Simpson Thacher acts on América Móvil senior bond offering
Simpson Thacher has acted as legal counsel to the underwriters in connection with América Móvil’s public offering of 17 billion pesos of 9.5% Senior Notes due 2031. Cleary Gottlieb has counselled América Móvil.
The notes will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market.
América Móvil will use the net proceeds of this offering to finance or refinance, in whole or in part, expenditures and investments in one or more green or social projects.
BBVA Securities, Citigroup Global Markets, Goldman Sachs & Co., HSBC Securities (USA), J.P. Morgan Securities, Morgan Stanley & Co. and Santander US Capital Markets acted as underwriters.
América Móvil, headquartered in Mexico, is one of the leading telecommunications service providers in Latin America, being one of the key players in wireless, fixed-line, broadband and pay-TV services based on the number of revenue generating units (“RGUs”). América Móvil’s largest operations are in Mexico and Brazil. América Móvil also operates in 13 other countries in the Americas and seven countries in Central and Eastern Europe. As of 31 March 2023, América Móvil had 301 million wireless voice and data subscribers and 73.4 million fixed RGUs.
Cleary Gottlieb’s team included partners Duane McLaughlin and Manuel Silva and associates José Andrés de Saro, Alejandro Martínez-Inzunza, and David Gorsky. Counsel Matthew Brigham and associate Samuel Kramer provided tax advice. All lawyers are based in New York.
Simpson Thacher’s team included partner Juan Francisco Méndez (pictured), senior counsel Kirsten L. Davis, and associates Alejandro de Ramon-Laca and Paulina Bracamontes.
