The Firm represented BBVA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Santander US Capital Markets LLC, as underwriters, in connection with the public offering of Ps. 17 billion aggregate principal amount of 9.5% Senior Notes due 2031 by América Móvil, S.A.B. de C.V. The notes will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market. América Móvil will use the net proceeds of this offering to finance or refinance, in whole or in part, expenditures and investments in one or more green or 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 March 31, 2023, América Móvil had 301 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, Alejandro de Ramon-Laca and Paulina Bracamontes (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (FINRA/Blue Sky).