Simpson Thacher Represents Initial Purchasers and Underwriters in Notes Offerings by América Móvil, S.A.B. de C.V.
09.30.13
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The Firm represented the initial purchasers, led by Deutsche Bank, Barclays and BNP Paribas, in connection with the public offerings of €900 million aggregate principal amount of Euro NC5 (Euro Series A) Capital Securities due 2073, €550 million aggregate principal amount of Euro NC10 (Euro Series B) Capital Securities due 2073 and £550 million aggregate principal amount of GBP NC7 Capital Securities due 2073 by América Móvil, S.A.B. de C.V. in September 2013. The notes were sold in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended. The notes have been listed for trading on the Euro MTF Market of the Luxembourg Stock Exchange.
The Firm also represented the underwriters, led by Citigroup, Banca IMI and BBVA, in connection with a public offering of U.S.$750 million aggregate principal amount of Floating Rate Senior Notes due 2016 by América Móvil, S.A.B. de C.V. in September 2013. The notes will be listed for trading on the New York Stock Exchange.
América Móvil will use the net proceeds of these offerings for general corporate purposes, including the repayment of outstanding Mexican peso-denominated indebtedness.
América Móvil, which is organized in Mexico, is the largest provider of wireless communications services in Latin America, based on its 262 million subscribers in 18 countries at June 30, 2013. Mexico, Brazil and Colombia are América Móvil’s largest markets for wireless communications. América Móvil also has major fixed-line operations in Mexico, Brazil, Colombia and 11 other countries.
The Simpson Thacher teams for these transactions included Juan Francisco Mendez, Kirsten L. Davis, Frank Kwok, Eduardo Goldberg, Till LeFranc, Michael Guo and Alberto Bustamante (Capital Markets) and Marcy Geller, Jonathan Cantor and Michael J. Cardella (Tax).