Corporación Inmobiliaria Vesta’s $350 Million Notes Offering

Davis Polk and Ritch, Mueller, Heather y Nicolau advised Corporación Inmobiliaria Vesta in the offering. Simpson Thacher & Bartlett advised UBS Securities LLC, Citigroup Global Markets Inc., BTG Pactual US Capital, LLC and Scotia Capital (USA) Inc. acting as underwriters on the offering.

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) executed its offering of $350 million aggregate principal amount of its 3.625% senior notes due 2031. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S and are guaranteed by certain subsidiaries of Vesta.

Vesta is a fully-integrated real estate company that owns, manages, develops, operates and leases industrial properties in Mexico.

The Davis Polk corporate team advising Vesta included partner Maurice Blanco (Picture), counsel Katia Brener and associates Ernesto Talamás Velázquez and Taha Qureshi. The tax team included partner Po Sit. Associate Sijia Cai provided 1940 Act advice.

In Mexico, Ritch, Mueller, Heather y Nicolau, advised Vesta with a team including Luis Nicolau Gutiérrez, Oscar A. López Velarde, Joshua Párraga Saggiante, Luis Alonso Suárez del Real Tostado, Luis Miguel Posadas Yáñez, Eduardo García Ruiz, Joaquín Aguinaco Gómez Mont and Ximena García Torres.

Simpson Thacher & Bartlett advised UBS Securities LLC, Citigroup Global Markets Inc., BTG Pactual US Capital, LLC and Scotia Capital (USA) Inc. with a team including Juan Francisco Méndez, Jonathan E. Cantor, Jon Vicuña and Brian Mendick.

Creel, García Cuellar, Aiza y Enríquez advised Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante del Grupo Financiero Citibanamex; Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer; Scotia Inverlat Casa de Bolsa, S.A. de C.V., Grupo Financiero Scotiabank Inverlat; UBS Casa de Bolsa, S.A. de C.V.; UBS Securities LLC; Citigroup Global Markets Inc.; Scotia Capital (USA) Inc. and BTG Pactual US Capital, LLC with Carlos Aiza H., Rodrigo Castelazo D., Jorge Correa Cervera, Gizeh V. Polo Ballinas, Patricia Ramírez, Luis Michel Sánchez Cobo, Juan Pablo Sánchez Cobo, Diego A. Rico de Silva and Myriam Daniela Sanclimet.

Involved fees earner: Carlos Aiza – Creel, García-Cuéllar, Aiza y Enriquez SC; Rodrigo Castelazo – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Correa Cervera – Creel, García-Cuéllar, Aiza y Enriquez SC; Gizeh Polo Ballinas – Creel, García-Cuéllar, Aiza y Enriquez SC; Patricia Ramírez Sanchez – Creel, García-Cuéllar, Aiza y Enriquez SC; Diego Rico de Silva – Creel, García-Cuéllar, Aiza y Enriquez SC; Juan Pabló Sánchez Cobo – Creel, García-Cuéllar, Aiza y Enriquez SC; Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; Taha Qureshi – Davis Polk & Wardwell; Sijia Cai – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Ernesto Talamás Velázquez – Davis Polk & Wardwell; Joaquin Aguinaco – Ritch, Mueller, Heather y Nicolau, SC; Eduardo García Ruíz – Ritch, Mueller, Heather y Nicolau, SC; Ximena García Torres – Ritch, Mueller, Heather y Nicolau, SC; Oscar López Velarde – Ritch, Mueller, Heather y Nicolau, SC; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Joshua Párraga Saggiante – Ritch, Mueller, Heather y Nicolau, SC; Luis Miguel Posadas Yáñez – Ritch, Mueller, Heather y Nicolau, SC; Luis Alonso Suárez del Real Tostado – Ritch, Mueller, Heather y Nicolau, SC; Jonathan Cantor – Simpson Thacher & Bartlett; Juan Méndez – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Davis Polk & Wardwell; Ritch, Mueller, Heather y Nicolau, SC; Simpson Thacher & Bartlett;

Clients: BTG Pactual US Capital, LLC; Casa de Bolsa BBVA Bancomer; Citibanamex; Citigroup Global Markets Ltd; Citigroup Global Markets Ltd; Corporación Inmobiliaria Vesta, S.A.B. de C.V.; Scotia Capital Inc.; Scotiabank Mexico (Scotiabank Inverlat S.A.); UBS; UBS Securities LLC;

Author: Martina Bellini