Juan F. Méndez

The Firm represented Citigroup, Goldman Sachs, HSBC, BBVA, J.P. Morgan, Morgan Stanley and Santander, as underwriters, in connection with the public offering of Ps.20 billion (equivalent to approximately US$1.2 billion) in aggregate principal amount of 10.300% Senior Notes due 2034 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 to finance or refinance, in whole or in part, expenditures and investments in one or more eligible green projects or eligible social projects.~~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 13 other countries in the Americas and seven countries in Central and Eastern Europe. As of September 30, 2023, América Móvil had 306.2 million wireless voice and data subscribers and 73.4 million fixed RGUs.~~The Simpson Thacher team for this transaction included Juan Francisco Méndez, Kirsten L. Davis, Isaac Cattan and Larissa Gebrim (Latin America - Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (FINRA/Blue Sky).

May 2

1 min

Simpson Thacher was recognized in several categories at the 2025 Latin Lawyer Awards. Todd Crider, Head of Simpson Thacher’s Latin America Practice, was named “International Lawyer of the Year” for his work advising “big-name clientele” in the private equity space, including Advent, Carlyle, KKR and others, as well as for his prowess advising on “highly relevant cross-border M&A transactions” and “several of Latin America’s landmark IPOs over the years.” In addition, two matters on which the Firm advised were named “Deal of the Year” in their respective categories. Argos’ exchange of its shares in Grupo Nutresa for a majority stake in Grupo Sura, on which Simpson Thacher, led by Partner Juan Méndez, advised Grupo Nutresa, was recognized in the “M&A: Public Companies” category. And the business combination of Vinci Partners and Compass Group, on which the Firm, led by Todd Crider and Head of Simpson Thacher’s São Paulo office, Grenfel Calheiros, represented Vinci Partners, was named “Private Equity Deal of the Year.”~~Held annually, the Latin Lawyer Awards recognize the most significant deals in Latin America over the last year as well as the lawyers who advised on them. To learn more, and to view the full list of winners, please click here (subscription required).

Dec 5

1 min

Simpson Thacher represented YPF Energía Eléctrica S.A. (YPF Luz) in connection with its offering of US$420 million aggregate principal amount of 7.875% Senior Notes due 2032, in reliance on Rule 144A and Regulation S.~~YPF Luz is engaged in the development and generation of electrical power from both conventional and renewable sources in Argentina. YPF Luz is 72.7% owned by YPF S.A., Argentina’s largest energy company, and 24.9% owned by GE EFS Power Investments B.V.~~The Simpson Thacher team included Juan Francisco Méndez, Juan Naveira, Jon Vicuña and Matias Allende (Capital Markets), and Jon Cantor and Sean Largey (Tax).

May 11

1 min

The Firm recently represented Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as initial purchasers, in connection with the issuance and sale by the Dominican Republic of US$750,000,000 aggregate principal amount of its 6.600% Bonds due 2036, US$500,000,000 aggregate principal amount of its 7.050% Bonds due 2031 and DOP$105,000,000,000 aggregate principal amount of its 10.750% Bonds due 2036. The 7.050% Bonds due 2031 represented additional securities of a series that had been issued in the aggregate principal amount of US$700,000,000 in February 2023. The sovereign debt offerings were conducted in reliance on the exemptions from registration under Rule 144A and Regulation S.~~The Firm also represented Citigroup and J.P. Morgan as dealer managers in connection with the repurchase by the Republic of a portion of its outstanding 5.500% Bonds due 2025 in a concurrent cash tender offer.~~The proceeds from the offerings were used to pay the consideration for the bonds that were validly tendered and accepted in the tender offer, with the remainder for general purposes of the Government of the Republic, including the partial financing of the 2024 Budget. In addition, the Republic intends to allocate an amount equal to the net proceeds from the 6.600% Bonds due 2036 to fund budgetary programs that qualify as “eligible green expenditures” under the Republic’s Green, Social, and Sustainability Bond Framework.~~The Simpson Thacher team included Juan F. Mendez, Kirsten L. Davis, José M. Colin and Matias Allende (Capital Markets); Michael Mann and Andrew Mandelbaum (Tax).

Jul 16

1 min

Simpson Thacher was ranked second among the most active international law firms practicing in Latin America for 2024 by deal volume (overall number of deals), according to Latin Lawyer’s “Deal Tracker Report: 2024 Year in Review.” The Firm was recognized for advising on 66 deals in 2024, including on Liverpool’s $6.25 billion acquisition of Nordstrom, the second-largest transaction in Latin America during the year. The Firm also ranked among the top five international law firms with the highest combined value for Latin American deals in 2024, advising on $36.7 billion worth of deals during that time.~~Partner Juan Francisco Méndez was recognized as the most active international law firm partner in Latin America in 2024. Partner Paulo Cardoso was also included among the top 10 most active partners in the region. Senior Counsel Kirsten Davis was recognized as the most active international law firm counsel or associate in 2024, and Associates Isaac Cattan, Jon Vicuña and Laura Ribero were also included among the top 10 most active counsel or associates.~~Todd Crider, Head of the Firm’s Latin America Practice, was also quoted in the report on dealmaking trends in the region. Todd noted that, “Despite the downturn of the past few years, we continue to see deals happening throughout the region and are optimistic that M&A will face a more favourable environment in the second half of 2025 and into 2026.” He further explained how “amid fluctuating market conditions, rising interest rates regionwide and the cost of local debt increasing, companies have been prompted to look towards the U.S. dollar and the cross-border market.” Commenting on the outlook for the region going forward, Todd stated that the energy and infrastructure sectors “will remain significant growth drivers, with a particular focus on data centres and digital transactions, as well as transactions focused on supplying the necessary energy to data centres.”~~To read the full report, please click here (subscription required).

Nov 7

1 min