Simpson Thacher Represents Initial Purchasers in US$750 Million Debt Offering for América Móvil, S.A.B. de C.V.
10.20.09
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The Firm recently represented Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co., as initial purchasers, in connection with a Rule 144A/Regulation S offering of US$750 million of 5.000% Senior Notes due 2019 by América Móvil, S.A.B. de C.V. The Notes are guaranteed by Radiomóvil Dipsa, S.A. de C.V., América Móvil’s principal Mexican subsidiary.
América Móvil, which is incorporated in Mexico, is the largest provider of wireless telecommunications services in Latin America, with 190.3 million subscribers in 18 countries at June 30, 2009. Radiomóvil Dipsa, which operates under the name “Telcel”, is the largest provider of wireless telecommunications services in Mexico, with 58.1 million subscribers in Mexico at June 30, 2009.
The Simpson Thacher team for the transaction included Glenn M. Reiter, Kirsten L. Davis, Yaneris Rosa and Paula Pereira (Capital Markets) and Jonathan Cantor and Amie Broder (Tax).