Miguel Yturbe Redo

• Representation of ION Financiera, S.A.P.I. de C.V., SOFOM, E.R. in the establishment of a Mexican commercial paper program for a total of MXN$200 million and their first debt issuance in the Mexican Stock Exchange.
• Participated as counsel to Red de Carreteras de Occidente, S.A.B. de C.V. (RCO), one of the largest toll-road concessionaires in Mexico and subsidiary of Goldman Sachs Infrastructure Partners (GSIP) and Mexican developer Empresas ICA, S.A.B. de C.V., in its issuance of MXN$7.5 billion (approximately US$580 million) 9.00% Senior Secured Notes due 2028 under Rule 144A/Regulation S of the U.S. Securities Act of 1933. This was a major transaction as one of the first project-backed, MXN-denominated debt offerings outside of Mexico.
• Participated as counsel to two subsidiaries of Empresas ICA, S.A.B. de C.V. (NYSE: ICA) holding contracts with the Mexican government for the construction, maintenance, operation, and exploitation of two federal toll roads on the shelf registration of preferred bonds for an aggregate amount of MXN$10 billion and the first two offerings thereunder for an aggregate amount of approximately MXN$4 billion represented by bonds denominated in inflation-linked units (UDIs). The deal is considered groundbreaking since it is the first bond offering that captures different risks through a same issuing trust which, at the same time, isolates the underlying assets backing up the different series of bonds issued by such trust. In this particular case, the issuing trust captured (i) cash flows paid by the federal government under a P3 agreement; and (ii) toll-road fees paid by toll-road users under two government concession titles, and issued two series of preferred bonds each backed by one of the aforementioned assets. Likewise, participated in the issuance of 30-year, 8.52% subordinated bonds, denominated in UDIs, for an aggregate amount of MXN$1.75 billion.
• Participated as counsel to Red Estatal de Autopistas (REA), a decentralized agency of the Mexican State of Nuevo León in charge of the operation and maintenance of the state’s road infrastructure, in the offering of long-term trust bonds (certificados bursátiles fiduciarios de largo plazo) for an aggregate amount of MXN$2.5 billion (approximately US$200 million) secured by flows from the operation of the Monterrey-Cadereyta toll road.
• Participated as counsel to the Kantunil-Cancún toll-road concessionaire in its US$350 million debt refinancing via a public securities offering. Morgan Stanley, BBVA, HSBC, and Inbursa acted as placement agents.
• Participated as counsel to MBIA Inc. in, among others:
  • The process leading to the licensing of its Mexican subsidiary, the first financial guaranty insurer (monoline) in Mexico; 
  • The underwriting of its first Mexican RMBS deal; 
  • The incorporation of other Mexican subsidiaries and the implementation of structured notes programs; 
  • Its reported obligations to the Mexican Stock Exchange; and 
  • Granted three financial guaranty insurance policies to issuances of debt securities performed by trusts for the securitization of Mexican toll-road collection rights and launching a MXN$5 billion insured infrastructure program in Mexico for the refinancing of the Autopista Mexico - Toluca. The program (known as PADEIM) facilitates and expedites the issuance of MBIA-insured securities for Mexican essential infrastructure projects and services. 
• Advised Empresas ICA (NYSE: ICA) in its 2007 and 2009 public share offerings in domestic and foreign markets with total proceeds from the placement of approximately US$550 and US$350 million, respectively, as well as in the 2007 financing (US$1 billion) of the “La Yesca” hydroelectric plant with a power-generation capacity of 750 MW to be located in the State of Jalisco, Mexico and in the refinancing (US$200 million) of the toll road known as “Corredor Sur,” in Panama, in 2005.
• Advised Merrill Lynch in the issuance of europeso structured notes by the Controladora Comercial Mexicana, one of the largest commercial and food retailers in Mexico and a direct competitor of a Fortune 50 Retailer (US$271 million in 2007). 

• Participated as counsel to Empresas ICA, S.A.B. de C.V. in the creation of a joint venture company with CDPQ (Caisse de dépôt et placement du Québec) to create an operational platform that owns the concessions for four of ICA’s operational toll roads and highways (Mayab tollroad, Rioverde – Ciudad Valles highway, La Piedad Bypass and the Acapulco Tunnel) worth a combined value of approximately MXN$6 billion.
• Participated as counsel to Grupo Biopappel in the acquisition of Scribe. With the acquisition, Biopappel will become the largest paper, pulp, and packaging manufacturer in Mexico.
• Participated as counsel to Macquarie Capital in the sale of the portion held, through several of its funds, in the telecoms towers business formerly operated by Global Tower Partners and the Macquarie Mexican Infrastructure Fund in order to set up Mexico Tower Partners, a joint venture between the Macquarie Mexican Infrastructure Fund and Digital Bridge, which manages more than 550 towers and upon its creation became the second largest independent wireless tower operator in Mexico.
• Represented one of the largest quick-service restaurants in the United States in a number of joint ventures and development projects throughout Central America and Mexico.

• Member of the teams that represented banks and financial creditors in the restructuring proceedings of leading groups, including a corn producer, a manufacturing group for the construction and automotive industries, a retailer and supermarket chain group, and a leading glass producer, among others.
• Assisted the conciliator appointed by the Mexican government in the bankruptcy and Chapter 11 proceedings of a leading satellite services company in Mexico.
• Advised renowned aeronautic companies in insolvency proceedings.

• Representation of a Mexican technology company in an unsecured syndicated loan, guaranteed by the borrower’s subsidiaries in Mexico, Spain, Colombia, and Chile.
• Participated as counsel to Red Estatal de Autopistas de Nuevo León, a decentralized agency of the Mexican State of Nuevo León in charge of the operation and maintenance of the state’s road infrastructure, in the negotiation and documentation of a MXN$1.4 billion (US$110 million) bridge loan to finalize construction works on the Periférico del Área Metropolitana de Monterrey.
• Advised the Mexican government-appointed mediator in the Mexican concurso reorganization and Chapter 11 proceedings of Satmex (Mexico’s leading satellite services provider) in 2006.

• Participated as counsel to Mexican development banks Nacional Financiera, S.N.C. (NAFIN) and Banco Nacional de Obras y Servicios Públicos, S.N.C. (BANOBRAS), the later though the Mexican National infrastructure fund known as FONADIN - Fondo Nacional de Infraestructura, in setting up a US$1.5 billion bi-national fund for investments in infrastructure assets in Mexico, as well as in their equity participation as anchor investors therein. The fund is managed by International Finance Corporation (IFC)’s Asset Management Company (AMC).
• Participated as counsel to Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV: OMA / NASDAQ: OMAB), a public holding company of the concessionaires and operators of 13 domestic and international airports in Mexico and an indirect subsidiary of Empresas ICA, S.A.B. de C.V. (BMV: ICA* / NYSE: ICA) and Aéroports de Paris Management (EN Paris: ADP), in (i) the establishment of OMA’s first commercial paper (certificados bursátiles de corto plazo) program in Mexico for an aggregate amount of MXN$200 million, and (ii) a follow-up offering of 10-year bonds (certificados bursátiles de largo plazo) for MXN$1.5 billion under a program authorized in 2011.
• Participated as counsel to the Mexican National Infrastructure fund Fondo Nacional de Infraestructura (FONADIN) in its equity participation in the US$200 million target amount Balam Fund I, L.P., a private equity fund jointly managed by The Rohatyn Group. Other anchor investors included JBIC and the IDB.
• Participated as counsel to Empresas ICA and subsidiaries in the financing of the construction of, and provision of non-penitentiary services to, two Mexican federal penitentiaries through preferred and subordinated debt offerings for an aggregate amount of approximately US$650 million.
• Participated as counsel to Overseas Private Investment Corporation and Corporación Andina de Fomento in connection with the 2010 US$306 million securitization of certain revenues of the public registry of property administered by IFREM (Instituto de la Función Registral del Estado de Mexico), an institute created by the State of Mexico.

Some of the above representations were handled by Mr. Yturbe prior to his joining Greenberg Traurig, S.C.