Fibra UNO’s $650 Million International Private Offering

Holland & Knight advised Fibra UNO, while Paul Hastings LLP and Mijares, Angoitia, Cortes y Fuentes advised the underwriters on the offering.

Fibra UNO, Mexico’s largest real estate investment trust, executed its international offering of US$650 million in senior notes. The issuance includes the reopening of up to US$375 million at 4.950% yield to maturity, due in 2030, and US$275 million at 6.250% yield to maturity, due in 2050. Both were issued in accordance with Rule 144A and Regulation S under the United States Securities Act of 1933. The offering took place on July 15.

The successful offering was oversubscribed, exceeding the initial target amount of US$500 million.

BofA Securities, Inc., Citigroup Global Markets Inc., BBVA Securities Inc., HSBC Securities (USA) Inc., Actinver Securities, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Santander Investment Securities Inc., acted as book runners.

The Holland & Knight team advising Fibra UNO was led by Partner Guillermo Uribe Lara (Picture), and included partner Adrian Gay Lasa and associates Jorge González Carlini, Santiago Soldevilla Gutiérrez and Mirna Ordaz Avilés in Mexico City, and partner Stephen Double and associate Julia de la Parra in New York.

The Paul Hastings team advising the initial purchasers was led by Mike Fitzgerald and Arturo Carrillo and included Steven Sandretto, Eduardo Gonzalez and Jose Pellon.

In Mexico, Mijares, Angoitia, Cortés y Fuentes advised the initial purchasers with Martín Sánchez Bretón, Carlos Jiménez Cantú, Stefany Victoria Dicktiar Canales and Imanol Sánchez-Mujica Dunand.

Involved fees earner: Julia de la Parra – Holland & Knight; Stephen Double – Holland & Knight; Adrian Gay Lasa – Holland & Knight; Jorge Gonzalez Carlini – Holland & Knight; Mirna Ordaz – Holland & Knight; Santiago Soldevilla – Holland & Knight; Guillermo Uribe Lara – Holland & Knight; Stefany Victoria Dicktiar Canales – Mijares, Angoitia, Cortés y Fuentes, S.C.; Carlos Jiménez Cantú – Mijares, Angoitia, Cortés y Fuentes, S.C.; Martín Sánchez Bretón – Mijares, Angoitia, Cortés y Fuentes, S.C.; Imanol Sánchez-Mújica – Mijares, Angoitia, Cortés y Fuentes, S.C.; Arturo Carrillo – Paul Hastings; Michael Fitzgerald – Paul Hastings; Eduardo Gonzalez – Paul Hastings; Steven Sandretto – Paul Hastings;

Law Firms: Holland & Knight; Mijares, Angoitia, Cortés y Fuentes, S.C.; Paul Hastings;

Clients: Actinver Securities Inc.; Bank of America Merrill Lynch; BBVA Securities Inc.; Citigroup Inc.; Credit Suisse; Fibra Uno administracion SA; Goldman Sachs; HSBC; J.P. Morgan Securities LLC; Santander;

Author: Ambrogio Visconti.