Baker McKenzie Advises Fibra MTY on Approximately USD 500 Million International Offering of CBFIs

"Baker McKenzie advised Mexican REIT Fibra MTY on an approximately USD 500 million international offering of Real Estate Trust Certificates (CBFIs) conducted under Rule 144A and Regulation S. The offering was significantly oversubscribed and included the exercise of a “hot deal” option to meet high investor demand. The CBFIs are listed on the Mexican Stock Exchange and net proceeds will fund property acquisitions, maintenance capital expenditures and expansion and other corporate purposes. The firm’s Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the team; other counsel and global coordinators on the deal included Simpson Thacher, Mijares, Creel, Goldman Sachs, BTG Pactual, BBVA and BofA Securities. Fibra MTY, launched in 2014, owns industrial, office and retail properties across 13 Mexican states with over 2 million sqm of gross leasable area."