Simpson Thacher Represents Initial Purchasers in Comisión Federal de Electricidad’s US$2 Billion Debt Offering
02.12.21
This is only gets display when printing
The Firm represented BBVA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Citigroup Global Markets Inc. and Santander Investment Securities Inc., among others, as initial purchasers, in connection with the offerings by Comisión Federal de Electricidad (“CFE”) of US$1.2 billion in aggregate principal amount of its 3.348% Notes due 2031 and US$800 million in aggregate principal amount of its 4.677% Notes due 2051.
The Notes were offered and sold in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, and will be listed on the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF Market.
CFE is the national electricity company of Mexico and is 100% owned by the Mexican government. CFE has the exclusive right to transmit and distribute electricity in Mexico, and it generates most of the electricity consumed in Mexico.
The Simpson Thacher team included Juan Francisco Méndez, Kirsten L. Davis and Francisco Ducci (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).