MEXICO CITY – Jan. 26, 2024 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented the Mexico City International Airport Trust (MEXCAT) in a tender offer with respect to the following series of existing MEXCAT bonds:
- 250% Senior Secured Notes due 2026,
- 875% Senior Secured Notes due 2028,
- 500% Senior Secured Notes due 2046, and
- 500% Senior Secured Notes maturing 2047.
The public offering was supported by a significant amount of capital from MEXCAT's bondholders, despite recent market volatility.
With this transaction, MEXCAT will be able to reduce its total indebtedness by approximately US$480 million – from approximately US$4,200 million to approximately US$3,700 million. In addition, the strategic pricing of the public offerings resulted in MEXCAT repurchasing the bonds at a discount, generating savings for MEXCAT of approximately US$70 million.
Greenberg Traurig's Mexico City team was led by Capital Markets Shareholder David Argueta and Juan Manuel Gonzalez Bernal, co-chair of the Global Infrastructure Practice and co-managing Shareholder of Greenberg Traurig’s Mexico City office.
About Greenberg Traurig’s Mexico City Office: Greenberg Traurig’s Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm’s global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm’s award-winning Latin America Practice, and has been recognized with leading competition, corporate, M&A, compliance, infrastructure, real estate, privacy, energy, administrative litigation, and banking practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.