H&K on $88m Fibra Inn rights offering

Holland & Knight Mexico has advised Fibra Inn on an oversubscribed rights offering for US $88 million (approximately MX$1.5 billion). The offering took place from 7 to 27 June.

During the underwriting period, shareholders were offered exclusive rights to purchase additional Certificados Bursátiles Inmobiliarios (CBFIs), after which 260 million CBFIs were purchased by shareholders, resulting in a capital increase of US$88 million.

Actinver Casa de Bolsa acted as intermediary in this offering.

Headquartered in Monterrey, Mexico, Fibra Inn is a Mexican trust formed primarily to acquire, develop and lease a wide range of hotel properties in Mexico. The company has signed franchise and licensing agreements with national brands and international hotel chains.

H&k’s team was led by partner Guillermo Uribe Lara (pictured left) and associate Jorge E. González (pictured right).