left-caret
News

News

Paul Hastings Represents Banks in Axtel, S.A.B de C.V. Exchange Offer and Bond Offering

January 06, 2014

New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it represented Citigroup and Credit Suisse as dealer managers in a $115 million exchange offer and initial purchasers in a new $36 million issuance of senior secured bonds in connection with a financing for Mexican telecommunications company Axtel, S.A.B. de C.V. The new financing of senior secured bonds was issued in two separate offerings as reopenings of Axtel’s Senior Secured Notes due 2020. The Senior Secured Notes issued in connection with the exchange offer were also issued as a reopening of the same series of bonds in exchange for a portion of two other series of Axtel’s debt securities: Axtel’s outstanding 7.625% Senior Notes due 2017 and 9.00% Senior Notes due 2019, with the 2017 notes taking priority in the exchange. This complex liability management transaction, which effectively represented three distinct issuances of securities, was successfully accomplished in order to “term out” certain of Axtel’s most immediately maturing debt.

Latin America partners 

and  led the Paul Hastings team, which also included of counsel , associate  and international attorneys Federico Vergara and Leopoldo Gomez-Grassi.

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.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Firmwide Inquiries
Arielle Lapiano
Submission Requests
Alan Wright
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum