Joan Martinez is an associate in the Project Development and Finance Practice in the New York office. Her practice involves a range of project finance, asset finance and other corporate transactions. She advises lenders, borrowers and project sponsors on the development and financing of major energy and infrastructure projects and transportation assets.
Joan has also worked in the Tokyo office of White & Case.
Representation of the lenders (including seven export credit agencies) in connection with the landmark US$20 billion project financing of Mozambique's first onshore LNG development, Mozambique LNG, the largest foreign direct investment in Africa. This deal was awarded "Global Multilateral Deal of the Year" by PFI 2020.
Representation of Calpine Corporation in the US$250 million refinancing of its credit facilities with respect to the Otay Mesa Energy Center, a nominal approximately 600 MW natural gas-fired power generation facility located in San Diego County, California.
Representation of EIG Global Energy Partners in its US$295 million preferred equity investment in Limetree Bay Ventures, LLC, a holding company for entities that own a refinery and an oil storage terminal in St. Croix, U.S. Virgin Islands. Proceeds of the investment and a simultaneous senior debt financing at the refinery level will be used to modernize and restart the refinery.
Representation of ACS Infrastructure Development, Balfour Beatty Investments, Bombardier Transportation, Fluor Corporation and Hochtief PPP Solutions in their bid for and financial close of the Automated People Mover project of the LAX Landside Access Modernization Program. The project involves six rail stations connecting new rental car, airport parking and Metro facilities to the airline terminals, as well as three stations in the Central Terminal Area. The financing consisted of a combined bank bond structure with US$1.2 billion of private activity bonds, which were rated investment grade by Fitch combined with a US$270 million, five-year construction facility provided by commercial banks.
Representation of Abu Dhabi Crude Oil Pipeline LLP, a wholly owned subsidiary of Abu Dhabi National Oil Company (ADNOC), on the inaugural issuance of US$3 billion senior secured bonds. The Rule 144A/Regulation S bonds were the first capital markets issuance by the ADNOC group and part of ADNOC's program to monetize its mid-stream assets. The bond issuance was also one of the largest non-sovereign bond issuances in history in the Middle East.
Representation of ING Capital LLC as loan agent and lender in connection with the aircraft non-payment insurance (ANPI) financings of Boeing aircraft for a Korean airline and a Bermudan aircraft-leasing company. The transactions were the first time commercial insurance was used as an alternative to a guarantee from the Export-Import Bank of the United States and the first cargo aircraft to be financed with ANPI Support.