KIO Networks’ $300 Million High-Yield Notes Offering


Davis Polk & Wardwell, González Calvillo, Cleary Gottlieb Steen & Hamilton and Ritch, Mueller, Heather y Nicolau advised on the transaction

Sixsigma Networks México, S.A. de C.V. (“KIO Networks”) executed its Rule 144A/Regulation S offering of $300 million aggregate principal amount of its 7.500% senior notes due 2025. The notes are guaranteed by certain subsidiaries of KIO Networks. KIO Networks intends to use the net proceeds from the offering for redemption of existing notes and for general corporate purposes.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. acted as Initial purchasers on the offering.

KIO Networks is the leading provider of information technology infrastructure outsourcing services in Mexico and the largest in installed data center capacity, while also expanding throughout Latin America. Founded in 2002, it offers a comprehensive set of IT infrastructure outsourcing services and solutions within 29 data centers in 11 technological campuses in Mexico, Panama, Guatemala, the Dominican Republic and Spain.

The Davis Polk advised KIO Networks with a team including partner Maurice Blanco (Picture), counsel Katia Brener and associate Angela Park. The tax team included partner Rachel D. Kleinberg and associate Catherine L. Chu. Associate Zixuan (Jennifer) Wang provided Investment Company Act advice.

In Mexico, González Calvillo, S.C. advised KIO Networks with José Víctor Torres, Rosa Elena Coto and Daniel Guaida.

Cleary Gottlieb Steen & Hamilton advised the initial purchasers with Jorge Juantorena, Adam Brenneman, Miguel Álvarez, Lorenz Haselberger, Rodrigo Jiménez and Sergio Huerta.

In Mexico, Ritch, Mueller, Heather y Nicolau advised the initial purchasers with Jean Paul Farah Chajín, Leopoldo Fragoso and Luis Miguel Posadas.

Involved fees earner: José Víctor Torres – Gonzalez Calvillo Abogados; Rosa Elena Coto – Gonzalez Calvillo Abogados; Daniel Guaida Azar – Gonzalez Calvillo Abogados; Jean Paul Farah Chajín – Ritch, Mueller, Heather y Nicolau, SC; Leopoldo Fragoso Montes – Ritch, Mueller, Heather y Nicolau, SC; Luis Miguel Posadas Yáñez – Ritch, Mueller, Heather y Nicolau, SC; Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; Angela Park – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Catherine Chu – Davis Polk & Wardwell; Zixuan Wang – Davis Polk & Wardwell; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Miguel Alvarez Malvido – Cleary Gottlieb Steen & Hamilton; Lorenz Haselberger – Cleary Gottlieb Steen & Hamilton;

Law Firms: Gonzalez Calvillo Abogados; Ritch, Mueller, Heather y Nicolau, SC; Davis Polk & Wardwell; Cleary Gottlieb Steen & Hamilton;

Clients: Morgan Stanley; Credit Suisse Securities Limited; JP Morgan Securities; Sixsigma Networks México, S.A. de C.V.;

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Author: Ambrogio Visconti.