White & Case advises initial purchasers on FIBRA-E CFE’s US$725 million inaugural notes issuance

Global law firm White & Case LLP has advised BofA Securities, Inc., Citigroup Global Markets Inc., Barclays Capital Inc. and Santander US Capital Markets LLC, as initial purchasers, on FIBRA-E CFE’s (BMV: FCFE) inaugural issuance of US$725 million aggregate principal amount of 5.875% senior notes due 2040. The successful issuance of the notes was ten times oversubscribed and marks the first note issuance transaction by a Mexican FIBRA-E.

FIBRA-E CFE is a Mexican energy and infrastructure investment trust. It is the first publicly traded entity sponsored by CFE, the state-owned public enterprise of the federal government of Mexico in charge of the electricity sector, and it is the only vehicle with access to energy transmission’s revenues.

The White & Case team was led by Capital Markets partners John Vetterli (New York), Eduardo Flores and Narciso Campos (both in Mexico City); and Project Development and Finance partner Juan Ruenes (Mexico City). The team also included Capital Markets counsel Jorge Escalante (Mexico City) and associates Christie Garcia (Miami) and Jorge Reyes (Mexico City); and Project Development and Finance associate Jose Daniel Franco (Mexico City).

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