MEXICO CITY (June 13, 2016) – Holland & Knight represented Fibra UNO (FUNO11.MX) in the reopening of $500 million in bonds to be used for general corporate purposes, including debt repayment and acquisitions. This includes the reopening of up to $200 million, at a 5.25 percent yield, and $300 million, at a 6.96 percent yield, in senior unsecured notes due in 2026 and 2044, respectively. The issuance of the securities was made on June 13.
Underwriters of the 144A/RegS issuances included BBVA, Deutsche Bank, Goldman Sachs, Bank of America Merrill Lynch, Credit Suisse, Itau and HSBC. The bonds received the ratings of Baa2/BBB from agencies Moody’s and Fitch.
The Holland & Knight team acting as deal counsel was led by Mexico-based Partner Guillermo Uribe Lara and included Associates Adrian Gay Lasa, Jorge Gonzalez Carlini, Mirna Ordaz and Alonso Ramirez.
With 46 percent of market share, Fibra UNO is Mexico’s largest REIT (real estate investment trust). Our Holland & Knight team has advised Fibra UNO on all of its finance transactions since 2011.