DLA Piper Advises Alsea on Bond Placement

5/22/19

DLA Piper represented Alsea S.A.B. de C.V., a Mexico City-based operator of quick service restaurants, coffee shops and casual dining establishments in Latin America and Spain, in obtaining authorization from the Mexican National Banking and Securities Commission (CNBV) to issue a revolving registered public offering of short and long term senior notes valued at US$523 million (MX$10 billion), as well as conducting the first and second bond placements for a total amount of MX$4 billion.

In addition, the CNBV recognized Alsea as a recurrent issuer, which will enable the company to better take advantage of windows of opportunity of financing within the Mexican Stock Exchange.

The DLA Piper team was led by partner Xavier Mangino (Mexico City) and included consultant Cristian Gastelum and associate Elena Ibarrola (both of Mexico City).