Grétel Martínez

Associate, Miami

Biography

Overview

Grétel is an associate in White & Case's Energy, Infrastructure, Project and Asset Finance Practice. She represents sponsors, lenders and other investors in complex, and oftentimes cutting-edge, project finance transactions in Latin America and the United States, with a particular focus on infrastructure and public-private partnerships (P3s). Her prior financing experience includes bank, private placement, tax-exempt capital market and Transportation Infrastructure Finance and Innovation Act (TIFIA) financings. 

Grétel's practice spans a broad spectrum of energy and infrastructure assets, and her experience covers both greenfield and brownfield project finance transactions.

Bars and Courts
New York State Bar
Florida State Bar
Education
BA
Emory University
JD
Harvard Law School
Languages
English
Spanish

Experience

Representing KfW IPEX-Bank GmbH and KfW on the long-term portfolio financing for the development and construction of the Chubut Norte III & IV wind farms being developed by Genneia S.A. in the Chubut province of Argentina. Pan American Energy acts as co-investor. The financing involves a non-recourse loan facility extended by KfW to Genneia Vientos Patagónicos S.A. and Genneia Vientos Sudamericanos S.A., which is backed by Euler Hermes cover (the German export credit agency).

Representing 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 a 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. This was the largest private investment in the history of Paraguay to date and Paraguay's first public-private partnership (PPP).

Representing DP World in connection with the approximately US$355 million project financing of the Posorja Port Project, a greenfield deep water seaport in Ecuador. The financing is being extended by IDB Invest, Proparco and DEG. The deal was awarded 2019 "Deal of the Year—Project Finance (Infrastructure)" by Latin Lawyer.

Representing the bidding consortium consisting of ACS Infrastructure Development, AECOM Capital and John Laing in connection with the construction and development of the Consolidated Rent-a-Car Facility to serve the Los Angeles International Airport. 

Representing leading Peruvian maritime, port and terminal company in issuance of unsecured private placement notes, which represented the company's inaugural issuance in the international debt capital markets, to, among other things, refinance a project finance loan. 

Advising the District of Columbia Office of Public-Private Partnerships on its procurement of a design-build-finance-operate-maintain concession for the conversion of the District of Columbia’s street light network to LED technology and the deployment of smart city technology.* 

Representing a sponsor consortium in its bid for the Fargo-Moorhead Metropolitan Area Flood Risk Management Project (Diversion Channel and Associated Infrastructure) in North Dakota, to be procured as a DBFOM P3.* 

Acting as counsel to major electric utility on its bid for the unprecedented $1.165 billion opportunity to manage the on-campus energy and utility systems of The Ohio State University.* 

Acting as project counsel to a sponsor consortium in all aspects of the bid, commercial close and financial close for the $1.06 billion SH 288 Toll Lanes Project in Harris County, Texas, consisting in the construction, financing, operation, and maintenance of tolled lanes, general purpose lanes, and associated facilities along an approximately 10.3-mile segment of SH 288 from U.S. 59 to the Harris County line at Clear Creek in Harris County.* 

Representing company in its $827-million private-placement notes issuance to refinance senior bank debt on the approximately $1.80 billion Interstate 595 corridor project in Broward County, Florida. The transaction was one of the first refinancings of a greenfield P3 project in the United States and one of the first P3s to be refinanced in the private placement market.* 

Representing senior lenders and export credit agencies on approximately $4.4 billion financing for an LNG liquefaction project near Freeport, Texas (awarded 2014 "Deal of the Year—Americas" by Project Finance International, 2014 "Americas Award for North American Oil & Gas and Global Overall" by Infrastructure Journal, and 2015 "Global Finance Deal of the Year: Project Finance" by The American Lawyer).* 

Representing private equity fund in its acquisition of interests from Exelon Corporation, the Chicago-based electric utility company, in the 1,711-MW coal-fired Keystone Electric Generating Station and 1,711-MW coal-fired Conemaugh Electric Generating Station, located in Shelocta, Pennsylvania and New Florence, Pennsylvania, respectively.* 

Representing a sponsor consortium in its successful bid for the Portsmouth Bypass Project in Ohio. The project consists in the development, construction, financing, operation and maintenance of a 16-mile, four-lane limited access highway from Rt. 23 north of Lucasville to Rt. 52 near Sciotoville, and is the first P3 project undertaken in Ohio.* 

Representing a sponsor consortium in the $2.3 billion I-4 Ultimate Highway Project in Florida.* 

Acting as project counsel to a sponsor consortium in connection with its bid on the $2.4 billion Purple Line Light Rail Project in Maryland.* 

Acting as project counsel to a sponsor consortium in connection with its bid on Project Neon, a P3 roads project in Nevada.* 

* Experience prior to joining White & Case.