Elektra Group’s $108.3 Million Notes Offering

Nader, Hayaux & Goebel advised on the transaction

Elektra Group, operting as a subsidiary of Grupo Salinas, executed its offering of $108.3 million 9,35% notes.

Actinver and Punto Casa de Bolsa acted as placing agents on the offering.

Grupo Elektra is a Mexican financial and retail company operating in Latin America. The Company, led by Ricardo Benjamin Salinas Pliego, Mauro Aguirre Regis and Alejandro Valenzuela Del Rio also offers non-bank short term loans in the US. Through its banking subsidiary it provides deposits and consumer loans.

Nader, Hayaux & Goebel advised Grupo Elektra, S.A.B. de C.V. with Michell Nader Schekaiban (Picture), Mónica Ramos C. and Carlos Ríos Armillas.

Involved fees earner: Carlos Rodolfo Ríos – Nader, Hayaux & Goebel; Michell Nader S. – Nader, Hayaux & Goebel; Monica Ramos C. – Nader, Hayaux & Goebel;

Law Firms: Nader, Hayaux & Goebel;

Clients: Grupo Elektra SAB de CV;

Author: Ambrogio Visconti.