MEXICO CITY – Jan. 26, 2024 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented the Mexico City International Airport Trust (MEXCAT) in a tender offer with respect to the following series of existing MEXCAT bonds:
- 250% Senior Secured Notes due 2026,
- 875% Senior Secured Notes due 2028,
- 500% Senior Secured Notes due 2046, and
- 500% Senior Secured Notes maturing 2047.
The public offering was supported by a significant amount of capital from MEXCAT's bondholders, despite recent market volatility.
With this transaction, MEXCAT will be able to reduce its total indebtedness by approximately US$480 million – from approximately US$4,200 million to approximately US$3,700 million. In addition, the strategic pricing of the public offerings resulted in MEXCAT repurchasing the bonds at a discount, generating savings for MEXCAT of approximately US$70 million.
Greenberg Traurig's Mexico City team was led by Capital Markets Shareholder David Argueta and Juan Manuel Gonzalez Bernal, co-chair of the Global Infrastructure Practice and co-managing Shareholder of Greenberg Traurig’s Mexico City office.