXF News, 2021).*

*Matters prior to joining White & Case