The Firm represented J.P. Morgan Securities LLC, BofA Securities, Inc., BBVA Securities Inc., BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC, as underwriters, in connection with the public offering of US$1 billion aggregate principal amount of 2.875% Senior Notes due 2030 by América Móvil, S.A.B. de C.V. The notes will be listed on the New York Stock Exchange. América Móvil will use the net proceeds of this offering for general corporate purposes including 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, 2020, América Móvil had 282.6 million wireless subscribers and 84.1 million fixed RGUs.
The Simpson Thacher team for this transaction included Juan Francisco Méndez, Kirsten L. Davis and Luana Torres (Capital Markets); Jonathan Cantor and Brian Mendick (Tax); and Jennie Getsin (FINRA/Blue Sky).