Operadora de Servicios Mega Issues $350 Million in Senior Notes Offering

February 07, 2020

New York – Paul Hastings LLP, a leading global law firm, represented Operadora de Servicios Mega, S.A. de C.V., SOFOM, E.R., a Mexican specialty finance company headquartered in Guadalajara, in its inaugural international bond offering. The offering involved the issuance of $350 million of 8.250% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The underwriters involved were Barclays, Goldman Sachs and J.P. Morgan.

Paul Hastings attorneys also represented Mega in a bridge loan from Barclays in the amount of $35 million in December 2019. A portion of the proceeds of the senior notes offering was used to repay that loan.

Mega is a specialty finance company based in Guadalajara, Mexico, with more than 15 years of operating experience, focused on leasing and commercial lending to small and medium-sized enterprises in Mexico. It provides financing solutions in connection with the purchase of manufacturing, industrial and transportation equipment and other capital assets used in a variety of industries in Mexico. This non-bank finance company serves an important role in providing lease financing to small companies that are underserved by traditional banks.

Latin America practice partners Mike Fitzgerald, Joy Gallup and Arturo Carrillo led the Paul Hastings team in these transactions, which also included of counsel Pedro Reyes, associate Eduardo Gonzalez and foreign associate Jose Pellon.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.