Paul Hastings Represents Underwriters and Dealer-Managers in $200 Million Bond Offering and Cash Tender Offer for Financiera Independencia

June 03, 2014

New York, NY – Paul Hastings, a leading global law firm, announced today that the firm acted as counsel to the underwriters Barclays, HSBC and BCP Securities in the offering of $200 million of 7.500% 5 year bonds by Financiera Independencia (Findep), one of the largest microfinance lenders to individuals in Mexico. Approximately $170 million of the net proceeds of the offering is being used to fund the cash tender offer for Findep’s outstanding 10.0% bonds due 2015. Paul Hastings also acted as counsel to Barclays, HSBC and BCP Securities as dealer managers in the tender offer.

Latin America practice partners Joy Gallup and Mike Fitzgerald led the Paul Hastings team, which also included associates Elena Poleganova and Bruno Espindola and international attorney Leopoldo Gomez-Grassi.

Paul Hastings Latin America Practice in the past few months has advised on some of the largest bond offerings by Latin American companies, including a $1 billion offering by Televisa, a $1 billion inaugural bond offering by Alfa, S.A.B. de C.V., a $1 billion bond offering by Banco Inbursa, S.A., a $700 million offering and tender offer by Empresas ICA and a $425 million offering and tender offer by Credito Real.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.