Palacio de Hierro’s $117.1 Million Notes Offering


Galicia Abogados advised on the transaction

Palacio de Hierro executed its offering of $117.1 million 7,08 % notes due 2027.

Casa de Bolsa BBVA Bancomer and Scotia Inverlat Casa de Bolsa acted as underwriters on the offering.

Grupo Palacio de Hierro SAB de C.V. operates a chain of department stores selling clothes, home furnishings, and gifts. The company, led by Alberto Bailleres Gonzalez, Juan Carlos Escribano Garcia-Bosque and Enrique Mendoza sell men’s and women’s sportswear, footwear, and underwear.

Galicia Abogados acted as legal counsel on the offering with Guillermo Pérez Santiago (Picture), José Alejandro Cortés Serrano, Sofía Montes de Oca Márquez and Emiliano Flores Juárez.

Involved fees earner: José Alejandro Cortés Serrano – Galicia Abogados, S.C; Sofía Montes de Oca – Galicia Abogados, S.C; Guillermo Pérez Santiago – Galicia Abogados, S.C;

Law Firms: Galicia Abogados, S.C;

Clients: Casa de Bolsa BBVA Bancomer; Palacio de Hierro SAB de CV; Scotiabank Mexico (Scotiabank Inverlat S.A.);

Author: Ambrogio Visconti.