The Firm represented BBVA, Citigroup, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley and Santander, as underwriters, in connection with the public offering of Ps.17.5 billion (equivalent to approximately US$1.1 billion) in aggregate principal amount of 10.125% Senior Notes due 2029 by América Móvil, S.A.B. de C.V. The notes are registered with the U.S. Securities and Exchange Commission and with the Comisión Nacional Bancaria y de Valores (the Mexican National Banking and Securities Commission), and will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market and on the Bolsa Mexicana de Valores, S.A.B. de C.V. (the Mexican Stock Exchange). América Móvil will use the net proceeds from the offering of the notes for general corporate purposes.
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 14 other countries in the Americas and seven countries in Central and Eastern Europe. As of December 31, 2023, América Móvil had 310.1 million wireless voice and data subscriptions and 73.7 million fixed RGUs.
The Simpson Thacher team for this transaction included Juan Francisco Méndez, Kirsten L. Davis and Isaac Cattan (Latin America - Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (FINRA/Blue Sky).