Mårten Olsson | White & Case LLP International Law Firm, Global Law Practice
Mårten Olsson
Mårten Olsson

Mårten Olsson

Associate, New York

T +1 212 819 8731

E molsson@whitecase.com

Overview

Mårten Olsson is a member of the Energy, Infrastructure, Power and Asset Finance practice group in New York with a broad experience in capital markets-related transactions. Mr. Olsson represents issuers and underwriters in a full range of equity and debt financing transactions, with a primary focus on 4(a)(2) private placements and offerings of high-yield and investment grade debt. His experience includes US registered public offerings, US private offerings under Rule 144A and 4(a)(2), offerings outside the United States under Regulation S and other financing and capital markets transactions, including debt tender offers, consent solicitations and US and non-US exchange listings, as well as disclosure and corporate governance advice to US and non-US public company clients.

Bars and Courts

  • New York State Bar

Education

  • LLM, Georgetown University Law Center
  • Juris kandidat (LLM), University of Stockholm

Languages

  • English
  • German
  • Swedish

Experience

Representation of FLNG Liquefaction 2 LLC (FLIQ2), a subsidiary of Freeport LNG and IFM Investors, in connection with its private placement of US$450 million of investment-grade project bonds pursuant to Section 4(a)(2). The proceeds of the issuance were used to refinance a portion of the US$4.025 billion senior secured loans incurred by FLIQ2 to initially finance the development and construction of the second liquefaction train of the multi-train natural gas liquefaction and LNG export facility being constructed at Quintana Island near Freeport, Texas. The 4.79% senior secured notes due 2038 were rated BBB by both Standard & Poor's and Fitch.

Representation of FLNG Liquefaction 2 LLC (FLIQ2), a subsidiary of Freeport LNG and IFM Investors, in connection with its private placement of US$600 million of investment-grade project bonds pursuant to Section 4(a)(2). The proceeds of the issuance were used to refinance a portion of the US$4.025 billion senior secured loans incurred by FLIQ2 to initially finance the development and construction of the second liquefaction train of the multi-train natural gas liquefaction and LNG export facility being constructed at Quintana Island near Freeport, Texas. The 4.54% senior secured notes due 2038 were rated BBB by both Standard & Poor’s and Fitch.

Representation of FLIQ2 in connection with its private placement of US$1.25 billion of investment-grade project bonds pursuant to Rule 144 and Regulation S. The proceeds of the issuance were used to refinance a portion of the senior secured loans incurred by FLIQ2 to initially finance the development and construction of the second liquefaction train of the multi-train natural gas liquefaction and LNG export facility being constructed at Quintana Island near Freeport, Texas. The 4.125% senior secured notes due 2038 were rated BBB by both Standard & Poor’s and Fitch.

After initially representing Jefferies LLC as the lead placement agent and sole structuring agent, acted as designated investors’ counsel representing twenty of the world’s largest insurance companies and other institutional investors in connection with the multicurrency, multi-tranched refinancing of WindMW, the first operational fully privately financed offshore wind farm in Germany, currently owned by Blackstone. The refinancing consisted of a private placement of WindMW's US$438 million 5.02% Series A senior secured notes due 2027, €88 million 3.59% Series B senior secured notes due 2027, €95 million 2.125% Series C senior secured notes due 2021, €75 million 2.125% Series D senior secured notes due 2021, €139 million 2.125% Series E senior secured notes due 2021, €25 million 2.125% German registered notes due 2021, and €58 million 3.59% German registered notes due 2027, as well as a €92 million senior secured promissory note loan agreement in the form of a German Schuldschein and a €44 million credit facility.

Representation of Citibank and Jefferies, as initial purchasers, in respect of the issuance of private activity bonds to finance Isolux Infrastructure’s winning bid to design, construct, operate and maintain the I‑69 Section 5 Project under a Public-Private Agreement with the Indiana Finance Authority.

Representation of BBVA, BNP Paribas, Crédit Agricole Securities, Banco Santander and Société Générale, as initial purchasers, in connection with the Rule 144A/Regulation S issuances by CE Oaxaca Dos, S. de R.L. de C.V. of US$148 million of 7.25% senior secured notes due 2031 and by CE Oaxaca Cuatro, S. de R.L. de C.V. of US$150 million of 7.25% senior secured notes due 2031. Located near Oaxaca, Mexico, the Oaxaca Dos and Oaxaca Cuatro projects each generate 102 megawatts (MWs) of power. These were the first two project bond offerings for wind farm projects in Mexico. This transaction was selected as "2012 Latin American Project Bond Deal of the Year" by Project Finance magazine.

Representation of Citi, as the initial purchaser, in connection with the tack-on offering and sale of 71⁄2% Senior Secured Notes due 2016 by Sabine Pass LNG, L.P., an indirect subsidiary of Cheniere Energy, Inc., created to develop, own and operate the Sabine Pass LNG receiving terminal in western Cameron Parish, Louisiana on the Sabine Pass Channel.  The proceeds were used primarily to pay construction expenses of cost overruns of the construction, cool down, commissioning and completion of the LNG receiving terminal.

Representation of San Pasqual Casino Development Group, Inc. (a wholly owned, tribally-chartered corporation formed under the law of the San Pasqual Band of Mission Indians), as issuer, in connection with its offer and sale of 8% Senior Notes due 2013.  The proceeds were used primarily to pay for a portion of the construction of a hotel connected to the Valley View Casino.

Representation of Freeport LNG Expansion, L.P. and certain of its subsidiaries in the funding of the third train of the Freeport LNG multi-train natural gas liquefaction and export facility being constructed at Freeport LNG’s existing LNG regasification facility at Quintana Island near Freeport, Texas. Total anticipated project costs for Train 3, including financing costs, exceed US$4.2 billion.

Representation of Citigroup Global Markets Inc. and Jefferies LLC, as the underwriters, in connection with the public offering and sale of US$243.8 million in aggregate principal amount of Indiana Finance Authority Tax-Exempt Private Activity Bonds (I-69 Section 5 Project), Series 2014. The proceeds from the offering were loaned to I-69 Development Partners, an SPV controlled by Isolux Infrastructure Netherlands B.V. and Infra-PSP Canada Inc., to fund the design, upgrade, construction and financing (and, with respect to certain portions, the concurrent and subsequent operation and maintenance) of a road between Bloomington and Martinsville in Indiana.

Representation of JetBlue Airways Corporation in the sale of US$225 million privately placed EETCs, arranged by Citigroup Global Markets Inc. as placement agent. The EETCs are secured by 14 Airbus A320-232 aircraft owned by JetBlue and have the benefit of an 18-month liquidity facility provided by KfW IPEX-Bank GmbH. Proceeds of the offering were used to fund new aircraft deliveries.

Representation of BBVA, BNP Paribas, Crédit Agricole Securities, Banco Santander and Société Générale, as initial purchasers, in the Rule 144A/Regulation S issuances by CE Oaxaca Dos, S. de R.L. de C.V. of US$148 million 7.25% senior secured notes due 2031 and by CE Oaxaca Cuatro, S. de R.L. de C.V. of US$150 million 7.25% senior secured notes due 2031. These were the first two project bond offerings for wind farm projects in Mexico.

Representation of Citigroup Global Markets Inc., as underwriter, in the add-on Rule 144A offering of 7.5% senior secured notes due 2016 by Sabine Pass LNG, L.P., a subsidiary of Cheniere Energy, Inc.