Mayer Brown - Latin America

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 Corporate and Securities

Mayer Brown has wide-ranging experience in all segments of the international securities markets. We regularly represent Latin American/Caribbean underwriters and issuers in Eurobond offerings, high-yield bond offerings, the issuance of American Depositary Receipts, and the establishment of Medium Term Notes and Euro Commercial Paper programs. Our underwriting clients include several of the largest US investment banking firms, their foreign affiliates, as well as non-US and domestic banks.

We also advise both companies and their creditors in restructuring transactions. In addition, we regularly counsel corporate clients in connection with their compliance with US securities law, including Sarbanes-Oxley.

  • Telemar.  We acted as US counsel for Telemar Norte Leste S.A., as issuer, in connection with a $750 million 144A/Reg S senior note offering.

  • HSBC Brasil, S.A. We advised HSBC Brasil, S.A. (as originator) and HSBC Securities (as initial purchaser) in a $200 million bond offering secured by Dollar-denominated diversified payment rights sold by HSBC Brasil. The offering, which was enhanced by Financial Guaranty Insurance Company, was the first securitization of remittances by HSBC in Latin America.

  • Banco Bradesco, S.A. We represented ABN AMRO Bank, N.V., as arranger, in a $100 million offering of notes, secured by Dollar-denominated diversified payment rights sold by Banco Bradesco, S.A.  MBIA Insurance Corporation provided credit enhancement for this transaction.

  • TV Azteca. We represented TV Azteca in connection with the withdrawal of its former U.S. counsel and subsequent internal investigation, related securities litigation, and the SEC's civil litigation. We most recently represented TV Azteca, Grupo Elektra and Grupo Iusacell in the termination of their ADR programs and subsequent de-listing. 

  • Princess Juliana International Airport. We represented, RBTT Merchant Bank Limited as underwriter, and Princess Juliana International Airport Operating Company N.V., as issuer, in a $118,690,000 offering of Senior Secured Notes.

  • Corredor Sur Trust. We represented Merrill Lynch & Co. in a $150 million offering of notes by Corredor Sur Trust secured by tolls from Corredor Sur toll road. 

  • C.A. Electricidad de Caracas. We represented ABN AMRO, as underwriter, in a $260 million high-yield bond offering by Electricidad de Caracas Finance B.V., guaranteed by C.A. La Electricidad de Caracas.

  • Cemex España, S.A. We represented Cemex España, S.A. in a $325 million private placement of Senior Notes.

  • National Commercial Bank Jamaica. We represented Credit Suisse Securities (USA) LLC as arranger and initial purchaser in the issuance of $100 million of notes by Jamaica Diversified Payment Rights Company, a company that has purchased from National Commercial Bank Jamaica Limited Dollar-denominated payment obligations relating to SWIFT MT-100 payment orders and other payment rights.

  • Empresas Iansa, S.A. We represented ABN AMRO as underwriter in a $100 million high-yield bond offering by Iansa Overseas Limited, guaranteed by Empresas Iansa, S.A.

  • Homex, S.A. We represented Desarrolladora Homex, S.A. in the initial public offering of 10,100,000 American Depositary Shares (for an aggregate issuance price of approximately $160 million), and involving simultaneous domestic, international and Mexican offerings.

  • Standard Bank. We represented Standard Bank as dealer manager in a $130 million tender offer by Cerveceria Nacional Dominicana, C. por A. to purchase its outstanding Senior Notes due 2013 and represented Standard Bank in financing part of the tender offer through Standard Bank plc’s credit-linked program. This transaction is the first major bond buyback via a tender offer to have taken place in the Dominican Republic and was named Corporate Liability Management Deal of the Year 2008 by Latin Finance.
 
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Contact:
Peter V. Darrow (Americas)
Douglas A. Doetsch (Americas)
David K. Duffee (Americas)
Stephen Hood (Americas)
James P. Patti (Americas)