GT Law represents MEXCAT in tender offer
Greenberg Traurig has represented the Mexico City International Airport Trust (MEXCAT) in a tender offer with respect to the following existing series of MEXCAT bonds:
- 250% Senior Secured Notes due 2026,
- 875% Senior Secured Notes due 2028,
- 500% Senior Secured Notes due 2046, and
- 500% Senior Secured Notes due 2047.
The public offering was backed by a significant amount of capital from MEXCAT’s bondholders, despite recent market volatility.
As a result of this transaction, MEXCAT will be able to reduce its total indebtedness by approximately USD 480 million – from approximately USD 4.2 billion to approximately USD 3.7 billion. Furthermore, the strategic pricing of the public offerings resulted in MEXCAT repurchasing the bonds at a discount, generating savings for MEXCAT of approximately USD $70 million.
GT Law’s team was led by David Argueta (pictured left), with support from Juan Manuel González Bernal (pictured right).
