Alex M. HermanAlex M.Herman

Represented Enova International, Inc., a leading financial services company, in connection with an offering of $500 million aggregate principal amount of 9.125% senior notes due 2029 that are guaranteed by certain of Enova’s domestic subsidiaries, a concurrent tender offer for any and all of Enova’s 8.500% senior notes due 2025, consent solicitation to eliminate substantially all of the restrictive covenants in the indenture governing the 2025 notes and a redemption of all 2025 notes that remained outstanding following the consummation of the tender offer and consent solicitation.

Aeropuertos Dominicanos Siglo XXI, S.A. (AERODOM), a subsidiary of VINCI Airports in the issuance of 144A bonds for $500 million and contracted credit facilities for an amount of $440 million.

BBVA Securities Inc, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Natixis Securities Americas LLC, and Santander US Capital Markets LLC as joint bookrunners in connection with Orygen’s issuance of $1.2 billion investment grade 5.746% Senior Notes due 2034. The team also advised the banks as lenders in a connected $100 million term loan credit facility and a $150 million revolving credit facility for growth capex. The proceeds of this multi-tranche financing will be used to repay Actis’s acquisition financing incurred earlier this year to acquire Orygen and to finance future growth of the issuer.

AENZA S.A.A. in the issuance of US$210 million Rule 144A/Regulation S 12.000% senior secured notes due 2029, fully and unconditionally guaranteed by Unna Energia S.A.

EnfraGen in connection with the acquisition and financing of six renewable projects in Panama and Costa Rica, with a combined capacity of 188 MW, from affiliates of Celsia S.A. The renewable power facilities include: (1) Dos Mares Hydro Complex: three run-of-river (“ROR”) downstream hydro plants in Panama totaling 119.0 MW of installed capacity; (2) Prudencia and Divisa: two solar PV plants in Panama totaling 19.7 MW of installed capacity; and (3) Guanacaste Wind Farm: one wind installation located in Costa Rica totaling 49.5 MW of installed capacity, representing EnfraGen’s first wind and Costa Rican asset.

The Republic of Peru with its offers to purchase for cash and/or to exchange certain of Peru’s outstanding sol-denominated sovereign bonds for a new series of sol-denominated sovereign bonds; separate offers to purchase certain of Peru’s outstanding US-dollar denominated global bonds; and the concurrent issuance of an aggregate principal amount of $2.5 billion “new money” 7.300% sol-denominated sovereign bonds due 2033. Together with the bonds issued pursuant to the exchange, Peru issued the equivalent of $4.4 billion aggregate principal amount of 7.300% sol-denominated sovereign bonds due 2033 in the offerings. Certain proceeds from the bonds are intended to be utilized in eligible green and social categories under Peru’s sustainable bond framework.

The Government of Jamaica in connection with Jamaica’s issuance of J$46.6 billion (US$300 million) 9.625% notes due 2030, and a concurrent cash tender offer pursuant to which Jamaica accepted US$237.4 million aggregate principal amount of offers to tender for cash 7.625% notes due in 2025; 9.250% notes due in 2025; 6.750% notes due in 2028 and 9.625% notes due in 2030. This was the Government of Jamaica’s inaugural offering of Jamaican dollar-linked bonds in the international capital markets.

BMO Capital Markets and Imperial Capital in connection with the issuance of $300 million aggregate principal amount of 12.00% Senior Secured Notes due 2028 by Greenfire Resources Ltd, a company focused on the sustainable production and development of upstream energy resources, and a tender offer for existing notes in connection with Greenfire’s business combination with M3-Brigade Acquisition III Corp. and listing on the New York Stock Exchange.

Financial advisers in connection with the global technology company, SharkNinja, Inc.’s spin-off from JS Global Lifestyle Company Limited, and SharkNinja’s listing on the NYSE. Additionally, represented the underwriters (Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, Morgan Stanley, William Blair and Guggenheim Securities) with SharkNinja’s secondary public offering of ordinary shares. In connection with the offering, certain selling shareholders sold an aggregate of 7,009,444 ordinary shares (including the full exercise of the underwriters’ option to purchase additional ordinary shares) at a price to the public of $47.00 per ordinary share, raising gross proceeds of approximately $329 million.

Heritage Petroleum Company Limited in the issuance of its $537 million secured notes, and concurrently, with the tender offer and consent solicitation of the outstanding 9.75% senior notes due 2026 issued by its sole shareholder, Trinidad Petroleum Holdings Limited. These transactions allowed the client to refinance its debt at a significantly lower interest rate and adjust the collateral package, giving the company, and therefore the Government of the Republic of Trinidad and Tobago, the flexibility to make strategic asset sales in the future. This high-yield bond offering is part of a multi-tranche refinancing that also featured a refinanced credit facility.

2U, a leading online education platform company, in the refinancing of its term loan, which includes extending the term loan and securing new capital from current stockholder through the issuance of $147 million in principal amount of 4.5% senior unsecured convertible notes due 2030 for cash proceeds of approximately $127 million.

Braskem Idesa, the largest polyethylene producer in Mexico, in a $1.2 billion high-yield offering of 144A/Reg S 6.990% senior secured notes due 2032.The sustainability-linked bonds are tied to Braskem Idesa’s goal to reduce its greenhouse gas emissions by 15% by the end of 2028. Braskem Idesa also simultaneously borrowed $150 million under a new credit facility. The proceeds of the bond and loan transactions were used to refinance all of Braskem Idesa’s existing project finance indebtedness incurred to construct Braskem Idesa’s Etileno XXI petrochemical complex in Nanchital, Veracruz, Mexico, in order to provide more flexibility for future expansion of Braskem Idesa’s operations.

The Republic of Peru in a $5 billion U.S. and Euro global bond issuance. The bonds included U.S. dollar-denominated 2.783% Global Bonds due 2031, 3.300% Global Bonds due 2041 and 3.550% Global Bonds due 2051 in an aggregate principal amount among the three series of $4 billion and a euro-denominated 1.250% Global Bonds due 2033 in an aggregate principal amount of €825,000,000. The total amount issued by the Republic of Peru across all four tranches of the U.S. dollar-denominated and euro-denominated bonds, all of which were SEC registered, was approximately $5 billion.

Sagicor Financial Company Ltd. in the completion of its previously announced offering of $400 million of 5.300% Senior Notes due 2028. Sagicor used partial proceeds of the transaction to repurchase $130 million aggregate principal amount of its 8.875% Senior Notes due 2022 issued by its subsidiary Sagicor Finance (2015) Limited.

Sacyr with the issuance of $209 million of its 4.1% senior secured UVR indexed notes due 2045 issued by Patrimonio Autónomo Montes de María. The notes are the joint and several obligation of the issuer and Sociedad Concesionaria Vial Montes de María S.A.S. and the concessionaire of the “Puerta de Hierro – Palmar de Varela y Carreto – Cruz del Viso” toll road awarded to Sacyr as part of the Colombian Government’s 4G Program—the issuance is the first social bond tied to an infrastructure project in Latin America.

EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U., indirect subsidiaries of EnfraGen, LLC, a developer, owner, and operator of grid stability and renewable businesses in Latin America, in their debut issuance of $710 million 5.375% senior secured notes due 2030 pursuant to Rule 144A/Regulation S, combined with a pari passu tranche of $1.05 billion bank debt.

Braskem Idesa, S.A.P.I., the largest polyethylene producer in Mexico and a subsidiary of Braskem S.A., one of the largest petrochemical companies in the world, in an international offering of Senior Secured Notes. The over-subscribed offering involved the issuance of $900 million of 7.450% Senior Secured Notes due 2029 pursuant to Rule 144A and Regulation S. The joint book-runners were Citigroup, Santander and SMBC.

Line One Peru Metro Expansion Company Limited (the Issuer), GyM Ferrovías S.A. (the Concessionaire) and Graña y Montero S.A.A. (the Majority Shareholder) in the issuance of $273.2 million in dual-tranche 4.737% senior secured notes due 2033 (the “Notes”), a Rule 144A and Regulation S project-bond to refinance CPAOs issued by the Peruvian government in exchange for certain investments related to the expansion, adaptation and improvement of the Lima-Callao Mass Transit System Line 1 Electric Train Line in Perú. Mizuho Securities acted as Sole Structuring Agent, Global Coordinator and Sole Active Bookrunner for the Notes, and SMBC Nikko acted as Passive Bookrunner for the Notes. This was the first project bond issued in Latin America in 2019.

The same parties in the issuance of an additional $72.4 million 3.483% senior secured notes due 2033 with similar documentation to finance the final tranche of CPAOs as part of the same project and same refinancing.

Credit Suisse and First Citizens Bank as the initial purchasers in connection with the Government of the Republic of Trinidad and Tobago’s international bond offering of $500 million Notes due 2030 pursuant to Rule 144A and Regulation S.

Trinidad Petroleum Holdings Limited (TPHL), an integrated national oil and gas company owned by the Government of Trinidad and Tobago and key to the economic health of Trinidad and Tobago, in its issuer-led exchange offer for approximately $570 million of new Senior Secured Notes due 2026, which was part of a refinancing transaction of approximately $900 million of outstanding notes that also included a $603 million, dual-tranche term loan facility.

Sociedad Argentina de Construcción y Desarrollo (SACDE) in the structuring of its bid for, and bank-bond financing of, two toll roads in Argentina under the new Argentine PPP Contract.

Concesión Ruta al Mar S.A.S., a subsidiary of the Colombian construction company Construcciones El Condor S.A., in financing the construction, operation and maintenance of the 4G Antioquia-Bolívar highway in Colombia. The project is the first 4G toll-road project in Colombia developed as an iniciativa privada, a concession proposal unsolicited by the Colombian government. The $488 million financing package was priced in Colombian pesos and consists of a series of 26-year, UVR-denominated notes and three credit facilities.

GyM Ferrovias S.A., a subsidiary of the Peruvian construction company Graña y Montero S.A.A., its 2017 $396 million CPAO-backed financing (a so-called “milestone financing”) of the expansion of Line 1 of the Lima metro, which includes construction risk in the form of civil works, including station expansions, and train and car acquisitions. The financing included a working capital revolving facility, a back-to-back financing with another SPV that will receive the CPAOs and reimburse the revolver disbursements as well as other international financing.

Credit Suisse and other lenders in connection with a five-year, $42 million syndicated loan to a Colombian tugboat company secured by maritime collateral spanning multiple Caribbean and Latin American jurisdictions.

Trinidad Generation Unlimited, which owns the largest power generation plant in Trinidad and Tobago, in connection with its debut international bond offering of $600 million Senior Unsecured Notes due 2027 pursuant to Rule 144A and Regulation S.

Morgan Stanley and JPMorgan, as global coordinators and initial purchasers, in the approximately $912 million IPO of common stock by Becle, S.A.B. de C.V., the parent company of Jose Cuervo, a globally recognized spirits company and the largest producer of tequila in the world. The offering was the largest IPO out of Mexico since 2013.

TransJamaican Highway Limited, a Jamaican toll road concessionaire that holds a 35-year concession for the design, construction, operation and maintenance of “Highway 2000 East-West,” the largest infrastructure project in Jamaica, in its debut international project bond offering of $225 million 5.75% Senior Secured Notes due 2036 pursuant to Rule 144A and Regulation S.

The Government of Jamaica in connection with an international bond offering of $743.2 million new notes in a reopening of Jamaica’s 8.000% Amortizing Notes due 2039 pursuant to Regulation S, and a concurrent cash tender offer for its outstanding 10.625% Notes due 2017 and 8.000% Amortizing Notes due 2019.

Credito Real, S.A.B. de C.V., one of the largest specialty finance companies in Mexico, in an international bond offering of $625 million of 7.25% Senior Notes due 2023 pursuant to Rule 144A and Regulation S, and a concurrent tender offer for up to $425 million of its outstanding 7.500% Senior Notes due 2019 issued in 2014, and related consent solicitation.

The Government of Aruba in a dual tranche international private placement.

Peruvian Coca-Cola bottler Corporación Lindley in connection with their cash tender offer for $200 million aggregate principal amount of their outstanding 4.625% Notes due 2023 and 6.750% Notes due 2021.

Morgan Stanley, Citigroup and Santander as global coordinators, and seven other international banks, as initial purchasers, in connection with the $1.2 billion securitization of certain government-backed payment rights related to the greenfield financing of Metro Lima''s Line 2 in Peru.

YPF S.A. in connection with their issuance of $1.5 billion 8.5% Senior Notes due 2025 under Rule 144A and Regulation S under the US Securities Act of 1933, the largest corporate bond issuance in Argentine history.

YPF S.A. in connection with a $500 million dual-tranche re-opening of notes issued under their Global Medium-Term Note Program.

Southern Cross Latin America Private Equity Funds III and IV and certain of their affiliates in connection with their acquisition of the rights to shares of common stock of Ultrapetrol (Bahamas) Limited (NASDAQ: ULTR), an industrial transportation company, and related acquisition and sale transactions.

SolarCity Corporation in connection with securitizations of cash flows from distributed solar generation systems.

Isolux Infrastructure Netherlands B.V. in connection with the private activity bond financing related to the concession to design, build, finance, operate and maintain the I-69 Section 5 Project in Indiana.

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