Capital markets: global offerings in United States

Arnold & Porter

Arnold & Porter is a recognised leader in sovereign finance, advising on sovereign and sub-sovereign offerings, along with issuances by state-owned enterprises. It has a long track record in Latin America - along with Hungary and Turkey - and notably represents Corporacion Andina de Fomento (CAF), the development bank, on international offerings. Washington DC’s Whitney Debevoise and Gregory Harrington are hugely experienced in sovereign finance, along with New York partner Christopher Peterson, who represents the Republic of Turkey.

Responsables de la pratique:

Christopher Peterson; Teresa Johnson


Autres avocats clés:

Whitney Debevoise; Gregory Harrington


Principaux dossiers


Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton's position as a leader in global offerings is indisputable. The firm’s reputation for excellence, combined with its commitment to the Latin America market, has brought it a stream of headline deals over the years. It remains at the forefront of sovereign and quasi-sovereign offerings, particularly for Latin American states, but also for countries in Europe, Africa, the Middle East and Asia. The firm’s expertise in US Securities and Exchange (SEC) regulation and corporate governance is another factor in its market standing, along with its more recent focus on sustainability-linked and green bond offerings; it has advised the United Mexican States (Mexico) on a series of sustainable development goals (SDG)-linked bond offerings. Jeffrey Karpf is a senior figure in headline transactions for big-name corporate issuers, including sustainability-linked offerings. David Lopez is a leading name in liability management transactions and high-value bond offerings. Jorge Juantorena and Francesca Odell are are the forefront of offerings originating in Latin America, particularly Mexico and Brazil respectively.

Autres avocats clés:

Jeffrey Karpf; David Lopez; Jorge Juantorena; Francesca Odell; Adam Fleisher; Nicolas Grabar


Les références

‘Working with Cleary Gottlieb is unique as they are a full service firm and their teams cover every area of expertise required for an offering. They are up to speed when required and they create very good relationships with clients.’

‘We work with Nicolas Grabar and Francesca Odell. They are a super talented team, they create good bonds and they work hard and fast when necessary.’

 

Principaux clients

HCA Healthcare


Lowe’s Companies, Inc.


Honeywell International Inc.


Petróleo Brasileiro S.A.


Ontario Teachers’ Finance Trust


The underwriters to Asian Development Bank


American Express and the underwriters to American Express


GlobalFoundries, Inc.


Vale S.A.


The underwriter to Onex Corporation and JELD-WEN Holding Inc.


LivaNova PLC


TLGY Acquisition Corporation (Longhua Innovation Capital Ltd.)


CI&T Inc.


The Lion Electric Company, Inc.


TPG and PAG Asia Capital as selling shareholders of Cushman & Wakefield


América Móvil S.A.B. de C.V.


Dominican Republic


The initial purchasers to the Republic of Paraguay


United Mexican States (Mexico)


Underwriters to the Republic of Chile


Principaux dossiers


  • Advised HCA Healthcare (HCA) on its unregistered $6bn Rule 144A/Reg S offering (through its wholly owned subsidiary HCA Inc.)
  • Represented GlobalFoundries on its $2.59bn IPO.
  • Advised Mexico on its registered offering of $2.2bn global bonds, tied to the United Nations’ sustainable development goals (SDGs).

Cooley LLP

Cooley LLP represents a wealth of startups, emerging companies, late-stage companies and public companies in global offerings. It maintains a primary focus on technology and life sciences businesses. It continues to advise a balanced portfolio of issuers and underwriters, though is slightly better known for its issuer engagements. Outside of the US, it has attracted clients from Europe and Asia, and is building its standing in Latin America. New York partners Richard Segal and Div Gupta have emerged as major players in the capital markets team, while San Diego’s Charlie Kim and San Francisco partner David Peinsipp lead the group. Nicole Brookshire left the firm in June 2022.

Responsables de la pratique:

Charlie Kim; David Peinsipp


Autres avocats clés:

Richard Segal; Div Gupta


Principaux clients

Legend Biotech Corporation


VectivBio Holding AG


Valneva SE


Silence Therapeutics plc


Mind Medicine (MindMed) Inc.


Addex Therapeutics


Renalytix Plc


Erytech


DBV Technologies


Exscientia


Bicycle Therapeutics


J.P. Morgan Securities


Jefferies


Goldman Sachs & Co.


Citigroup Global Markets


Morgan Stanley & Co.


BofA Securities


SVB Securities


Cowen & Company


Principaux dossiers


  • Represented the underwriters in the $805m follow-on offering of Argenx, a biotechnology company based in the Netherlands.
  • Advised the underwriters in the $575m offering of aggregate principal amount 2.25% convertible senior notes due 2028 by Ascendis Pharma, a Denmark-based biotechnology company.
  • Advised Legend Biotech on two follow-on offerings raising an aggregate of $747m.

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP‘s huge reputation extends worldwide, despite having just two offices in New York and London. It advises on many of the most complex and high-value deals in the capital markets arena, and across the debt, equity and hybrid securities segments. The firm attracts engagements from many European issuers and international underwriters, notably recently advising Nestlé on its $4bn 144A/Reg S notes offering and representing the underwriters in an aggregate of $12.9bn of notes issued by Credit Suisse. Andrew Pitts, co-head of capital markets for North America, had another impressive year in 2022 with a string of headline deals for overseas issuers. Nicholas Dorsey impresses in high-value offerings, while Craig Arcella also comes highly recommended.

Responsables de la pratique:

Craig Arcella; William Fogg; Andrew Pitts


Autres avocats clés:

Nicholas Dorsey


Principaux clients

AerCap


Burford


Canadian National Railway


Nestlé


Rogers Communications


Shell


White Mountains


Various financial institutions


Principaux dossiers


  • Represented the underwriters in an aggregate of $12.9bn of notes issued by Credit Suisse.
  • Represented Rogers Communications in its concurrent offerings of $7.05bn of senior notes and CAD$4.25bn of senior notes.
  • Represented Nestlé in its $4bn 144A/Reg S notes offering.

Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP remains a major player in global offerings, routinely landing big engagements from issuers and underwriters. In this regard, it is highly-rated for debt and equity offerings, including high-yield and investment grade debt, IPOs and hybrid securities. Much of its overseas deal flow comes from Latin America thanks to a number of specialists that focus on the region. It also regularly advises on deals involving European, Israeli and Canadian issuers; it has advised Banco Santander on capital markets offerings for years, and represented it in a series of SEC-registered note offerings in 2022. Head of the Latin America practice Manuel Garciadiaz splits his time between New York and Sao Paulo, as does co-head of capital markets Maurice Blanco. New York partner Pedro Bermeo, a growing force in the practice, also has a strong focus on Latin America.

Autres avocats clés:

Manuel Garciadiaz; Maurice Blanco; Pedro Bermeo; Richard Truesdell; Byron Rooney


 


Principaux dossiers


Debevoise & Plimpton LLP

Debevoise & Plimpton LLP remains closely associated with global offerings by financial services and insurance companies. It is also noted for offerings by SPACs, including PIPE financings, and issuances by private equity portfolio companies. Notable recent engagements for the team include its advice to Jackson Financial on its $2.5bn separation from Prudential through a demerger. Paul Rodel and Steven Slutzky, who lead the capital markets group, have established records in global offerings. Matthew Kaplan is also highly rated.

Responsables de la pratique:

Paul Rodel; Steven Slutzky


Autres avocats clés:

Matthew Kaplan


Principaux clients

Access Industries, Inc.


agilon health


American International Group


Ambac Assurance Corporation


Antares Holdings LP


BofA Securities, Inc.


Manulife


Booz Allen Hamilton


Carlyle Group


Wm Morrison Supermarkets Limited


Clayton Dubilier & Rice, LLC


Core & Main Inc.


Corebridge


Prudential Plc


Cornerstone Building Brands, Inc.


DoubleVerify Inc.


National Life Group


Fifth Wall Ventures Management, LLC


Gogo Inc.


WhiteCap


Jackson National Life


Goldman Sachs Group


International Paper Company


JetBlue Airways Corporation


MBIA


Pacific Life Insurance Company


Multi-Color Corporation (MCC)


Principal Financial Group


Spirit Airlines


The Teachers Insurance and Annuity Association (TIAA)


United Insurance Holdings Corporation


Warner Bros. Discovery, Inc.


Warner Music Group


Westpac Banking Corporation


Principaux dossiers


Dechert LLP

Dechert LLP has an established record in cross-border offerings, particularly those involving Latin America. It is also active in cross-border offerings for permanent capital vehicles and business development companies. Recently, it advised Blackstone Private Credit Fund, a closed-end management investment company and business development company, on its inaugural euro-dominated offering of €500m of 1.750% Notes due 2026. Boston’s Thomas Friedmann and New York partner David S Rosenthal, a life sciences specialist, co-chair the capital markets practice. Howard Kleinman departed for McDermott Will & Emery LLP in July 2023.

Responsables de la pratique:

Thomas Friedmann; David Rosenthal


Principaux dossiers


Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP‘s lean capital markets group has a reputation for handling high-value and headline deals across the debt and equity fields. It represents a large number of international issuers and underwriters, such as the underwriters of Athene Global Fundings’ series of note offerings. Daniel Bursky leads the capital markets group. Andrew Barkan and Mark Hayek are also highly rated practitioners, along with the increasingly prominent Joshua Wechsler.

Responsables de la pratique:

Daniel Bursky; Ashar Qureshi


Autres avocats clés:

Andrew Barkan; Mark Hayek; Joshua Wechsler; Joshua Coleman


Les références

‘Excellent, business-driven advice based on excellent knowledge of current market practices; thorough knowledge of our business; efficient, well-executed offerings.’

‘Smart, savvy, thoughtful, with excellent knowledge of the market and current practice; particularly Daniel Bursky and Joshua Coleman.’

 

Principaux clients

Bridgepoint plc


Goldman Sachs


Citi Group


Danske Bank


BNP Paribas


JP Morgan


LumiraDx


Navios South American Logistics


SteelSeries


Green Hydrogen Systems


KITS Eyecare


Blue Apron


Broadstone Net Lease


Catalent


Humana Inc.


Merck


Tapestry


T-Mobile


BofA Securities


Deutsche Bank


Evercore ISI


HSBC


JMP Securities


KBW


MUFG


PNC Capital Markets


Raymond James


RBC Capital Markets


R. Seelaus


SMBC Niko


Societe Generale


Truist


UBS Wells Fargo


Zion Capital Markets


Principaux dossiers


  • Represented Grupo Televisa in its tender offer to purchase a maximum aggregate principal amount of up to $300m of its 5.000% Senior Notes due 2045, 6.625% Senior Notes due 2025 and 5.250% Senior Notes due 2049.
  • Advised Eneti’s underwriters in connection with the $175m public offering of 19.4m shares of Eneti.
  • Advised Athene Global Funding’s underwriters on a number of placings, including its $850m offering of 1.716% fixed rate notes due 2025 under the company’s Funding Agreement Backed Note (FABN) program.

Hogan Lovells US LLP

Hogan Lovells US LLP has an established record in offerings originating from Europe and Latin America. It handles a wide range of debt and equity offerings, and is also noted for structured finance transactions, including diversified payment rights securitisations in Latin America. The firm has an excellent reputation for securities and financial regulatory expertise, including dealings with the SEC. The experienced Richard Aftanas is building the firm’s standing in equity offerings, while Emil Arca is a noted leader in debt capital markets and structured finance, including deals originating in Latin America. Evan Koster has a strong record in sovereign and quasi-sovereign offerings from Latin America, and is also rated for liability management and derivatives transactions. New York and Frankfurt-based partner Sina Hekmat has a background in global offerings by European issuers, particularly German companies. All other partners are based in New York.

Responsables de la pratique:

Richard Aftanas; Emil Arca


Autres avocats clés:

Evan Koster; Sina Hekmat; Ben Garcia


Les références

‘Emil Arca is a highly experienced and knowledgable partner in Hogan Lovells. His attention to detail and proficiency in key issues related to diversified payment rights programs has been highly appreciated by us for the past 6 years. It is a pleasure to work with such a professional partner.’

‘Definitely Emil Arca and Ben Garcia, are high level lawyers with commitment abilities and skills that undoubtedly stand out from other firms with which we have worked on similar transactions.’

‘Hogan Lovells exhibits a high level of legal subject matter competency in the specific area of law we are focused (insurance) and the team understands the issues affecting our company. We appreciate the firm’s ability to accurately assesses levels of risk involved and provide clear, practical, and timely advice including options.’

Principaux clients

Banco Industrial S.A.


Banco Pichincha


Bank of America Securities


BOC Aviation


Colgate-Palmolive


Enstar Group Limited


McEwen Mining Inc.


IRB-Brasil Resseguros


National Commercial Bank Jamaica Limited


The Central America Bottling Corporation


The Government of the Bahamas


Voxeljet


Principaux dossiers


  • Advised the Central America Bottling Corporation, CBC Bottling Holdco and Beliv Holdco as co-issuers in connection with a Rule 144A and Regulation S offering of $1.1bn aggregate principal amount of the co-issuers’ 5.250% senior guaranteed sustainability-linked notes and a successful concurrent tender offer and consent solicitation relating to, and subsequent redemption of, CBC’s outstanding 5.750% Senior Guaranteed Notes due 2027.
  • Advised Colgate-Palmolive on its €500m inaugural eight-year sustainability bond.
  • Advised the joint lead managers on an aggregate of more than $11.15bn in debt offerings for Landwirtschaftliche Rentenbank (Rentenbank).

Latham & Watkins LLP

Latham & Watkins LLP is an international leader in global offerings, handling a large pipeline of debt, equity and equity-linked issuances every year. It represents both issuers and underwriters, and continues to be at the forefront of life sciences and tech offerings. It is growing its presence in Latin America transactions, and is also noted for Europe and Middle East offerings; it has deep connections to Israeli issuers and their underwriters, in particular. Marc Jaffe and Ian Schuman are giants of the capital markets arena and frequently advise on bulge-bracket global offerings. Nathan Ajiashvili is another prominent figure in global offerings, particularly in the life sciences sector.

Responsables de la pratique:

Ian Schuman; Jeffrey Lawlis; Stelios Saffos


Autres avocats clés:

Marc Jaffe; Nathan Ajiashvili; Jenna Cooper; Keith Halverstam


Principaux dossiers


Mayer Brown

Mayer Brown has an extensive geographic focus in the global offerings space. It continues to be a dominant force in offerings by Canadian banks and pension funds, notably advising on a significant market share of covered bonds issuances. The firm also has an impressive background in Nordic transactions, including 144A offerings and derivatives transactions. Looking elsewhere, the firm has an active presence in Israel, landing numerous ECM engagements, including private placements, from start-ups and growth companies. The firm’s large Latin America practice, which includes offices in Brazil through Tauil & Chequer Advogados and an office in Mexico City, also generates a large volume of capital markets engagements. Anna Pinedo has a long-track record in global offerings, especially those originating from Canada, Israel and the Nordics. Phyllis Korff is an experienced figure in Israel deals, while Jerry Marlatt is at the forefront of global offerings by Canadian banks and pension funds, and is also a leader in covered bonds.

Responsables de la pratique:

Eddie Best; Anna Pinedo


Autres avocats clés:

Ryan Castillo; Brian Hirshberg; John Ablan; David Bakst; Phyllis Korff; Jerry Marlatt


Les références

‘In-depth knowledge within regulatory matters for the capital markets. Service minded and helpful.’

‘Anna Pinedo has unique competence within the Capital Markets and a very good capability to put together relevant legal teams in different situations’

‘Extremely knowledgeable and responsive capital markets team.’

Principaux clients

BMO Capital Markets


BofA Securities, Inc.


Canada Pension Plan Investment Board


Canadian Imperial Bank of Commerce


Citigroup Global Markets, Inc.


Credit Suisse


Deutsche Bank


HSBC


Banco BTG Pactual S/A


Islandsbanki hf.


J.P. Morgan Securities LLC


Macquarie Group and Macquarie Bank


Morgan Stanley & Co. LLC


National Bank of Canada


Ontario Municipal Employees Retirement System


RBC Capital Markets


UBS Securities LLC


US Bancorp


Wells Fargo Securities, LLC


Fédération Des Caisses Desjardins Du Québec


TC Energy Corporation


Société des Produits Nestlé S.A.


Alpargatas S.A.


VAALCO Energy Corp.


Credorax Inc. (d/b/a Finaro)


Kaia Health Software GmbH


Protalix Biotherapeutics, Inc.


Principaux dossiers


Paul Hastings LLP

Paul Hastings LLP has an outstanding reputation in Latin America offerings and has been a leader in Mexico for many years. Michael Fitzgerald, who heads the Latin America practice, is unrivalled in Mexico debt and equity offerings; his close links to investment banks and Mexican issuers has brought him and the team a wealth of bulge-bracket and market-first engagements over the years. Cathleen McLaughlin is another senior figure with an extensive record in Latin America and Europe deals, including many in the energy and infrastructure segments. Joy Gallup and Arturo Carrillo are further key members of the Latin America group.

Responsables de la pratique:

Chris DeCresce; Michael Fitzgerald


Autres avocats clés:

Joy Gallup; Arturo Carrillo; Cathleen McLaughlin; Pedro Reyes; Rigo Chavez


Les références

‘The Paul Hastings team is extremely knowledgeable, user friendly, practical and experienced, resulting in great results for its clients. Important to note that they really do act as a team and complement each other. Teamwork extends to other advisors to the client (financial, tax, etc) which makes it a pleasure to work with the firm.’

‘I’ve had numerous opportunities to work with Mike Fitzgerald, Arturo Carrillo, Joy Gallup and Pedro Reyes. They are a very cohesive team, with extreme attention to detail, creative and always right on target with their advise. They are all also able to seamlessly navigate between country-specific issues as it regards to US law. Very experienced and provide valuable advice consistently.’

‘Paul Hastings’ Latin American capital markets team is the best in the market/region. Solid, creative, solution-driven, client-conscious and knowledgeable. The go-to counsel for any DCM/ECM transaction in the region.’

Principaux clients

Alpek, S.A.B. de C.V.


UBS Securities LLC


Bank of America Merrill Lynch


Barclays


BTG Pactual


BMO Capital Markets


Sacyr


Crédito Real


Credit Suisse


Credivalores – Crediservicios S.A.S.


Cyrela Commercial Properties


Deutsche Bank Securities


Flexential


GI Partners


Goldman Sachs


Grupo IUSA, S.A. de C.V.


HSBC


Jefferies


Wells Fargo Securities


Principaux dossiers


  • Advised the joint bookrunning managers on the $253m IPO of units of The Growth for Good Acquisition Corporation.
  • Represented the joint bookrunning managers in the $200m IPO of Games & Esports Experience Acquisition Corp.
  • Advised Sagicor Financial Company on its $150m offering of 5.300% senior notes due 2028.

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP has a major emphasis on global offerings from Canada; it fields a large team of New York attorneys based in Toronto, along with a number of Canada specialists in New York itself. The group covers a spectrum of capital markets offerings, from IPOs and follow-on offerings to convertible bonds, investment grade debt and high-yield debt. Key names to note include capital markets specialist Christopher Cummings, who splits his time between Toronto and New York, though is primarily based in Toronto. Adam Givertz heads the Canada practice group.

Responsables de la pratique:

Adam Givertz; Christopher Cummings; Tong Yu


Principaux dossiers


Shearman & Sterling LLP

With an established record in both issuer and underwriter engagements, Shearman & Sterling LLP's global offerings practice largely centres on Latin America and Canada. Its New York, Houston and Sao Paulo offices have deep connections to Latin America - particularly Brazil - though the firm has a fine record in most jurisdictions in the region. It also has a large number of Latin American natives within its attorney ranks. The firm also has a considerable history in Canada, having launched an office in Toronto in 1989. In more recent years, it has brought its specific expertise in green and ESG bonds, SPACs and other types of offerings to both regions. Jason Lehner, who leads the Toronto office, also works out of New York. New York partners Grissel Mercado and Manuel Orillac specialise in Latin America offerings, with Mercado becoming increasingly prominent in recent years.

Responsables de la pratique:

Ilir Mujalovic


Autres avocats clés:

Manuel Orillac; Grissel Mercado; Jason Lehner


Principaux clients

Banco de Chile


BMO Capital Markets


BNP Paribas Securities


BofA Securities, Inc.


CIBC Capital Markets


Citigroup Global Markets


Desjardins Capital Markets


Deutsche Bank


Ecopetrol


Goldman Sachs & Co. LLC


HSBC Securities (USA) Inc.


Inversiones La Construcción S.A.


Itaú Corpbanca


J.P. Morgan Securities LLC


Laurentian Bank Securities


Merrill Lynch International


Morgan Stanley


National Bank Financial Markets


Natixis


Province of Ontario


RBC Capital Markets


Scotiabank


TD Securities


Principaux dossiers


  • Advised Itaú Corpbanca on its $1bn rights offering.
  • Advised Inversiones La Construcción on the issuance of $300m senior notes.
  • Advised Banco de Chile on its inaugural Rule 144A/Regulation S offering of $500m fixed-rate notes.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP has a leading position in global offerings, driven by multiple regions around the world. To this end, the firm's offices in London, Tokyo and Hong Kong regularly provide the practice with additional firepower in global offerings. It has historically attracted a substantial deal flow from Latin America, with its primary team members located in New York and São Paulo. The firm has landed a series of sovereign offering engagements from Latin America in recent years, to build on its already healthy bank of business in the region. It has also impressed in offerings by international development banks. In 2022, the firm advised the initial purchasers on the Republic of Chile’s peso-denominated sustainable bond offering. Elsewhere it represented Toronto-Dominion Bank in its debut $1.75bn US public offering. Jaime Mercado and Juan Francisco Méndez are key New York partners with a major focus on Latin America. Mark Brod is another New York partner with extensive international experience, often having a key role in offerings by European and Asian issuers.

Responsables de la pratique:

Joshua Ford Bonnie; Roxane Reardon; Kenneth Wallach


Autres avocats clés:

Jaime Mercado; Juan Francisco Méndez; Mark Brod


Les références

‘Seamless and efficient legal service by Simpson Thacher capital market team. Global offerings require in-depth understanding of US securities laws and regulations as well as understanding of local practice and culture where issuers are located. Simpson Thacher capital markets team is a true market leader by being armed with all required skills.’

‘Mark Brod is a solution-oriented partner and acted as a bridge between New York and Tokyo in a debt offering. Learned a lot from him.’

 

Principaux clients

AerCap Holdings N.V.


Alibaba Group Holding Limited


Aston Martin Capital Holdings Limited


BNP Paribas


BRF S.A.


Citigroup


Crédit Agricole Corporate and Investment Bank


Credit Suisse


Daiwa Securities


GFL Environmental Inc.


Goldman Sachs & Co. LLC


J.P. Morgan


Kreditanstalt für Wiederaufbau (KfW)


Logicor


Mitsubishi UFJ Financial Group, Inc.


Mitsui Fudosan Co., Ltd.


Mizuho Financial Group, Inc.


Morgan Stanley


MUFG


Nomura Securities, Ltd.


Republic of Guatemala


RBC Capital Markets


Société Générale


Stonegate Pub Company Financing plc


TD Securities


Unigel Luxembourg S.A.


Via Varejo S.A.


Wells Fargo Securities


Principaux dossiers


  • Advised the initial purchasers on $3.56bn in bond offerings by the Dominican Republic.
  • Advised the managers in multiple offerings by Kreditanstalt für Wiederaufbau (KfW), including $10bn (aggregate) global notes offerings and a C$500m global notes offering.
  • Advised the initial purchasers in the Republic of Chile’s sovereign bond offering.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP‘s commitment to global transactions, through its extensive international network of offices, brings it almost unrivalled connections to international issuers and underwriters. More recently, it has expanded its practice with the growth of SPAC offerings in the US and elsewhere. It is now a major player in Canada corporate bonds, while Latin America and Israel remain important regions for the capital markets team. Ryan Dzierniejko has made a big impression in global offerings, including Canada corporate bonds. Other key members of the team include Dwight Yoo, along with Gregory Fernicola and David Goldschmidt, the latter of whom is global head of capital markets.

Responsables de la pratique:

David Goldschmidt; Michael Zeidel


Autres avocats clés:

Ryan Dzierniejko; Dwight Yoo; Gregory Fernicola


Principaux dossiers