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.
Represented FLNG Liquefaction 2 LLC (FLIQ2), a subsidiary of Freeport LNG and IFM Investors, in connection with its private placements of a total of more than US$2.6 billion of investment-grade project bonds pursuant to Rule 144A and Section 4(a)(2). The proceeds of the issuances 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.
Represented Goldman Sachs & Co. LLC in connection with its financing, by way of a private placement pursuant to Section 4(a)(2), of the Panda Temple Energy Center in Texas.
Represented Welltec A/S, an oil and gas exploration services company, as issuer, in its offering of US$340 million in aggregate principal amount of 9.500% Senior Secured Notes due 2022. The proceeds from the offering, together with cash on hand, were used to (i) to repay certain outstanding indebtedness, including to repurchase for cash any and all of Welltec's existing 8% Senior Secured Notes due 2019 through a tender offer, and the satisfaction and discharge and ultimate redemption of all such notes not repurchased in the tender offer and (ii) to pay related fees and expenses. Goldman Sachs International, DNB Markets, Inc. and Credit Suisse Securities (Europe) Limited acted as joint bookrunning managers and initial purchasers for the notes.
Represented the consortium of ACS Infrastructure, Balfour Beatty, Fluor Enterprises, HOCHTIEF and Bombardier in their winning bid for the automated people mover system that is a part of the LAX access modernization program, a portion of which is expected to be financed through Private Activity Bonds.
Represented Nicefield S.A. as borrower and Invenergy LLC in various capacities on the negotiation, execution and closing of an approximately US$140 million project financing. The proceeds of the financing are being applied to refinance existing non-recourse debt incurred by Nicefield S.A. in connection with the development and construction of a wind generation facility with an installed capacity of 70 MW, located in Uruguay. The financing is provided pursuant to an innovative A/B loan structure, which combines traditional bank financing (provided by the Inter-American Investment Corp., the private sector arm of the IDB Group) and the issuance of securities purchased by a group of investors in a private placement under Section 4(a)(2).
After initially representing Jefferies LLC as the lead placement agent and sole structuring agent, acted as designated investors' counsel representing 20 of the world's largest insurance companies and other institutional investors in connection with the multi-currency, 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.
Represented Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, as joint structuring agents and joint lead bookrunners, and Credit Suisse Securities (USA) LLC, as bookrunner, in connection with the public offering and sale of US$420.5 million in aggregate face amount of Spirit Airlines Class AA Pass Through Certificates, Series 2017-1, Class A Pass Through Certificates, Series 2017-1 and Class B Pass Through Certificates, Series 2017-1.
Represented Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC, as joint lead bookrunners, in connection with the public offering and sale of US$312.5 million in aggregate face amount of Delta Air Lines, Inc., Class AA Pass Through Certificates, Series 2015-1, US$69.5 million in aggregate face amount of Delta Air Lines, Inc., Class A Pass Through Certificates, Series 2015-1 and US$118 million in aggregate face amount of Delta Air Lines, Inc., Class B Pass Through Certificates, Series 2015-1.
Represented Waypoint Leasing Holdings Ltd., a helicopter leasing company, in connection with its first private placement (through their subsidiaries Waypoint Asset Funding 8 LLC and Waypoint Asset Co. 8 Limited) of US$125 million 4.41% Series A Guaranteed Senior Secured Notes due 2022, €45 million 2.83625% Series B Guaranteed Senior Secured Notes due 2022 and US$25 million 4.51% Series C Guaranteed Senior Secured Notes due 2022. Goldman Sachs & Co. and SunTrust Robinson Humphrey, Inc. acted as placement agents.
Represented Calpine, a large US power company, for almost a decade in connection with its issuance of billions of US$ in secured and unsecured notes, in both privately placed and SEC registered transactions, with the proceeds being used for various purposes including refinancing of existing debt and to fund acquisitions.