White & Case Advised Initial Purchasers On FIBRA-E CFE’s US$725 Million Inaugural Notes Issuance

White & Case advised initial purchasers on FIBRA-E CFE’s US$725 million inaugural notes issuance

The global law firm White & Case LLP advised BofA Securities, Inc., Citigroup Global Markets Inc., Barclays Capital Inc., and Santander US Capital Markets LLC, as initial purchasers, on FIBRA-E CFE’s (BMV: FCFE) inaugural issuance of US$725 million aggregate principal amount of 5.875% senior notes due 2040.

The issuance was ten times oversubscribed and marks the first note issuance transaction by a Mexican FIBRA-E.

FIBRA-E CFE is a Mexican energy and infrastructure investment trust. It is the first publicly traded entity sponsored by CFE, the state-owned public enterprise of the federal government of Mexico in charge of the electricity sector, and it is the only vehicle with access to energy transmission revenues.

The White & Case team was led by John Vetterli (Partner, New York), Eduardo Flores (Partner, Mexico City), and Narciso Campos (Partner, Mexico City), along with Juan Ruenes (Partner, Mexico City, Project Development and Finance). They were supported by Jorge Escalante (Counsel, Mexico City), Christie Garcia (Associate, Miami), Jorge Reyes (Associate, Mexico City), and Jose Daniel Franco (Associate, Mexico City, Project Development and Finance).

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