Juan Antonio Martín

As part of his focus on capital markets, Juan Antonio has represented:

• Scotiabank Inverlat and The Bank of Nova Scotia in connection with a US$156,800,000 facility that was extended to two trust Borrowers pursuant to a Credit Agreement combining two existing facilities.
• Banco Santander México, in a Reg S offering of US$900 million of 6.921 percent Subordinated Preferred Tier 2 Capital Notes due 2030.
• The underwriters on the initial public offering and listing of Class A ordinary shares on the New York Stock Exchange and Brazilian depositary receipts on the B3 in Nu Holdings Ltd (Nu). The net proceeds from the initial public offering were US$2,539.6 million. This matter was awarded as Equity Deal of the Year 2022 by IFLR1000.
• Molibdenos y Metales, a global-leading, Chile-based company in molybdenum processing, in: i) the reopening of the first and second issuances of long-term debt certificates and ii) in the third and fourth issuances of long-term debt certificates under the program established by Molymet to issue long-term certificates up to a revolving amount of MXN 5.590 billion (aprox. US$310 million) in the Mexican market.
• Sempra Energy: i) In its US$2 billion acquisition of Infraestructura Energética Nova, (IEnova) one of the largest owners and operators of renewable power assets and energy transportation and storage in Mexico. The transaction involved an exchange tender offer through the Mexican Stock Exchange ii) the US$5.81 billion acquisition of the remaining stake in Infraestructura Energética Nova (IEnova); and iii) on regulatory and compliance matters following up the tender offers to acquire shares representing the capital stock of Infraestructura Energética Nova (the issuer) and the cancelation of the issuer's shares in the National Securities Registry (RNV), as well as on a day-to-day basis in its compliance of its obligations with the CNBV and the BMV as a foreign issuer.
• BBVA, Actinver, Scotia, BTG and GBM as underwriters in the second multi-offering program of long-term real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios or CBFIS) and debt certificates (certificados bursátiles or CEBURES) established by Fibra MTY, an investment trust vehicle under Mexican law dedicated to the acquisition, development and administration of corporate real estate, for up to MXN 20 billion in the Mexican market; and the first global offering of CBFIS consisting of a public primary offering in Mexico and a limited private offering in the US for an amount of MXN 3.45 billion.
• Montepío Luz Saviñón, a Mexican non-profit institution that operates as pawnbroker, on the registration of its revolving short-term debt certificates program for an amount of up to MXN 500 million (approximately US$25 million) and its listing with the Mexican Stock Exchange.
• Mac Health, a Mexican company that currently owns and manages 20 hospitals in Mexico, in a strategic alliance with the global private equity fund General Atlantic, in the share capital of MAC Health and in the establishment of its first debt issuance program for up to MXN 1.5 billion and in its first issuance under such program.
• Nelo, a Mexico-based peer-to-peer payment company, on the structuring of a secured financing subject to New York law granted to Nelo by certain entities of Victory Park Capital, for an amount of up to US$100 million and on several regulatory and compliance matters regarding its operations in Mexico.
• Comisión Federal de Electricidad (CFE) as special Mexican counsel in the issuance of its 4.05 percent notes due 2050 (the Formosa Bond), for an amount of US$900 million; ii) on the listing on the International Quotation System (SIC) of the Mexican Stock Exchange (BMV) of the CFE's US$615 million offering of its 5.00 percent notes due 2049 listed in the Taipei Exchange and the Luxembourg Stock Exchange; iii) on the listing on the International Quotation System (SIC) of the Mexican Stock Exchange (BMV) of CFE's US$750 million offering of its 5.15 percent notes due 2047 listed in the Taipei Exchange; iv) in the reopening of its first and second issuances (CFE 17 and CFE 17-2), and the third issuance (CFE 17U) of CFE's debt certificates (certificados bursátiles) under its MXN 100 billion program as recurrent issuer registered in Mexico Juan Antonio also represented CFE in the seventh issuance (CFE 15) and the first reopening of the sixth issuance (CFE 14-2) of CFE's debt certificates (certificados bursátiles) under said program; and in a landmark consent solicitation offer to bondholders related to three debt programs sponsored by CFE. This was the first consent solicitation offer of its type in the Mexican market.
• Braskem Idesa, a leading global petrochemical company, on its inaugural offering of US$900 million aggregate principal amount of 7.450 percent notes due 2029 guaranteed.
• FinÚtil and Comfu, (acting together with FinÚtil, ConCrédito), a Mexican financial, in the authorization in Mexico of their third MXN 3 billion trust certificates program and in their inaugural issuance under the program in the Mexican market.
• Aerovías de México (Aeroméxico), Mexico's flagship airline in the securitization of collection rights derived from airline ticket sales paid through credit cards and processed by BBVA, Banorte, Citibanamex and Santander (as acquirer). We represented Aeroméxico in the registration of an issuance program of trust debt certificates (certificados bursátiles fiduciarios) for a maximum amount of MXN 7 billion (approximately US$363.7 million). He also represented Aeroméxico, as originator in the issuance by an SPV of MXN 1.5 billion peso-denominated senior trust bonds listed on the Mexican Stock Exchange. The first issuance and its first reopening were made under a MXN 5 billion CEBURES program and was backed by cash flows from credit card receivables derived from ticket sales through Aeroméxico's offices and agencies in Mexico.
• VivaAerobús on the registration of its new program of short-term debt certificates (Certificados Bursátiles de Corto Plazo) as revolving issuer, for a five-year period. The amount of the program is up to MXN 1 billion publicly offered in the Mexican securities market. He also represented VivaAerobús in its first and second program issuances.
• Scotiabank, Citibanamex, Santander and Actinver as underwriters in the approval and registration of an issuance program of trust debt certificates (certificados bursátiles fiduciarios) for an amount of MXN 10 billion and the first and second issuances under the program issued by CI Banco as trustee by means of securitization of loan and lease agreements of Engencap Holding, Engencap and Engencap Fin.
• Ficein Unión de Crédito, the second-largest credit union in Mexico, in its second securitization in the Mexican market. The amount of the offering was MXN 300 million.
• Scotiabank Inverlat (Scotiabank), the Mexican subsidiary of the Bank of Nova Scotia, in the registration and approval of an issuance of MXN 50 billion under which Scotiabank may carry out multiple placings of structured notes (bonos bancarios estructurados).
• Deutsche Bank in the divestment of its Mexican distressed mortgage loan business, which involved the sale to Alsis Funds of 100 percent of its equity interests in three Mexican entities.
• Kandeo Fund, a private equity firm investing mainly in financial institutions that are not catered to efficiently or effectively by traditional financial institutions in Colombia, Mexico and Peru, in the acquisition of 40 percent of Exitus Capital.
• Banco J.P. Morgan, (the Mexican bank subsidiary of JP Morgan) in the authorization of its local Structured Equity Notes Program and its first issuance of warrants in the Mexican market by JP Morgan.
• Export Development Canada (EDC), in the authorization of the II program of short-term debt certificates by the Mexican National Banking and Securities Commission, for an amount up to MXN 6 billion.

In recent financing operations Juan Antonio has represented:

• TCEnergy on a US$2.6 billion senior term and revolving facility to its Mexican subsidiary TC Energy de México. The facility is guaranteed by three Mexican affiliates. This matter was awarded as "Latin America Oil & Gas Deal of the Year 2022" by IJGlobal.
• 7 Bridges Capital Partners, a leading real estate investor in Latin America and its private equity sponsor, on the acquisition and acquisition financing of a portfolio of 40 industrial properties located throughout Mexico.
• Braskem Idesa On the refinancing of its US$1.35 billion project finance loans. This matter was awarded as "Latin America Petrochemicals Deal of the Year 2022" by IJGlobal.
• Infraestructura Marina del Golfo to obtain a US$1.56 billion senior unsecured term loan financing for its natural gas pipeline Sur de Texas-Tuxpan.
• BBVA Mexico, as sole bookrunner, lead arranger, agent, collateral agent and lender, in a US$60 million secured syndicated loan facility for Grupo Walworth's refinancing of multiple bilateral loans.
• Citibank, Morgan Stanley, Goldman Sachs and HSBC as joint lead arrangers and lenders on the senior unsecured term loan to Nubank, one of the largest financial institutions in Latin America and one of the fastest growing fintech companies in the world. The financing involved a three-year credit line in Mexican and Colombian pesos, in a total amount equivalent to US$650 million.
• Bank of Nova Scotia, and Scotiabank Inverlat, on four facilities granted to investment vehicles managed by PGIM Real Estate, the real estate investment business of Prudential Financial, the leading US-based global financial services firm, for an aggregate amount of circa US$250 million.
• Deutsche Bank as lender and administrative agent, on the refinancing of a US$1.1 billion term loan and a US$225 million revolving facility granted to Playa Resorts Holding.
• Citibanamex as administrative agent (thorough its trust division) and as lead arranger and lender in a US$240 million unsecured syndicated credit facility granted to Ragasa Industrias.
• DB Invest on an up to MXN 1.3 billion limited recourse financing for Konfio, a fintech company based in Mexico.
• Citibanamex on the negotiation and structuring of a securitisation of eligible auto loans originated by GM Financial de México, with the obligation of Citibanamex to fund notes for an amount of up to MXN 11 billion.
• Banco Santander (Brasil) on the preparation, execution and delivery of a joint and several liability agreement, among all of the Mexican affiliates of Cinépolis as joint and several obligors, and Cinépolis Operadora de Cinemas do Brasil as the principal obligor, in favor of Santander Brazil, as a guarantee for a bond granted by Santander Brazil in favor of Banco do Nordeste de Brasil as lender for an amount due under a loan granted to Cinépolis Brazil as debtor.
• The Bank of Nova Scotia as lead arranger, lender and administrative agent on a US$200 million term loan and revolving facilities to Corporación Inmobiliaria Vesta.
• Inversionistas en Autotransportes Mexicanos (IAMSA), as borrower, in a term loan granted by Banco Nacional de Comercio Exterior, for an amount of MXN 1,834 million.