Organisation: Citibank

Court throws out Petrobras mega claim against Brazilian banks

Several law firms have helped a syndicate of Brazil’s largest banks defeat a 40 billion reais (US$8 billion) claim brought against them by Petrobras, in which the state-owned oil giant accused the finance groups of conspiring to manipulate foreign exchange rates between 2007 and 2013.

21 February 2024

Mexican energy group Valia gets US$810 million financing

Two Milbank offices and Mijares, Angoitia, Cortés y Fuentes SC in Mexico City have helped Mexico’s Valia Energía obtain US$810 million worth of project financing for a portfolio of gas-fired power plants by issuing new debt and obtaining a credit line.

31 January 2024

YPF raises US$800 million and makes tender offer

Two Cleary Gottlieb Steen & Hamilton LLP offices and Bruchou & Funes de Rioja in Buenos Aires have helped Argentine oil behemoth YPF raise US$800 million in a notes issuance at the same time that it made a tender offer to buy back debt.

23 January 2024

Peru's Auna makes exchange offer and gets credit line

Two Davis Polk & Wardwell LLP offices, Rodrigo, Elías & Medrano Abogados in Lima, Posse Herrera Ruiz in Bogotá and Mexico’s Ritch Mueller y Nicolau, SC have helped Peruvian medical group Auna complete an exchange offer for US$243 million and obtain a US$550 million credit line.

10 January 2024

Peru’s Unacem gets US$345 million loan to buy US cement assets

Several Dorsey & Whitney LLP offices have helped Peruvian cement maker Unacem obtain a US$345 million financing to fund the acquisition of cement assets from US construction company Martin Marietta Materials.

29 November 2023

LatAm-focused miner Nexa obtains sustainability-linked loan

Two Simpson Thacher & Bartlett LLP offices, Elvinger Hoss Prussen in Luxembourg and Rebaza, Alcázar & De Las Casas in Lima helped a syndicate of banks, including BBVA, Citibank and HSBC, grant a US$320 million credit facility to Luxembourg-based mining group Nexa Resources.

23 November 2023

Argentine aluminium company makes US$138 million offering

Linklaters in New York and Bomchil in Buenos Aires have helped Argentine aluminium company Aluar Aluminio Argentino issue US$138 million worth of notes.

31 October 2023

Private equity group sued for ‘rigged’ sale of LATAM’s aircraft

A global investment manager is being sued for the second time in three years for allegedly implementing a “sham foreclosure sale” of a bankrupt airline's aircraft.

15 September 2023

Brazil’s Viveo raises US$250 million in offering

Brazilian healthcare company Viveo has enlisted two Simpson Thacher & Bartlett LLP offices and Mattos Filho in São Paulo to raise 1.2 billion reais (US$250 million) in a follow-on offering.

15 August 2023

Citi acquires Deutsche Bank’s Mexican licence as it eyes IPO

International firm White & Case LLP and Creel, García-Cuéllar, Aiza y Enríquez SC in Mexico City have helped Citigroup acquire Deutsche Bank’s Mexican banking licence, moving the US financier one step closer to launching an IPO for its local subsidiary Banamex.

11 August 2023

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