Fibra SOMA’s $600 Million Senior Unsecured Bond Offering

Skadden, Arps, Slate, Meagher & Flom and Galicia Abogados represented Fibra SOMA in the offering. Milbank and Creel, García-Cuéllar, Aiza y Enríquez advised the underwriters.

Fibra SOMA executed its inaugural 144A/Reg S offering of $600 million 4.375% senior notes due 2031. BBVA, GS, JPM and Santander acted as initial purchasers.

Fibra SOMA is a recently created real estate trust focused on the acquisition, leasing, and management of for-lease properties in Mexico. It was constituted by an entity of SOMA, a leader in asset management, with approximately $75 billion Mexican pesos in assets under management as of March 31st, 2021. The Trust is internally managed by a local team with significant experience in the real estate sector in Mexico.

The New York Skadden team included Capital Markets partner Alejandro Gonzalez Lazzeri (Picture), associate Alejandro Ascencio and law clerk Elvira Perez; and Tax partner Alec Jarvis and counsel Nazmiye Gokcebay.

In Mexico, Galicia Abogados advised Fibra SOMA with Maurice Berkman, Ramiro Sandoval García, Rodrigo Rivera Santamarina,  María de los Ángeles Padilla Zubiría, Mónica Sánchez,  Luis López and Fernando Talavera.

In US, Milbank advised BBVA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Santander Investment Securities Inc. with Carlos T. Albarracín, Andrew R. Walker, Jesús Narváez,  María Velasco Zamudio, Marco Zaldívar and David G. Hanno.

In Mexico,Creel, García-Cuéllar, Aiza y Enríquez advised BBVA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Santander Investment Securities Inc. with Rodrigo Castelazo D.,  Jorge Correa Cervera, Jorge Escalante Zollino, Luis Michel Sánchez O’Sullivan, Paola Kiehnle Barocio and Diego A. Rico de Silva.

Involved fees earner: Rodrigo Castelazo – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Correa Cervera – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Escalante Zollino – Creel, García-Cuéllar, Aiza y Enriquez SC; Paola Kiehnle Barocio – Creel, García-Cuéllar, Aiza y Enriquez SC; Diego Rico de Silva – Creel, García-Cuéllar, Aiza y Enriquez SC; L. Michel Sánchez O’Sullivan – Creel, García-Cuéllar, Aiza y Enriquez SC; Maurice Berkman – Galicia Abogados, S.C; María de los Ángeles Padilla Zubiría – Galicia Abogados, S.C; Rodrigo Rivera – Galicia Abogados, S.C; Mónica Sánchez – Galicia Abogados, S.C; Ramiro Sandoval – Galicia Abogados, S.C; Carlos Albarracín – Milbank LLP; David Hanno – Milbank LLP; Jesus Narvaez – Milbank LLP; María Velasco – Milbank LLP; Andrew Walker – Milbank LLP; Marco Zaldivar – Milbank LLP; Alejandro Ascencio – Skadden Arps Slate Meager & Flom; Nazmiye Gokcebay – Skadden Arps Slate Meager & Flom; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Alec Jarvis – Skadden Arps Slate Meager & Flom;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Galicia Abogados, S.C; Milbank LLP; Skadden Arps Slate Meager & Flom;

Clients: BBVA Securities Inc.; Fibra SOMA; Goldman Sachs & Co.; JP Morgan Securities; Santander Investment Securities Inc.;

Author: Martina Bellini