Cleary Gottlieb has counselled Grupo IDESA in an exchange offer and consent solicitation for any and all of its 9.375% Senior Secured Notes due 2026 for new 6.500% Senior Secured Notes due 2028. In addition, Grupo IDESA offered to
Tags :Cleary Gottlieb
Banking & Finance
Corporate
Cleary assists BBVA in $275m sustainability-linked credit to Grupo Bimbo
Cleary Gottlieb has assisted BBVA Mexico, as lender, in an approximately $275 million ($5 billion pesos) Mexican peso-denominated revolving credit facility granted to Grupo Bimbo. The facility, signed and closed on 13 April, is guaranteed by Bimbo Bakeries
Cleary Gottlieb has acted as legal counsel to the Comisión Federal de Electricidad (CFE), Mexico’s state-owned electricity company, as co-obligor on a USD $100 million bilateral credit facility by Bank of America to a
Cleary Gottlieb has advised J.P. Morgan Securities and Santander US Capital Markets, as initial purchasers, on the issuance by the Republic of Costa Rica of $1.5 billion aggregate principal amount of 6.550% bonds due 2034. The offering
Cleary Gottlieb has assisted the lenders in Grupo Bimbo’s approximately $1.93 billion multi-currency sustainability-linked revolving credit facility. The credit facility’s sustainability features incentivise the borrower to meet specific environmental sustainability goals in exchange for
Cleary Gottlieb has advised the Republic of Chile on the $350 million catastrophe bond issue by the International Bank for Reconstruction and Development of the World Bank. This transaction was undertaken with the objective of insuring
Cleary Gottlieb has represented América Móvil in a reclassification of América Móvil’s existing series of shares (Series AA, Series A and Series L) into a new Series B ordinary shares
Cleary Gottlieb has represented the initial purchasers in Cemex’s $1 billion offering of subordinated notes. The notes are perpetual and have no fixed maturity date, mandatory redemption date or sinking fund. The proceeds will be
Cleary Gottlieb has assisted Fomento Económico Mexicano (FEMSA) in an offering of existing issued ordinary shares of both Heineken and Heineken Holding (Heineken Group) for approximately €3.2 billion (approximately 7% of the combined stake in the
Cleary Gottlieb has counselled the Dominican Republic on its Rule 144A/Reg S offering of $700,000,000 7.050% Notes due 2031 and $62,282,850,000 13.625% Notes due 2033. The offering was launched and priced on 31 January 2023 and closed on 3 February 2023. The bond offering
