Schahin Petróleo e GásChief Financial Officer
Aug. 2009 - Mar. 2015Rio de Janeiro Area, Brazil• Financing and refinancing/restructuring of senior and subordinated/mezzanine debts (bridge loans, syndicated loans, club deals, Project Bonds, Stand-by Letters of Credit, trade finance facilities) in the total amount of +USD 5bln allowing either the construction of new assets for the company fleet (ultradeep water drillships and platforms) or to service corporate purposes. Those well-succeeded actions resulted in the decrease of the debt cost, extension of the average amortization period, the reduction of the debt service coverage ratio, enhancement of the corporate rating and increase of the company valuation, targeting a divestment of the O&G division of the group. Among all the well-succeeded deals, one can highlight the refinancing of two platforms (USD 1.2bln) through a sale-lease back transaction (first of its kind in the Brazilian O&G sector) and a Project Bond transaction in the US capital market (USD 270mln / “Deal of the Year 2010” – Euromoney);
• Restructuring of the Corporate Finance area by reviewing internal procedures and controls, resulting in the creation of the Investors Relations, Onshore Accounting and Offshore accounting departments, allowing more transparency, control, cost reduction and credibility to external stakeholders. The final result was the following areas under my management and responsibility: Structured and Project Finance, Investors Relations, FP&A, Treasury, Onshore Accounting, Offshore Accounting, Tax and Costs;
• Collaboration as the finance leader in the implementation of SAP in all Corporate Finance area;
• Negotiation of an acquisition of a minority stake (10%) in a FPSO project with MODEC and a divestment of the onshore drilling business;
• Active collaboration in the judicial recovery (RJ) of the engineering/construction division of the group (Schahin Engenharia), working closely with the assigned restructuring advisor named by the creditors (Alvarez&Marsal) and the owners advisor (FTI Consulting);