FEMSA in $1.5 Billion Offering

Cleary Gottlieb Steen & Hamilton, Skadden and Ritch, Mueller, Heather y Nicolau advised on the transaction

Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) executed an offering of $1.5 billion 3.5% senior notes due 2050.

The offering was an SEC-registered takedown, and the notes will be listed on the New York Stock Exchange.

BofA Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC acted as underwriters for the transaction. The transaction priced on January 13, 2020, and closed on January 16, 2020.

FEMSA is a leading Mexican company that participates in the beverage industry through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world; in the retail industry through FEMSA Comercio, operating OXXO, the largest and fastest-growing chain of small-format stores in Latin America; and in the beer industry, as a shareholder of Heineken, one of the world’s leading brewers with operations in more than 70 countries.

Cleary Gottlieb Steen & Hamilton advised FEMSA with Duane McLaughlin, Lizzie Gómez, Claudia Diaz-Alemany, Kylie N. Barza and José Andrés de Saro.

Skadden advised BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P.Morgan Securities with Alejandro González Lazzeri, Alejandro Ascencio and Marco Eugenio Ferrario.

Ritch, Mueller, Heather y Nicolau advised BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P.Morgan Securities with Luis Nicolau Gutiérrez and Luis Alonso Suárez del Real Tostado.

Involved fees earner: Kylie Barza – Cleary Gottlieb Steen & Hamilton; Jose Andres de Saro – Cleary Gottlieb Steen & Hamilton; Claudia Diaz-Alemany – Cleary Gottlieb Steen & Hamilton; Lizzie Gómez – Cleary Gottlieb Steen & Hamilton; Duane McLaughlin – Cleary Gottlieb Steen & Hamilton; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Luis Alonso Suárez del Real Tostado – Ritch, Mueller, Heather y Nicolau, SC; Alejandro Ascencio – Skadden Arps Slate Meager & Flom; Marco Ferrario – Skadden Arps Slate Meager & Flom; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom;

Law Firms: Cleary Gottlieb Steen & Hamilton; Ritch, Mueller, Heather y Nicolau, SC; Skadden Arps Slate Meager & Flom;

Clients: Bank of America Securities; Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA); Goldman Sachs & Co.; JP Morgan Securities;

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Author: Ambrogio Visconti