Femsa’s $1.5 Billion Notes Offering

Cleary Gottlieb represented Fomento Económico Mexicano, S.A.B. de C.V. in its SEC-Registered Debt Offering.

Fomento Económico Mexicano, S.A.B. de C.V. completed an offering of U.S.$1.5 billion 3.500% Senior Notes due 2050. This 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 is expected to close 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 over 70 countries.

The Cleary team included partner Duane McLaughlin (Picture), associates Lizzie Gomez and Claudia Diaz-Alemany, and international lawyer Jose Andres de Saro. Associate Kylie Barza provided tax advice.

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;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA);

Author: Ambrogio Visconti