John Vetterli

Partner, New York

Biography

John Vetterli is widely recognized for his considerable expertise in the capital markets arena, with one client saying: “The “excellent” John Vetterli comes highly recommended for his ability to navigate complex capital markets transactions. He is adept at handling equity and debt offerings on behalf of both issuers and underwriters.”
Chambers USA, 2021

Overview

John leads the Firm's Global Capital Markets Practice. He represents issuers, underwriters and other market participants in the full range of debt and equity capital markets transactions, including public offerings, 144A and Regulation S offerings, private placements and liability management. He also counsels foreign and domestic issuers on corporate advisory and compliance issues, including those related to SEC regulations, Sarbanes-Oxley legislation and disclosure obligations. John is also active in structured finance and private equity transactions. He is fluent in Portuguese, Spanish and English.

John is ranked as a Leading Lawyer by The Legal 500 Latin America: International Firms, Capital Markets and Chambers Latin America: Capital Markets. He is also ranked as a Foreign Expert for Latin America Capital Markets: Debt & Equity by Chambers Global. John was also recently named BTI M&A Client Service All-Star 2021 for M&A.

Bars and Courts
New York State Bar
Education
JD
University of Southern California
Gould School of Law
BA
Brigham Young University
Languages
Portuguese
Spanish

Experience

Rutas 2 and 7 Finance Limited (Paraguay)
Representation of the sponsors in the largest private investment in the history of Paraguay to date and Paraguay's first public-private partnership (PPP), Rutas 2 and 7 Finance Limited's US$458 million zero coupon Rule 144A/Regulation S bond, relating to the design, construction, operation and maintenance of the 2 and 7 Road Project in Paraguay.

CELSE gas-fired power generation project and related LNG facility
Representation of Goldman Sachs & Co. LLC in the structuring of the financing for the design, construction and operation of Centrais Elétricas de Sergipe S.A.'s 1,516 MW thermoelectric power plant and related liquefied natural gas receiving and gas transportation infrastructure in Brazil. The transaction was named "Best Bond," "Best Infrastructure Financing Brazil," and "Financing Innovation of the Year" by LatinFinance, "Project Finance Deal of the Year" by IFLR Americas Awards, "Latin American Power Deal of the Year" by IJGlobal, "Americas LatAm Power Deal of the Year" by Project Finance International, "Latin America Project Finance Deal of the Year" by Bonds & Loans.

StoneCo US$1.4 billion US IPO and US$790 million follow-on offering
Representation of joint lead global coordinators and bookrunners on the US$1.4 billion registered initial public offering on NASDAQ of Class A common shares of StoneCo Ltd, a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. John also represented the underwriters on the subsequent US$790 million public follow-on offering

Caixa Econômica Federal's US$1.9 billion global offering of Petrobras shares
Representation of the global coordinators and joint bookrunners in connection with Caixa Econômica Federal's secondary offering of its 3.24% stake in Petróleo Brasileiro S.A. – Petrobras, one of the world's largest integrated oil and gas companies, raising approximately US$1.9 billion for the selling shareholder.

US$1.1 billion Banorte notes offering
Representation of Banco Mercantil del Norte (Cayman Islands Branch) in connection with its offering of US$600 million 6.750% Perpetual 5-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital Notes and US$500 million 7.500% Perpetual 10-Year Callable Subordinated Non-Preferred Non-Cumulative Tier 1 Capital Notes.

Aggregate US$4.0 billion private placements, US$2.1 billion Green Bond offerings and a US$2.8 billion merger and IPO for AVANGRID
Representation of AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company with approximately US$38 billion in assets and operations in 24 U.S. states , as issuer, in concurrent private placements of common stock to Spain's Iberdrola, S.A., Avangrid's majority shareholder and a worldwide leader in the energy industry, and to a wholly owned subsidiary of Qatar Investment Authority. Representation of AVANGRID as issuer in connection with its registered Green Bond offerings of US$750 million 3.200% notes due 2025, US$750 3.800% notes due 2029, and US$600 million 3.150% Notes due 2024. The 2029 Green Bonds offering was named one of four "North American Green/SRI Bond Deals of the Year" at GlobalCapital's Sustainable and Responsible Capital Markets Awards. Earlier, John advised AVANGRID in its SEC-registered IPO of common stock through the US$2.8 billion merger of UIL Holdings Corporation into Green Merger Sub, Inc., a wholly-owned subsidiary of AVANGRID.

Alicorp US$500 million notes offering
Representation of initial purchasers in connection with the offering by Alicorp S.A.A., a leading Latin American producer, distributor and marketer of branded consumer products, of S/1.640 billion aggregate principal amount of 6.875% Senior Notes due 2027, as well as the lenders in connection with the bridge loan financing, the proceeds of which were used to fund Alicorp's purchase of Intradevco, a leading producer and distributor of home and personal care products in the Andean Region.

US$1.1 billion US IPO by Loma Negra
Representation of Loma Negra C.I.A. S.A., the leading cement company in Argentina, as issuer, and the selling shareholder, Loma Negra Holding GmbH, in the US$1.1 billion initial public offering of ordinary shares of Loma Negra and the listing of American Depositary Shares on the New York Stock Exchange. Loma Negra is part of the InterCement group, one of the largest global cement producers.

US$1.8 billion in bond and bank financings for Santiago, Chile's subway system
Representation of Empresa de Transporte de Pasajeros Metro S.A. (Metro), the owner and operator of the subway system in Santiago, Chile, in connection with US$1.8 billion in aggregate value of financings for the construction of new subway lines and improvements on existing lines. The project represents the most significant infrastructure expansion effort in Chile since the inauguration of the Santiago subway. The initial financing was awarded "Best Transport Financing Deal of the Year" by LatinFinance.

Awards and Recognition

BTI M&A Client Service All-Star 2021 for M&A, The BTI Consulting Group, Inc., 2021 Leading

Individual, Capital Markets, The Legal 500 Latin America, 2021

Leading Lawyer, Capital Markets, Chambers Latin America, 2022

Foreign Expert for Latin America, Capital Markets: Debt & Equity in USA, Chambers Global 2021