Axtel, S.A.B. de C.V. Issues $500 Million Senior Notes Offering

November 10, 2017

New York -- Paul Hastings LLP, a leading global law firm, announced today that it represented Mexican telecommunications company Axtel, S.A.B. de C.V. in a new high yield senior notes offering. The offering involved the issuance of $500 million of 6.375% Senior Notes due 2024 pursuant to Rule 144A and Regulation S. The underwriters involved were BBVA, Citigroup, J.P. Morgan and Santander.

This offering is the effective inaugural offering of the entity formed by the merger of Axtel and Alestra in late 2016. Axtel is the second largest fixed line telecommunications company in Mexico. The notes are guaranteed by certain subsidiaries of Axtel and Alestra. The issuer’s parent company, Alfa, S.A.B. de C.V., is one of the largest conglomerates in Latin America.

Latin America partners Joy Gallup and Michael Fitzgerald led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Stephen Grace, international associate Diego Ostos, and Alexander Gutierrez.
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