Stephen J Double

Partner
  • T 212.513.3528
  • Debt Capital Markets 

    • Represented each of the Argentine provinces of Chubut, Mendoza, Entre Ríos, Salta and Tierra del Fuego, as issuers, in connection with numerous Rule 144A/Regulation S bond offerings in the international capital markets
    • Represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex), as issuer, in connection with its Rule 144A issue of US$350 million bonds due 2020, underwritten by Citibank and Bank of America Merrill Lynch
    • Represented Camposol S.A. (Peru) in connection with its US$125 million 9.875 percent senior notes due in 2017, and offered and sold under Rule 144A/Regulation S
    • Represented Merrill Lynch and a 10-bank dealer syndicate in connection with the establishment of a US$2 billion Rule 144A medium-term note program by Banco Itaú Holding Financeira S.A.
    • Represented Corporación GEO S.A.B. de C.V., a leading Mexican housing developer, on its Rule 144A high-yield bond offering, with Morgan Stanley and Banco Santander acting as joint lead managers
    • Represented Standard Bank PLC, as dealer manager and lead manager, in connection with a cash tender offer and consent solicitation by the Rede Brasil Sul Group, a leading Brazilian news and media conglomerate, for its existing bonds due in 2010, and a new Rule 144A issue of bonds denominated in Brazilian reais
    • Advised on establishment, updates and numerous Rule 144A/Regulation S drawdowns under note programs for several Brazilian financial institutions (representing either the issuer or the underwriters), including: Banco do Brasil, Banco Itaú, Banco Itaú BBA, Banco Santander Brasil/Banespa, Banco Votorantim, Banco Fibra S.A, Banco Pine S.A. and Banco Industrial e Comercial S.A. (Bicbanco)
  • Structured Finance, Project Bonds and Securitization 

    • Represented Stoneway Group/Araucaria Energy, an energy sponsor operating in Argentina, as issuer in connection with its US$500 million Rule 144A/Regulation S project bond offering; deal is one of the first greenfield power generation project bonds issued out of Argentina in more than 25 years and included a related US$115 million loan transaction from Siemens Finance to finance equity in the structure (Siemens is also the EPC contractor on the four projects being financed), as well as an additional equity investment by energy developer SoEnergy
    • Represented Empresa Nacional de Autopista S.A. (ENA), a company owned by the Republic of Panama, in connection with two separate Rule 144A/Regulation S bond offerings: (i) US$395 million aggregate principal amount of notes and (ii) US$600 million aggregate principal amount of notes; the notes were issued by a Panamanian trust and secured primarily by tolls generated from the operation of two of the principal arteries in Panama City – Corredor Sur toll road and the Corredor Norte toll road, respectively; proceeds from each issuance were used to finance the indirect acquisition of the two toll roads by the republic of Panama from the existing concessionaires; the notes are listed on the Panama Stock Exchange
    • Represented Scotiabank Perú S.A.A., a leading Peruvian bank, on the establishment of a Rule 144A Diversified Payment Rights securitization program, and the issuance of Series 2010-A and 2010-B bonds thereunder, underwritten by Credit Suisse
    • Represented Banco do Estado de São Paulo S.A. – Banespa and Banco Santander Brasil S.A. in connection with the establishment of, and drawdowns under, their joint Diversified Payment Rights program, which is secured by future U.S. dollar and euro payment flows of both banks; this program was named "International Securitization Deal of the Year" by LatinFinance magazine because of its incorporation of dual currency payment flows
  • Equity Offerings and IPOs

    • Represented Banco do Brasil S.A., as issuer, and BNDES Participações S.A. and Previdência dos Funcionários do Banco do Brasil (PREVI), as selling shareholders, in connection with the approximately US$900 million primary and secondary Rule 144A equity offering of Banco do Brasil, listed on the BM&F Bovespa
    • Represented Credit Suisse and the underwriters in connection with the approximately US$255 million Rule 144A IPO of Banco Pine S.A., a leading Brazilian middle market bank, listed on the BM&F Bovespa
    • Represented Merrill Lynch, Morgan Stanley, Caixa – Banco de Investimento and Banco Espírito Santo Investment in connection with the privatization and €1.1 billion Rule 144A IPO of Galp Energia, the Portuguese national oil, gas and energy conglomerate, listed on the Euronext Lisbon
  • Lending Transactions

    • Represented TGI, a subsidiary of Empresa de Energía de Bogotá S.A. E.S.P. (EEB), in connection with a US$645.5 million syndicated loan to finance the acquisition of 31.92 percent of TGI's own shares from a minority shareholder; BBVA Securities Inc., Itaú Unibanco (Nassau Branch) and the Bank of Nova Scotia acted as joint lead arrangers and joint bookrunners
    • Represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex) and Banco Popular Dominicano S.A., as joint lead arrangers and bookrunners, on two senior unsecured bridge loans in an aggregate amount of US$250 million to AES Corporation subsidiaries AES Andres DR S.A. and Empresa Generadora de Electricidad Itabo S.A. in the Dominican Republic
    • Represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex), as lead arranger, on a US$105 million syndicated secured loan to finance the acquisition of Produbanco in Ecuador by Grupo Promerica in Panama, secured by certain mandatory dividend flows and share collateral of Promerica and certain of its operating subsidiaries
    • Represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex), as lead arranger, on a syndicated loan to finance the acquisition of dairy production assets in Panama by Cooperativa de Productores de Leche Dos Pinos, a Costa Rican cooperative association. Represented Dyer Coriat Holding S.L., the holding company of a Peruvian agriculture and aquaculture group of companies, as borrower, on a US$75 million syndicated loan arranged by UBS
    • Represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex), as lead arranger, on various syndicated loans to Latin American banking institutions, including a US$100 million syndicated loan to Banco Interamericano de Finanzas (BanBif), a US$75 million syndicated loan to Banco Internacional de Costa Rica (BICSA) and a US$60 million syndicated loan to Banco Santander Peru