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Paul Hastings Represents Initial Purchasers in Fibra Uno’s US$2.5 Billion Follow-on Equity Offering

June 12, 2014
New York, NY – Paul Hastings LLP, a leading global law firm, represented Santander, Credit Suisse, BBVA, BTG Pactual, Evercore, Goldman, Sachs & Co., HSBC and UBS Investment Bank as initial purchasers in connection with Fibra Uno’s US$2.5 billion follow-on equity offering, the largest equity offering ever in the real estate sector in Latin America.  Fibra Uno’s follow-on offering is also the third largest equity offering ever in Mexico, following only Santander’s US$4.1 billion IPO in 2012 and Telemex’s US$2.8 billion IPO in 2000.  This oversubscribed offering marks the fourth equity offering by Fibra Uno, which has now issued approximately US$5.5 billion in equity since its IPO in 2011.  The issued stock was offered publicly in Mexico on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.  

Paul Hastings attorneys also represented the initial purchasers in Fibra Uno’s historic IPO in 2011, its initial follow-on offering in 2012, a subsequent follow-on on offering in 2013 and its inaugural international debt offering earlier this year.  After its IPO, Fibra Uno became the very first Real Estate Investment Trust (REIT) in Latin America and the first Mexican REIT to be utilized in the wake of a comprehensive legal overhaul in Mexico that created the “FIBRA”, a new Mexican investment vehicle, which bears many similarities to the U.S. REIT.

Paul Hastings attorneys, using their strong real estate and Latin American franchises, have worked on all but three of the thirteen international FIBRA transactions concluded to date.

Latin America practice partners Mike Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included counsel Steven Sandretto, associate Arnaldo Rego and foreign associate Miguel Estrada.
 
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.