Clifford Chance advises LatAm regional real estate platform Mobiliare on debut notes issuance in the international capital markets

Global law firm Clifford Chance has advised Mobiliare Latam, S.A. and Mobiliare Latam México, S.A. de C.V., as co-issuers, on a debut Rule 144A/Reg S issuance of US$500 million aggregate principal amount of 6.750% Notes due 2032 (the Notes). The Notes are guaranteed by subsidiaries of Mobiliare operating across several Latin American jurisdictions.

Mobiliare is a Latin American real estate company with active operations in Guatemala, Peru, Mexico, Costa Rica, El Salvador, Colombia, Ecuador, Honduras and Nicaragua. The issuance, the largest by a Latin American real estate C-Corp in more than 10 years, makes Mobiliare the first multi-country Latin American real estate platform to access the international debt capital markets.

The team advising on the transaction was led by partner Hugo Triaca with support from associates Joyce Moore and Agata Radajczyk and foreign law clerks Casilda Caso and Camila Munive. Additional support was provided by:

• ’40 Act: partner Jefferey LeMaster and associates Emily Picard and Jillian Leavey
• Tax: partner Avrohom Gelber and associate Wei Bin Tan
• ERISA: associate Thomas Koh

Clifford Chance advises on many similar transactions in the region, including recently on the debut notes issuance by Threelands Energy and the debut international notes offering by Peruvian electricity company Luz del Sur.