IFLR1000

Operadors de Proyectos de Infraestructura $275 million senior secured bond issue

31/3/2015
Investment grade bond/note issue, Refinancing
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$ 275 million

Completed

31/3/2015

Overview:

  • Operadora de Proyectos de Infraestructura, a subsidiary of construction company OHL México, has undertaken a $275 million in senior secured bond issue.
  • The issue amounted to 773 million notes.
  • The proceeds will be used to refinance a $300 million loan from Goldman Sachs.
  • Barclays, Banorte, Actinver and Santander acted as bookrunners on the issue.
  • The issue is secured with funds from toll collection on the Mexico City Beltway.
  • Simpson Thacher & Bartlett acted for the issuer alongside Mijares Angoitia Cortés & Fuentes as Mexico counsel.
  • Galicia Abogados acted for the underwriters.
  • Milbank Tweed Hadley & McCloy and White & Case acted for Goldman Sachs.

Jurisdiction:

Mexico

Deal types:

Investment grade bond/note issue
Refinancing

Practice area:

Capital markets : Debt

Industry sector:

Transport

Firms:
Galicia Abogados

Party: Banco Santander (Initial purchaser, Bookrunner)

Party: Barclays (Initial purchaser, Bookrunner)

Party: Banorte (Initial purchaser, Bookrunner)

Party: Actinver (Initial purchaser, Bookrunner)

Mijares Angoitia Cortés y Fuentes

Party: Operadora de Proyectos de Infraestructura (Issuer)

Lawyer: Martín Sánchez

Milbank

Party: Goldman Sachs (Lender)

Simpson Thacher & Bartlett

Party: Operadora de Proyectos de Infraestructura (Issuer)

White & Case

Party: Goldman Sachs (Lender)

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