Duane McLaughlin

Cleary assists América Móvil in €200m term loan facility

Cleary Gottlieb has assisted América Móvil in the negotiation of a €200 million senior unsecured term loan facility. 

The transaction was signed and closed on 23 September, with Barclays Bank PLC acting as lead arranger and bookrunner.

The funds are intended to be used to finance a portion of the cash consideration payable by América Móvil in connection with the tender offer to purchase all of América Móvil’s €550,000,000 Series B hybrid bonds due 2073.

América Móvil is a provider of telecommunications services in Latin America.

Cleary’s team included partner Duane McLaughlin (pictured), associate Natalia Rezai and stagiare Lara Gómez Tomei. Partner Jason Factor, counsel Matt Brigham and associate Jesse Hong advised on tax matters. All of the lawyers are based in New York.

L Giselle Estrada

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