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Capital Markets transactions


We represented Fonplata, in the establishment of a long-term CEBURE program before the Mexican Securities and Exchange Commission (CNBV) for a total authorized amount of up to MXN$20,000 million.

CLIENT:

Fonplata

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2024

VALUE:

MXN$20,000 million

Abajo Arriba

We represented JP Morgan, in connection with ALFA's consent solicitation and CUSIP exchange offer regarding its 6.875% Senior Notes due 2044, issued under foreign law as part of an authorized program of up to USD$500 million.

CLIENT:

JP Morgan

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2024

VALUE:

USD$500 million

OTHER FIRMS:

JP Morgan - Administrative agent Baker & McKenzie LLP - Counsel to Issuer (Alfa) Cleary Gottlieb Steen & Hamilton LLP - Counsel to Administrative Agent

Abajo Arriba

We represented Fideicomiso de Inversión en Energía México (FIEMEX), a special purpose trust managed by Mexico Infrastructure Partners (MIP), in its offering of USD$1.49 billion 7.25% Senior Secured Notes due 2041, issued pursuant to Rule 144A and Regulation S. FIEMEX used a portion of the net proceeds to repay and cancel an existing bridge credit facility incurred to fund the $6.2 billion acquisition of 12 combined-cycle gas turbine plants and a wind farm from Iberdrola. The notes are secured by FIEMEX’s power plants, including the real estate where they are located, ancillary equipment, as well as cash flows generated by them. The collateral documents include a sophisticated waterfall structure to allocate cash flows to service debt, fund reserves, and contribute to operating and capital expenditures for FIEMEX’s plants.

CLIENT:

Mexico Infrastructure Partners

PRACTICE AREA:

Capital Markets

CLOSING DATE:

September 2024

VALUE:

USD$1,490 million

OTHER FIRMS:

Cleary Gottlieb - NY Law advisor to MIP. Milbank - NY Law advisor to global coordinators and joint book runners. Galicia - Mexican Law advisors to global coordinators and joint book runners.

Abajo Arriba

We represented BBVA Securities, Bank of America, Citigroup, HSBC, Mizuho, BNP Paribas, Santander, Scotia Capital and SMBC in connection with the offering by CFE of its US$1.5 billion 5.700% Senior Sustainable Notes due 2030 and 6.450% due 2035, issued under foreign legislation.

CLIENT:

BBVA Securities
BofA Securities
Citigroup Global Markets
HSBC Securities (USA)
Mizuho Securities (USA)
BNP Paribas Securities Corp.
Santander US Capital Markets LLC
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.

PRACTICE AREA:

Capital Markets

CLOSING DATE:

September 2024

VALUE:

USD$1.5 billion

OTHER FIRMS:

Simpson Thacher (US Counsel to Initial Purchasers) CGSH (US Counsel to CFE) Creel, García Cuéllar, Aíza y Enríquez (Mexican Counsel to CFE)

Abajo Arriba

We represented BBVA Securities, Barclays, Bank of America and JP Morgan in connection with the offering by BBVA México of its US$600 million 5.250% Senior Notes due 2029, issued under foreign legislation pursuant to an authorized program for an aggregate amount of up to US$10,000 million.

CLIENT:

BBVA Securities
Barclays Capital
BofA Securities
J.P. Morgan Securities

PRACTICE AREA:

Capital Markets

CLOSING DATE:

September 2024

VALUE:

USD$600 million

OTHER FIRMS:

Cleary Gottlieb - US counsel to the Underwriters Simpson Thacher - US counsel to the Company Galicia Abogados - Mexican counsel to the Company

Abajo Arriba

We represented Tecnologías Diffiere (known as Plata), in the issuance of the first tranche of Series 1 Notes, issued on September 5, 2024, pursuant to a Note Purchase Agreement under the laws of the State of New York.

CLIENT:

Tecnologías Diffiere (Plata)

PRACTICE AREA:

Capital Markets

CLOSING DATE:

September 2024

VALUE:

ND

OTHER FIRMS:

Skadden, Arps, Slate, Meagher & Flom LLP, U.S. Special Counsel for our client. O'Melveny & Myers LLP, U.S. Special Counsel for the purchaser. Nader, Hayaux y Goebel, S.C., as Mexican Special Counsel for the purchaser.

Abajo Arriba

We represented the Central American Bank for Economic Integration, in connection with the reopening of issuances 136 and 137 of Medium-term Floating Rate Notes and Medium-term Fixed Rate Notes, respectively, with the ticket symbols "CABEI 1-24S" and "CABEI 2-24S" for MXN$8,000 million, issued under foreign law, based on the authorized program for up to USD$15,000 million.

CLIENT:

Banco Centroamericano de Integración Económica (CABEI)

PRACTICE AREA:

Capital Markets

CLOSING DATE:

August 2024

VALUE:

MXN$8,000 million

OTHER FIRMS:

Paul Hastings - counsel to CABEI

Abajo Arriba

We represented the Central American Bank for Economic Integration, in connection with issuances 136 and 137 of medium-term floating rate notes and medium-term fixed rate notes, respectively, with the ticker symbols "CABEI 1-24S" and "CABEI 2-24S" for MXN$5,000 million, issued under foreign law, based on the program authorized for up to USD$10,000 million.

CLIENT:

Banco Centroamericano de Integración Económica (CABEI)

PRACTICE AREA:

Capital Markets

CLOSING DATE:

May 2024

VALUE:

MXN$5,000 million

OTHER FIRMS:

Paul Hastings - counsel to CABEI

Abajo Arriba

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