Cleary Gottlieb advised the $1.5 billion offer by Mexico’s top bank Banorte. Here the Banorte building in the city of Pachuca, Hidalgo. (Photo: RubeHM)
Jorge Juantorena and Richard Cooper, Cleary Gottlieb and Fabricio Longhin, Clifford Chance. (Latinvex collage)
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Thursday, November 21, 2024
Cleary, Davis Polk Advise $2.6 Bln Mexico Offers
Clifford Chance advises IDB purchase facility for Chile power tariff receivables.
BY LATINVEX STAFF
Cleary Gottlieb advised the $1.5 billion offer by Mexico’s top bank Banorte and an Ad-Hoc Group of existing bondholders of Azul, the largest airline in Brazil by number of flight departures and cities served, in an agreement to provide up to $500 million of funding; Davis Polk advised Mexican flag carrier Aeroméxico’s two offers totaling $1.1 billion and Clifford Chance advised IDB Invest in connection with an A/B purchase facility for up to $2.4 billion for the sale and purchase of power tariff receivables issued by Chile’s Tariff Stabilization Fund.
Keywords: Capital Market, Chile, Cleary Gottlieb, Clifford Chance, Davis Polk, Mexico
