White & Case advises Orbia on MXN 10 billion of issuances

Press Release
1 min read

Global law firm White & Case LLP has advised Orbia Advance Corporation on the reopening of its first and second notes issuances, for an aggregate amount of MXN10 billion (US$585 million). 

The issuances, which both included a sustainability-linked element, were made under Orbia's existing revolving short- and long-term shelf registration program and were extended to MXN 20 billion (US$1.2 billion). The reopening of the first issuance will accrue interest at a variable 28-day Interbank Equilibrium Interest Rate plus 40 basis points, and the reopening of the second issuance will accrue interest at a fixed annual rate of 10.63 percent. 

Orbia is a Mexico City–based global company providing specialty products in the polymer solutions, building and infrastructure, precision agriculture, connectivity solutions and fluorinated solutions sectors. 

The White & Case Capital Markets team was led by partners Eduardo Flores Herrera and Narciso Campos Cuevas, and included local partner Rebeca García López, and associates Viridiana Alanís Carrera and Alonso Arellano Luna (all in Mexico City). Trainee Regina Bohon Robles assisted on the matter.

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