Simpson Thacher Represents Underwriters in Offering of Senior Notes by América Móvil
07.01.19
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The Firm represented the underwriters in connection with the public offering of €1 billion aggregate principal amount of 0.75% Senior Notes due 2027 by América Móvil, S.A.B. de C.V. The notes will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market. América Móvil will use the net proceeds of this offering for the repayment of outstanding debt.
América Móvil, which is organized in Mexico, is a leading telecommunications services provider in Latin America, ranking first in wireless, fixed-line, broadband and Pay TV services based on the number of revenue generating units (“RGUs”). América Móvil’s largest operations are in Mexico and Brazil. América Móvil also has operations in 16 other countries in the Americas and seven countries in Central and Eastern Europe. As of March 31, 2019, América Móvil had 277.4 million wireless subscribers and 84.5 million fixed RGUs.
The Simpson Thacher team for this transaction included Juan Francisco Méndez, Kirsten L. Davis and Miluska Gutierrez Vega (Capital Markets); and Jonathan Cantor (Tax).