October 13, 2017

Milbank Represents Docuformas, S.A.P.I. de C.V. in Inaugural Rule 144A High Yield Bond Offering


Milbank, Tweed, Hadley & McCloy LLP represented Docuformas, S.A.P.I. de C.V. (the “Issuer”), the second-largest independent leasing company in Mexico, in its inaugural offering of $150 million aggregate principal amount of 9.250% senior notes due 2022. The proceeds of the notes will be used to repay debt and general corporate purposes.

New York-based Capital Markets partner Carlos Albarracín led the Milbank deal team along with Capital Markets associates Andres Osornio, Don Canavaggio, Matt Gornick and international attorney Leandro Belusci.

Mr. Albarracín said: “Milbank is pleased to represent Docuformas on their inaugural high yield offering. This transaction can pave the way for other similar Mexican corporate credits to tap the international capital markets despite the current challenges and uncertainty in the markets.”

Milbank has a strong Latin America-based corporate finance practice with a robust practice in Mexico and recently represented the underwriters in connection with Mexican textile giant Grupo Kaltex in its $320 million inaugural high yield bond offering, the lead arrangers in Ternium Investments’ $1.5 billion syndicated financing guaranteed by Ternium de Mexico and the $2 billion Euro-denominated credit facility for América Móvil.