Christie Garcia is an associate in the Firm's Capital Markets group in Miami.
Christie's practice includes representing investment banks and issuers on a range of cross-border capital markets transactions, including SEC registered public offerings, Rule 144A/Reg S offerings, High Yield transactions and other public and private financings.
Represented JetBlue Airways Corporation in connection with its US$3.5 billion senior secured bridge loan commitment in support of its acquisition of Spirit Airlines, the Florida-based ultra-low cost carrier. The lead arrangers of the bridge loan commitments are Goldman Sachs Bank and Bank of America. Spirit had previously agreed to be acquired by Frontier Airlines when JetBlue made an unsolicited "topping bid" which was initially rejected by Spirit's board. This necessitated JetBlue taking the unconventional approach of launching a hostile tender offer in order to make its offer available directly to Spirit's shareholders, which led to Frontier's offer being rejected by Spirit's shareholders and eventual acceptance by Spirit's board of JetBlue's offer. The hostile tender offer was fully backstopped by a bridge loan commitment by the banks, which was also negotiated by the Firm.
Represented Oi S.A., a Brazilian telecommunications company, in connection with the Company's continued implementation of its strategic reorganization plan, including the sale of its Mobile UPI assets. The Company used a portion of the proceeds of the sale of its Mobile UPI assets to conduct a tender offer (the "Tender Offer") to purchase for cash any and all of its outstanding 8.750% Senior Secured Notes due 2026 (the "Notes") in accordance with, and in satisfaction of its obligations under the indenture governing the Notes. The Company accepted for purchase U.S.$868,643,000 in aggregate principal amount of the Notes, representing approximately 98.71% of the aggregate outstanding principal amount of the Notes. Christie also represented Oi Móvel S.A., as issuer, and Oi S.A., as guarantor, in a Rule 144A/Regulation S issuance of 8.750% senior secured notes due 2026, in an aggregate principal amount of US$880 million.
Represented JBS USA Lux S.A., JBS USA Food Company and JBS USA Finance, Inc., indirect wholly-owned subsidiaries of JBS S.A., one of the world's largest beef, pork, chicken and packaged food processing companies, as issuers, in their offering of two series of unsecured notes in an aggregate principal amount of US$1.5 billion. These notes consist of US$600.0 million aggregate principal amount of 3.000% Senior Notes due 2029 and US$900.0 million aggregate principal amount of 4.375% Senior Notes due 2052. JBS USA used the net proceeds from this offering to pay the redemption price in connection with the redemption of JBS USA Food Company's 5.750% Senior Notes due 2028 and the remaining proceeds for general corporate purposes. Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, Rabo Securities USA, Inc., Truist Securities, Inc., Regions Securities LLC and Santander Investment Securities acted as initial purchasers.
Represented Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Capital Markets Inc., and Nu Invest Corretora de Valores S.A., as joint global coordinators, Allen & Company LLC, HSBC Securities (USA) Inc., and UBS Securities LLC, as joint-bookrunners, and KeyBanc Capital Markets Inc., Nomura Securities International, Inc., Nau Securities Limited, Numis Securities Inc., Sanford C. Bernstein & Co., LLC and Susquehanna Financial Group, LLLP, as co-managers (collectively, the "underwriters"), on the initial public offering and listing of Class A ordinary shares on the New York Stock Exchange and Brazilian depositary receipts ("BDRs") on the B3 in Nu Holdings Ltd ("Nu"). Nu is one of the world's largest digital banking platforms and one of the leading technology companies in the world. Nu is known as a "challenger bank" which is disrupting the Latin American financial ecosystem and traditional model of financial institutions. Nu currently operates in Brazil, Mexico and Colombia.. At the offer price, Nu had a market capitalization of approximately US$50 billion, making it the most valuable listed financial institution in Latin America. This was the largest IPO by a Brazilian company since 2017 and the largest IPO by a Latin American company in 2021.
Represented Alfa Desarrollo, a consortium controlled by APG Energy and Infra Investments, and Celeo Redes, as borrower and issuer, on the structuring and closing of the senior secured financing for the US$1.3 billion acquisition of Colbún Transmisión.
Represented U.S.J Açúcar e Álcool S.A. (the "Company") a leading sugar and ethanol producer in the Center-South region of Brazil, in connection with its solicitation of recovery elections (the "Election Solicitation") from the holders of the 9.875% Senior Notes due 2019, 9.875%/12.00% Senior Secured PIK Toggle Notes due 2021 and 9.875%/10.500% Senior Secured PIK Toggle Notes due 2023 issued by the Company (the "Notes") for the purpose of allowing the holders to make a recovery election for the payment of their respective Notes in connection with the Company's judicial restructuring plan (the "RJ Plan").
Advising Cabot Credit Management in its issuance of €280,000,000 senior secured notes due 2021.
Advising Svenska Handelsbanken with its $15m USCP Program and 20b USMTN Program.
Counsel to issuers, investors and placement agents in private placements, including PIPEs.