Baker McKenzie Advised Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. in the Establishment of a USD 100 million Euro Short-Term Note Program

Leading global law firm Baker McKenzie represented Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (Findep), as issuer, in the establishment of a USD 100 million Euro Short-Term Note Program (the Program). The initial notes issuance was USD 25 million. BCP Securities, Inc. acted as dealer manager.

Under the Program, Findep may, from time to time, issue notes denominated in any currency to be agreed upon between Findep and the relevant dealer at the time of issuance. The net proceeds from the issuance of the notes will be used by Findep to redeem outstanding debt and for general corporate purposes.

Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Steven Sandretto in New York led the Baker McKenzie team, which also included NY-based associates Alejandra Cuadra and Diego Aznar and partner Andres Barroso and tax partner Nadja Ruiz Euler in Mexico.