Manuel Silva

Cleary counsels MEXCAT on tender offers to acquire $993m

Cleary Gottlieb has counselled Fideicomiso del Aeropuerto de la Ciudad de México (MEXCAT) on MEXCAT’s tender offers to acquire for cash up to USD $993 million of its notes issued in the international markets.

Barclays Capital Inc. and Santander US Capital Markets LLC acted as dealer managers.

The transaction was launched on 6 November 2023, expired on 5 December 2023 and settled on 8 December 2023.

The deal will reduce MEXCAT’s total indebtedness by approximately USD 480 million, from approximately USD 4.2 billion to approximately USD 3.7 billion.

Cleary’s team included partner Manuel Silva (pictured), associate Jose Andres de Saro, and international lawyer Stephanie Plata. Counsel Matt Brigham and associate Michael Sims advised on tax matters. All lawyers are based in New York.

L Giselle Estrada