Paul Hastings Represents Underwriters in $750 Million Bond Offering for Banco Inbursa

April 10, 2017

New York -- Paul Hastings, a leading global law firm, announced today that the firm acted as counsel to the underwriters Citigroup, Credit Suisse and Bank of America Merrill Lynch in the offering of $750 million of 4.375% 10 year bonds by Banco Inbursa, S.A., a leading Mexican commercial bank, which is controlled by Carlos Slim and members of the Slim family. The offering follows Banco Inbursa’s first ever international debt offering in 2014, consisting of $1 billion of 4.125% 10 year bonds, for which Paul Hastings also acted as counsel to the underwriters.

The bonds were offered in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933.

Latin America practice partners Michael Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Stephanie Monroe Rohlfs and international attorney Laura Berazaluce.

Paul Hastings attorneys also recently advised on the US$912 million international IPO of Jose Cuervo, represented Sigma Alimentos, S.A. de C.V., on a €600 debt issuance and Mexican automotive part manufacturer Nemak in a €500 million debt issuance, and advised on two notable out-of-court debt restructuring deals for Arendal, S.A. and Industrias Unidas, S.A.. The practice was also recognized by LatinFinance for Syndicated Loan of the Year and Structured Financing of the Year for their work on deals related to the New International Airport of Mexico City project, and seven Paul Hastings attorneys were recognized among Latin America's Top 100 Lawyers by Latinvex (more than any other firm), a leading Latin America business publication.

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.