John Vetterli | White & Case LLP International Law Firm, Global Law Practice
John Vetterli
John Vetterli

John Vetterli

Partner, New York, São Paulo

T +1 212 819 8200

T +55 11 3147 5615

E jvetterli@whitecase.com

in LinkedIn profile

According to sources, John Vetterli is “very versatile and able to work within many jurisdictions and with different types of issuers.” He has worked on a number of significant debt and equity transactions throughout the region.

Chambers Latin America 2016

Overview

John represents issuers, underwriters and other market participants in the full range of debt and equity capital markets transactions, including public offerings, 144A and Regulation S offerings, private placements and liability management. He also counsels foreign and domestic issuers on corporate advisory and compliance issues, including those related to SEC regulations, Sarbanes-Oxley legislation and disclosure obligations.

John is also active in structured finance and private equity transactions. He was resident in our São Paulo office from 2010-2013 and is fluent in Portuguese, Spanish and English.

Bars and Courts

  • New York State Bar

Education

  • JD, University of Southern California, Gould School of Law
  • BA, Brigham Young University

Languages

  • English
  • Portuguese
  • Spanish

Experience

First international hybrid bond issued by a Colombian corporate, 2015

John represented Colombia Telecomunicaciones S.A. ESP, a subsidiary of Telefónica S.A., as issuer, in its international offer and sale of US$750 million 5.375% senior notes due 2022 – this transaction was awarded "Corporate Finance Deal of the Year 2012" by Latin Lawyer; and in the offering of its US$500 million subordinated perpetual notes, the first international hybrid bond issued by a Colombian corporate issuer – this transaction was awarded "High-Yield Bond of the Year 2015" by LatinFinance.

US$1.3 billion bank and bond financing for subway system in Santiago, Chile, 2015

John represented Empresa de Transporte de Pasajeros Metro S.A. (Metro), the state-owned owner and operator of the subway system in Santiago, Chile, in connection with the US$1.3 billion agency, bank and bond financing for the construction of new subway lines and improvements on existing lines. The project represents the most significant infrastructure expansion effort in Chile since the inauguration of the Santiago subway.  This project was awarded "Best Transport Financing Deal of the Year 2015" by LatinFinance.

Bookrunner representation for Colombian airline IPO and bond offerings, 2013 and 2014

John represented J.P. Morgan and Citigroup as global coordinators and joint bookrunners in the US$409 million registered initial public offering (IPO) on the NYSE of American Depositary Shares of Avianca Holdings S.A. Avianca is a leading airline in Latin America, with headquarters in Bogotá, Colombia. John provided further representation to the two banks as joint bookrunners in the offer and sale by Avianca of US$300 million 8.375% senior notes due 2020, as well as in a US$250 million re-opening of this issuance.

South American oil and gas company IPO, 2014

For joint bookrunners J.P. Morgan, BTG Pactual and Banco Itaú BBA, John acted in the SEC-registered initial equity offering on the NYSE by Geopark Limited. Geopark is a South American oil and natural gas exploration and production company with operations in Chile, Colombia and Brazil.

Senior notes offering and tender offer by Mexican microfinance lender, 2014

John acted for issuer Financiera Independencia (Findep) in its Rule144A and Regulation S high yield offer and sale of US$200 million 7.50% senior notes due 2019. He also represented the company in its concurrent tender offer for 10.0% senior notes due 2015. Findep provides microcredit loans to low-income individuals and groups, primarily in Mexico. It also has operations in Brazil and California.

US$2.56 billion international equity follow-on offering by Mexican bank, 2013

Representing Grupo Financiero Banorte S.A.B. de C.V. (GFNorte), the third-largest financial services group in Mexico, John acted on its US$2.56 billion international equity follow-on offering.

Offshore drilling notes offer and sale, 2013

John represented Citigroup and Credit Suisse as global coordinators, and Deutsche Bank and Santander as bookrunners, in the offer and sale of US$950 million 8.375% senior secured notes due 2020 by Offshore Drilling Holding S.A. The company owns and operates a fleet of state-of-the-art offshore drilling units and is controlled by Mexico's Grupo R.

Corporate finance deal of the year, 2012

John advised issuer Colombia Telecomunicaciones S.A. ESP, a subsidiary of Telefónica S.A., on its international offer and sale of US$750 million 5.375% senior notes due 2022. This transaction was awarded Corporate Finance Deal of the Year 2012 by Latin Lawyer.

Protein company notes offer and sale, 2012

Representing issuer JBS USA LLC, a subsidiary of JBS S.A., the world's largest protein company, John acted on its 2012 offer and sale of US$700 million 8.25% notes due 2020. He also acted for JBS S.A., as issuer, in its R$1.6 billion (US$919 million) follow-on international equity offering on the Novo Mercado segment of the São Paulo Stock Exchange.

National power and telecoms company offer and sale, 2011

John represented Instituto Costarricense de Electricidad (ICE), the national electric power and telecommunications company of Costa Rica, in its inaugural Rule 144A and Regulation S offer and sale in 2011 of US$250 million 6.95% senior notes due 2021. He also acted on its subsequent US$250 million re-opening of the notes.

Crude oil pipeline and port operator bond, 2014

John represented Oleoducto Central S.A., owner and operator of Colombia's largest crude oil pipeline (the Ocensa Pipeline) and operator of Colombia's primary crude oil export facility (the Port of Coveñas) on its inaugural Rule 144A and Regulation S offer and sale of US$500.0 million 4.000% senior unsecured notes due 2021. Oleoducto Central S.A. is indirectly owned by Ecopetrol S.A., Colombia's national oil and gas company.

Speaking Engagements

John moderated a panel on "A volatile world: how commodity prices and currency instability affect restructurings" as part of a Latin Lawyer’s annual GRR Restructuring Summit, June 2016, New York.

John spoke as part of a roundtable at an Americas Society event focused on Brazil's Infrastructure Funding Gap, October 2015, New York.

John spoke on public and private equity offerings at a private conference attended by executives from companies throughout Latin America, which are candidates for cross-border equity offerings in the coming years, August 2014, New York.

John spoke at the 1st and 2nd annual NYSE Equity Offering workshop sponsored by White & Case, BTG Pactual and NYSE, May 2014 (Bogotá, Medellín and Lima) and May 2015 (Lima).

Awards & Recognition

Leading Lawyer (Band 2), Chambers Latin America 2014

Capital Markets: International Counsel – Brazil

Leading Lawyer, Chambers Latin America, Chambers Global 2014

Capital Markets – Latin America-wide

Leading Lawyer, Chambers Global 2014

Corporate: International – Brazil

Chambers Latin America 2015

"John Vetterli is a "strong and versatile lawyer," according to sources who continue to endorse his practice which is centred on debt and equity offerings as well as structured finance and private equity transactions."

Recommended Lawyer, The Legal 500 Latin America, 2014

Capital Markets: International Law Firms

The Legal 500 Latin America 2014

"John Vetterli … is 'very knowledgeable in capital markets work in the Latin American region, and is also a very personable lawyer who is able to grasp quickly the business needs of his clients and provide invaluable inputs efficiently.'"