Baker McKenzie Advises Alfa in USD 500 Million Consent Solicitation and CUSIP Exchange Offer

Leading global law firm Baker McKenzie announced today that its New York office represented Alfa, S.A.B. de C.V. (Alfa), one of the largest conglomerates in Mexico, in connection with a consent solicitation and CUSIP exchange offer to make certain proposed amendments to the indenture governing its $500 million principal amount 6.875% Senior Notes due 2044 (the Notes). Alfa successfully received consents from 89.85% of the Notes outstanding for the proposed amendments to the indenture, which were intended to clarify that the indenture allows Alfa to consummate the spin-off of its petrochemical subsidiary Alpek, S.A.B and allow certain of Alfa's other Subsidiaries to provide guarantees of all or a portion of the Notes.

The solicitation agents involved in the transaction were J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc.

Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo, Joy Gallup and Pedro Reyes led the Baker McKenzie team, which also included associates Carolina Gonzalez and Nicole Gresati-Fernandez.

Public link

Please use the above public link if you want to share this noodl on another website.