Federico Álvarez González
Federico's practice includes, among others, capital markets, project financing, government procurement, regulatory and banking, corporate finance, as well as the implementation and development of infrastructure projects and aircraft financing.
During 2014 and 2015 he was assigned to the New York office of White & Case LLP, as a foreign associate. Federico has vast knowledge in project financing deals and in the structuring of aircraft financing transactions.
Banorte CHF$250 million Swiss Offer, 2019
Representation of Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte, acting through its Cayman Islands Branch (Banorte), as issuer on the offering of CHF$250 million principal amount of its 1.550% Bonds due 2022 in the Swiss market. This transaction represented the largest ever transaction by a Mexican financial institution in the Swiss Franc market. The CHF 250m transaction size is the largest issuance by a LatAm financial institution in the Swiss Franc market in the past 5 years.
Active Leasing MXN 3 Billion Trust Certificates Program and First Issuance Under Program, 2019
Representation of Active Leasing, S.A. de C.V. in the authorization in Mexico of a MXN 3 billion trust certificates program and in its first asset leasing (cars) securitization for MXN 253 million, under the program. The trust certificates are listed on the Mexican Stock Exchange and registered in Mexico. The proceeds were used to prepay the first securitization issued by Active Leasing in 2017 and to increase Active Leasing's lease origination.
Waypoint Leasing Holdings Chapter 11 Proceedings, 2019
Representation of Waypoint Leasing Holdings Ltd., and certain of its affiliates and subsidiaries, as debtors and debtors in possession, as special counsel with respect to aviation matters in proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. This matter involved the negotiation of the aviation portions of the aircraft purchase agreement with the stalking-horse bidder (Macquarie Rotorcraft) and with the purchasers under certain credit bid purchase agreements; the sale of 125 aircraft on lease to 42 lessees in 31 different jurisdictions and the corresponding lease assignments and related documents assignments.
Comisión Federal de Electricidad Energy and Infrastructure Investment Trust, 2018
Representation of Comisión Federal de Electricidad (CFE), the national electric company of Mexico, as Mexican 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. 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 750,000,000 CBFEs Series A for an aggregate amount of MXN 16,387 million (US$862 million) as part of a global offering in Mexico and abroad (pursuant to Rule 144A/Regulation S) and 250,000,000 subordinated CBFEs owned by CFE. The CBFEs were fully registered in the CNBV and listed on the Mexican Stock Exchange. The proceeds of the issuance were used for the Fibra E to acquire a 6.85 percent economic ownership in the promoted trust, and therefore have an indirect interest in the revenues from the transmission business.
Grupo Financiero Banorte US$1.4 Billion Acquisition of Grupo Financiero Interacciones, 2018
Representation of Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTE) in reaching an agreement and obtaining all regulatory and corporate approvals to acquire through merger Grupo Financiero Interacciones, S.A.B. de C.V. (GFINTER), including its banking, broker-dealer, insurance and asset manager subsidiaries, through a merger valued at approximately US$1.4 billion. GFINTER shareholders received a combination of cash, via distribution immediately prior to the merger closing, and new GFNORTE shares issued in a stock-for-stock merger.
Ficein MXN 300 Million Securitization, 2018
Representation of Ficein Unión de Crédito S.A. de C.V., in its second securitization in the Mexican market. The amount of the offering was MXN 300 million. The issuance was made under Ficein's MXN 2 billion program authorized by the Mexican Banking and Securities Commission. The proceeds of the securitization were used by Ficein to continue funding its loan portfolio. The securities are listed on the Mexican Stock Exchange.
Banca Afirme's MXN 1.2 Billion Subordinated Non-Preferred Notes Issuance, 2018
Representation of Banca Afirme, as issuer on the issuance of MX$1,200'000,000.00 subordinated non-preferred notes due 2028, publicly offered in Mexico and listed on the Bolsa Mexicana de Valores, S.A.B. de C.V. The Notes main purpose is to strengthen the Tier II capital of the bank.
FinÚtil MXN 500 Million Securitization, 2018
Representation of FinÚtil, S.A. de C.V., SOFOM, E.N.R. (FinUtil), in its third issuance in the Mexican market of MXN 500 million due 2021. The issuance was made under FinUtil's second MXN 1 billion program authorized by the Mexican Banking and Securities Commission. The proceeds of the issuance were used by FinUtil to pay in advance its existing second issuance and to continue funding its loan portfolio.
Banorte Certificados Bursátiles Issuances, 2018
Representation of Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte (Banorte), on its first issuance (BANORTE 18) and its second issuance (BANORTE 18-2) of debt certificates (certificados bursátiles) under its locally registered debt issuance program as recurrent issuer. The amount of the first issuance was MXN 1.870 billion with a maturity of 2 years, while the amount of the second issuance was MXN 2.663 billion with a maturity of 4 years. Both issuances were publicly offered in the Mexican securities market, locally registered with the National Banking and Securities Commission (CNBV) and listed on the Mexican Stock Exchange.
Goldman Sachs Specialty Lending Group US$95 Million Credit, 2018
We represented Goldman Sachs Specialty Lending Group, L.P., as Administrative Agent, Collateral Agent, and Lead Arranger and GLAS Americas LLC as LatAm Collateral Agent in a US$95 million loan granted to Coöperatie Centennial TWR Holdings U.A., as Borrower, and certain subsidiaries of Centennial Towers LUX Holding 2, as Guarantors (including two Mexican subsidiaries, Centennial TWR Mexico, S.A. de C.V. and Polar Breeze, S.A. de C.V.), and in connection with the Mexican security package.