Pedro de Elizalde

Associate
Pedro de Elizalde Headshot

Overview

Pedro de Elizalde is a financial transactions attorney in Holland & Knight's New York office and a member of the firm's Corporate Services Team. Mr. de Elizalde primarily advises clients in cross-border banking, project finance, acquisition finance and other financial transactions in Latin America. Mr. de Elizalde also advises clients in capital markets transactions, including equity and debt corporate issuances for a variety of corporations in critical industry sectors such as technology, aviation, oil and gas, mining, power generation and toll roads.

Prior to joining Holland & Knight, Mr. de Elizalde was an associate in the Capital Markets and Finance practices of an international law firm in its New York office. Mr. de Elizalde has also worked for top-tier law firms in Argentina and Brazil, and in the public sector as legal counsel for the Ministry of the Treasury of Argentina from 2018 to 2019.

Representative Experience

  • Represented the joint bookrunners in connection with an offering by a Mexican state-owned oil company offering of $1.5 billion of 6.875 percent notes due 2025
  • Represented the initial purchasers in connection with a Rule 144A/Regulation S offering of $400 million of 4 percent senior secured notes due 2048 by a trust settled under Panamanian law by a Panamanian state-owned toll road company
  • Represented an ultra-low-cost airline serving Mexico, the United States and Central America, in connection with a primary follow-on equity offering in which such company offered 134 million of its ordinary participation certificates (certificados de participación ordinarios) in the form of American depositary shares (ADSs) at a price to the public of $11.25 per ADS
  • Represented the consent solicitation agents on an Argentine province's restructuring of its outstanding $300 million 7.75 percent notes due 2025
  • Represented an Argentine province on the successful restructuring of approximately $1.67 billion of the province's outstanding aggregate U.S. dollar-denominated international bonds
  • Represented a diversified Peruvian mining company, in connection with an offering by such company of $475 million of its 4.375 percent notes due 2026, and a concurrent offer to purchase for cash made by the company for up to $125 million of its 5.375 percent notes due 2022
  • Represented the initial purchasers in connection with the issuance of $500 million aggregate principal amount of 2.72 percent subordinated preferred capital notes due 2031
  • Represented the Panamanian government-owned operator of the country's principal international airport in connection with the offering of $555 million principal amount of its 4 percent senior secured notes due 2041, and $1.3 billion principal amount of its 5.125 percent senior secured notes due 2061
  • Represented a Chilean state-owned enterprise in connection with its Rule 144A/Regulation S offering of $560 million, 3.450 percent notes due 2031
  • Represented the sole global coordinator and the joint bookrunners in connection with a Rule 144A/Regulation S offering of $1.1 billion, 4.550 percent senior secured notes due 2051 issued by a newly formed company wholly owned indirectly by a Chilean electricity transmission company and certain investment funds to consummate the $1.35 billion acquisition of another Chilean electricity transmission company
  • Represented the dealers in connection with the offering by the Chilean subsidiary of a Spanish bank of $500 million, 3.177 percent senior fixed-rate notes due 2031 issued under the bank's $5.5 billion medium-term notes program
  • Represented a Colombian state-owned oil company in connection with a public offering of $1.25 billion aggregate principal amount of its 4.625 percent notes due 2031, and $750 million aggregate principal amount of its 5.875 percent bonds due 2051
  • Represented a Dominican power generation company in connection with the issuance of $300 million, 5.625 percent sustainability linked senior notes due 2028
  • Represented a Chilean bank in connection with its inaugural Rule 144A/Regulation S offering of $500 million, 2.990 percent fixed-rate notes due 2031 issued under its $3 billion medium-term notes program
  • Represented the initial purchasers and dealer managers in connection with a Latin American country's issuance of $850 million, 7.50 percent notes due 2030, in an offering of new notes and in a liability management transaction consisting of separate offers to purchase for cash and offers to exchange its three outstanding series of U.S.-dollar denominated notes
  • Represented the remarketing agent and initial purchaser in connection with the remarketing of $1.5 billion, 8.750 percent notes due 2029 issued to certain of a Mexican state-owned company's suppliers
  • Represented a diversified Peruvian mining company in connection with an offer to purchase for cash made by the company for up to $110 million of its 4.375 percent senior notes due 2026 and concurrent consent solicitation
  • Represented the dealer managers and solicitation agents in connection with an offer to purchase for cash by a Mexican household appliance company of any and all of its 5.600 percent senior guaranteed notes due 2028
  • Represented a publicly held Mexican corporation in the tender offer initiated by a vehicle in which certain shareholders of the corporation participated, as offeror, for up to: 1) any and all issued and outstanding Series B shares of the corporation held by U.S. holders, and 2) any and all issued and outstanding ADS (each of which represents 12 series B shares) of the corporation
  • Represented the initial purchasers in connection with an offering by a Colombian bank of $500 million of its 6.650 percent perpetual noncumulative additional tier 1 junior subordinated notes

  • Represented a syndicate of lenders in connection with a $664 million revolving credit facility entered into by and among the U.S. subsidiary of a Mexican state-owned oil company, as borrower, the Mexican state-owned company, as a guarantor, and certain financial institutions thereunder, as lenders
  • Represented a diversified Peruvian mining company, as borrower, and certain guarantors, in connection with a $400 million, four-year senior unsecured credit facility provided to the company by a syndicate of lenders
  • Represented a Peruvian food and retail company, as borrower and parent guarantor, and its Uruguayan subsidiary, as borrower, in connection with a $220 million senior unsecured facility provided by a syndicate of lenders
  • Represented the initial lender, in connection with a $125 million, five-year senior unsecured term loan facility for a Mexican food company, as borrower, to be used for the repayment of the company's existing indebtedness and general corporate purposes, and two other lenders in connection with a $100 million, five-year senior unsecured revolving credit facility for the same Mexican food company
  • Represented a Nevada mining company as it closed its restart financing package; the restart financing package provides up to $123 million of liquidity to the company in order to support the restart and ramp-up of the company's underground copper mine
  • Represented the joint lead arrangers and joint bookrunners, and the group of lenders in connection with a $160 million, three-year senior unsecured credit facility for a Colombian bank
  • Represented the sole lead arranger and the lenders in connection with a $500 million, one-year senior secured credit facility for a U.S. subsidiary of a Mexican company to partially fund the acquisition of an oil refinery in the U.S.
  • Represented the lenders in connection with a $200 million senior sustainability-linked credit facility for a Peruvian mining company and a Brazilian mining company.

Credentials

Education
  • Harvard Law School, LL.M.
  • Universidad Torcuato Di Tella, M.A., Law and Economics, summa cum laude
  • Universidad de San Andrés, J.D.
Bar Admissions/Licenses
  • Argentina
  • New York
Memberships
  • International Bar Association, 2015
Honors & Awards
  • Alberto Lasheras Shine Corporate Law Scholarship, International Bar Association, Latin American Regional Forum, 2015

Publications

News