John's practice focuses on a variety of cross-border transactions in Brazil and Latin America, including project, bank and acquisition finance, restructuring and capital markets transactions and mergers & acquisitions.
His track record includes representing financial institutions, international investors and Brazilian companies in project financings, Rule 144A and Regulation S project bond offerings, large syndicated loans, the structuring and restructuring of export prepayment facilities and other financing transactions and debt restructurings, as well as equity and debt capital markets transactions. He also advises on cross-border equity investments, acquisitions and related financings.
John has advised and represented clients in deals spanning some of Brazil's most important sectors, including power, infrastructure, oil and gas, sugar and ethanol and paper and pulp.
Resident of the Firm's São Paulo office since 2000, John has also worked in the Firm's New York office and completed a six-month secondment at GE Commercial Finance Capital Solutions (Equipment Finance Division). He currently serves as the São Paulo Office Executive Partner.
CELSE LNG-to-power project
Representation of Goldman Sachs, IDB Invest and IFC in connection with the structuring of the financing for the design, construction, and operation of a 1,516 MW thermoelectric power plant and related LNG receiving and gas transportation infrastructure in the State of Sergipe, Brazil. Goldman served as global coordinator, sole book-running manager and sole initial purchaser in the offering by a Luxembourg special purpose vehicle of R$3.2 million 9.850% senior secured notes due 2032, and as sole syndication agent, sole lead arranger, sole lead bookrunner and lender in connection with a loan of R$168.5 million to the Lux SPV. The Lux SPV used the proceeds from the notes and the loan to purchase R$3.37 zero withholding tax Brazilian debentures, which were issued by CELSE - Centrais Elétricas de Sergipe S.A., which also received committed loans from IDB Invest and IFC. Swiss Export Risk Insurance insured 95% of the payment obligations by CELSE under the Brazilian Debentures.
Brazilian subsidiary of China Three Gorges Corporation
Representation of the Brazilian subsidiary of China Three Gorges Corporation, a Chinese state owned corporation and one of the world's leading actors in the energy sector, in numerous transactions, including its US$1.2 billion acquisition of Duke Energy Corp.'s Brazilian assets. The assets include eight hydroelectric plants with a combined capacity of 2057 MW located on the border of São Paulo and Paraná states and two smaller hydropower plants with a capacity of 16.5 MW each in northern São Paulo. This acquisition was a component of Duke Energy’s overall Latin America asset sale strategy, which was awarded Cross-Border M&A Deal of the Year 2017 by LatinFinance. John also represented China Three Gorges in connection with the simultaneous sale of one third of the equity interests in Duke Energy Brazil to China Latin America Industrial Cooperation Investment Fund.
Drillship project bonds
The lead arrangers in four project bonds involving Brazilian drillships and drilling rigs operated by Odebrecht Óleo e Gás S.A. (OOG) and Queiroz Galvão Óleo e Gás S.A. (QGOG).
Petrobras syndicated loans
Representation of Petroleo Brasileiro S.A.-Petrobras (Petrobras) and its subsidiary Petrobras Global Trading B.V. (PGT), as borrowers, in a US$4.35 billion revolving credit facility provided by a syndicate of seventeen international banks to PGT and guaranteed by Petrobras. John also represented Petrobras and its subsidiary, Petrobras Netherlands B.V., as borrowers, in a US$1 billion syndicated loan provided to Petrobras Netherlands B.V., which is guaranteed Petrobras and secured by a semi-submersible oil production vessel currently chartered in Brazilian.
Santa Terezinha Group restructuring
Representation of the lender syndicate in the restructuring of US$905 million senior secured debt for the Santa Terezinha Group, a major sugar and ethanol producer in Parana, Brazil. The restructuring was a year-long task involving more than 23 financial institutions, 8 law firms, 2 financial advisor entities and 3 business services provider entities. The firm's role involved counselling the syndicate lenders' restructuring of two syndicated facilities as well as separate facilities for two exiting lenders.
Fibria Celulose S.A. financings
Representation of Fibria Celulose, the world's largest producer of market pulp, and its subsidiaries, in 10 financings raising more than US$5.87 billion since 2009.
Leading Individual, Band 3
International Bank Finance – Brazil, Chambers Latin America, 2018