Juan Antonio Martín | White & Case LLP International Law Firm, Global Law Practice
Juan Antonio Martin
Juan Antonio Martin

Juan Antonio Martín

Partner, Mexico City

T +52 55 5540 9618

T +52 55 5540 9600

E jamartin@whitecase.com

in LinkedIn profile

“Partner Juan Antonio Martín has broad expertise in structured finance work and is described by sources as ‘a proactive, responsive and insightful lawyer.’”

Chambers Latin America – Banking and Finance, 2014

Overview

Widely recognized as one of the top 10 capital markets and banking and finance lawyers in Mexico, Juan Antonio Martín supports clients with securities, local and cross-border financings, securitizations, debt restructurings, derivatives, state and municipal finance, private equity and project finance. His reputation is based on an extensive track record that includes a number of landmark deals, noted for their pioneering and innovative aspects.

Major domestic and international issuers and underwriters rely on Juan Antonio's skill to tackle the complexities of securities transactions. He delivers insight and rigor to lenders and borrowers in local and multijurisdictional debt and equity financings, and offers the benefit of his significant experience in mergers and acquisitions and public tender offers. Juan Antonio has also recently participated in a number of complex restructurings, representing the creditors in high-profile bankruptcies of companies operating in the construction sector.

Juan Antonio's knowledge and experience has attracted a client portfolio that includes a number of leading domestic and international banks. He has represented Citigroup, Banamex-Accival, Morgan Stanley, Scotiabank, Actinver and Santander in securities offerings and/ or financings. He also regularly advises major local and foreign issuers such as CFE, Aeroméxico, Financiera Independencia, Export Development Canada, Molymet and BCI.

Prior to joining White & Case, Juan Antonio gained valuable international experience working in the New York office of another global law Firm. He also worked for a number of years at the Mexican Central Bank (Banco de México), where he was closely involved in the legal implementation of programs related to the bailout of the Mexican financial system.

Bars and Courts

  • Authorized to practice law in Mexico
  • New York State Bar

Education

  • LLM, International Banking and Financial Law, Boston University School of Law
  • Attorney at Law (Abogado), Instituto Tecnológico Autónomo de México

Languages

  • English
  • Spanish

Experience

MXN 10 Billion Debt Certificate Issuances by Comisión Federal de Electricidad, 2015

Juan Antonio acted as deal counsel for Comisión Federal de Electricidad (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 its MXN 100 billion (approximately US$6.5 billion) program as recurrent issuer registered in Mexico and authorized by Mexico’s National Banking and Securities Commission (CNBV). The aggregate amount of both issuances was MXN 10 billion (approximately US$650 million). The certificados bursátiles were fully registered with the CNBV and listed on the Mexican Stock Exchange.

Banco J.P. Morgan, S.A. Local Structured Equity Notes Program 2015

Juan Antonio represented Banco J.P. Morgan, S.A. (the Mexican bank subsidiary of JP Morgan) in the authorization of their local Structured Equity Notes Program and their first issuance of warrants in the Mexican market by JP Morgan. The first issuance for an amount of MXN 30 million (approximately US$2 million) was linked to the EURO STOXX 50 Index. The securities are registered with the National Banking and Securities Commission and listed on the Mexican Stock Exchange and are registered in Mexico.

Export Development Canada MXN 6 Billion Debt Certificate Program, 2015

Juan Antonio represented Export Development Canada (EDC), Canada's export credit agency, a Crown corporation of the Government of Canada, 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 (approximately US$400 million)—twice the amount of the previous program—and in the first issuance under the program. The securities are rated locally "mxA-1+" by Standard & Poor’s and "MX-1" by Moody's, the highest ratings for short-term issuances in the Mexican scale. Scotia Inverlat acted as lead underwriter.

Aeromexico, 2013–2014

Juan Antonio represented Aeromexico, Mexico's flagship airline, as originator in the issuance by an SPV of MXN 1.5 billion peso-denominated senior trust bonds (around US$115.3 million), listed on the Mexican Stock Exchange. The first issuance and its first reopening were made under a MXN 5 billion (around US$384.4 million) CEBURES program and was backed by cash flows from credit card receivables derived from ticket sales through Aeromexico's offices and agencies in Mexico. The proceeds of the issuance were used by Aeromexico to strengthen its liquidity position and to replace debt. This unique deal structure involved a novel asset class, and demonstrates how the Firm's depth of experience of all areas of structured finance is a valuable asset to clients.

Pinebridge Investments 'Mexican Fund of Funds CKD', 2012

Juan Antonio represented PineBridge Investments LLC and its subsidiary PineBridge Investments de México, S. de R.L. de C.V., in a pioneering MXN 2.68 billion (around US$250 million) public offering in Mexico of CKDs (certificados bursátiles de capital de desarrollo) issued by a 'fund of funds' in the form of a trust. This was the first ever "fund of funds" CKD structure in Mexico, as well as the first CKD with capital calls mechanics to make a reopening, and included innovative features such as a capital-call mechanism, which was new to the Mexican public securities market. The approval process required the adaptation of several private equity mechanisms used globally to the Mexican market, and also involved complex negotiations with regulators in Mexico. The proceeds will be invested in private equity funds focused on Mexican companies/projects.

Comisión Federal de Electricidad (CFE) Consent Solicitation Offer, 2014

Juan Antonio represented Comisión Federal de Electricidad (CFE), the national electricity company of Mexico, 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. A consent solicitation fee of 15 basis points was offered to the holders to obtain their consent to amend a covenant in the underlying financing documents to adjust certain provisions relating to the Mexican Energy Reform. The covenant was approved in all of the 14 outstanding series under the three debt programmes. The implementation of this new consent solicitation required extensive negotiation with holders, custodians, common representatives, Indeval and the Mexican Stock Exchange.

Awards & Recognition

Notable Practitioner: Capital Markets – Mexico, Chambers Global 2014

Notable Practitioner: Banking & Finance – Mexico, Chambers Global 2014

Notable Practitioner: Banking & Finance – Mexico, Chambers Latin America 2014

Ranked Individual: Capital Markets – Mexico, The Legal 500 Mexico 2013