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Antonio Montes de Oca joined the firm in 2012 and he has focused his practice in the areas of financing, restructuring, banking and capital markets. Prior to joining White & Case, Antonio worked in a prestigious boutique law firm in Mexico City, specializing in corporate, telecommunications and M&A transactions.
Antonio has advised local and foreign banks and corporations in structuring and negotiating loans and he has participated in registered and non-registered equity and debt offerings. His experience also includes transactions related to the infrastructure, energy and oil & gas sectors.
Antonio's international experience is underlined by his time spent working in White & Case's New York office from 2016 to 2017. During this time, he gained valuable experience advising and representing clients in connection with Mexican and Latin American securities laws, debt offerings (Regulation S and Rule 144A) and financing transactions. In October 2017, Antonio resumed his position in our Mexico City office.
Representation of Cydsa, S.A.B. de C.V. as borrower in a term loan credit facility for US$160 million aggregate principal amount and a maturity of 18 years. Cydsa used the proceeds to refinance the costs related to the construction, design and operation of the first system of underground storage of liquid propane gas (LPG) in salt caverns in Mexico and Latin America. The transaction was subject to a regulatory approval from the Mexican Energy Commission (Comisión Reguladora de Energía).
Representation of Comisión Federal de Electricidad (CFE), the national electric company of Mexico (100 percent owned by the Mexican government), as Mexican and New York counsel in the first publicly traded Fibra E (energy and infrastructure investment trust) focused on Mexico´s electric transmission sector and the first publicly traded company sponsored by CFE. CFE Transmisión is the subsidiary of CFE; which owns the entire National Transmission Network (Red Nacional de Transmisión) and is the sole provider of public transmission services in Mexico. As part of the transaction, CFE Transmisión assigned its collection rights under a technical agreement entered into with the CENACE (Centro Nacional de Control de Energía) to a promoted trust. The Fibra E issued CBFEs Series A for an aggregate amount of MXN16,387 million (US$862 million) as part of a global offering in Mexico and abroad (pursuant to Rule 144A/Regulation S) and subordinated CBFEs owned by CFE. The CBFEs were fully registered in the CNBV and listed on the Mexican Stock Exchange.
Representation of a bank syndicate led by BNP Paribas, HSBC, JP Morgan and UniCredit as joint global coordinators and joint physical bookrunners on the issuance of €275 million 6.50% senior notes due 2023 by Nordex SE. The notes are listed on the International Stock Exchange in the Channel Islands.
Representation of ConCrédito on the sale of an equity stake in FinÚtil and Comfu, to Gentera, an international entrepreneurial banking group focused on the financial inclusion of low-income individuals, for MXN2,613 million (US$130 million). FinÚtil is a Mexican non-bank bank focused on granting loans through a network of individuals who act as distributors, and, who in turn, grant loans to low-income individuals. The acquisition involved an initial participation of 36.8 percent in FinÚtil and a convertible debt portion in the next two years under which Gentera may acquire control over ConCrédito.
Representation of Credit Suisse AG, London Branch as agent and lender on a first-lien term loan credit facility to Medanito, S.A. (Argentinian company), as borrower, to be used to refinance certain existing indebtedness and fund working capital.
Representation of Empresa de Transporte de Pasajeros Metro S.A., the owner and operator of the subway transit system serving the city of Santiago, Chile, in connection with its offering of US$500 million in aggregate principal amount of its 5.0 percent notes due 2047, pursuant to Rule 144A/Regulation S. The proceeds of this offering are to be used to finance the construction of two new subway lines and the extension of current lines.