Holland & Knight Advises Fibra INN on $53 Million Bond Issuance
MEXICO CITY (October 20, 2016) – Holland & Knight acted as deal counsel to Fibra INN (FINN13) in the issuance of US$53 million in bonds expiring in 2021. The issuance will allow the Monterrey-based real estate company to collect up to US$265 million in the future. The bonds are available on the Mexican Stock Exchange beginning today.
Actinver Casa de Bolsa and Casa de Bolsa BBVA Bancomer acted as underwriters. The bonds received an investment grade credit rating of A+ by HR Ratings de Mexico and AA- by Fitch Mexico.
Fibra INN is a Mexican trust formed primarily to acquire, develop, operate and rent a broad range of hotel properties in Mexico. The company has a portfolio of high-quality real estate properties throughout Mexico for business travelers.
The Holland & Knight team representing Fibra INN was led by Mexico-based Partner Guillermo Uribe and included Associates Jorge Gonzalez and Adrian Gay Lasa.