América Móvil in Ps.15.5 Billion Notes Reopening
July 11, 2025
July 11, 2025
Cleary Gottlieb represented longtime client América Móvil S.A.B. de C.V. (América Móvil) in the reopening of three series of its senior notes totaling Ps.15.5 billion, consisting of a Ps. 6 billion (approximately $319 million) reopening of its 10.125% senior notes due 2029, a Ps. 6 billion (approximately $319 million) reopening of its 9.5% senior notes due 2031, and a Ps. 3.5 billion (approximately $187 million) reopening of its 10.3% senior notes due 2034.
The offering was conducted as a takedown of America Movil’s SEC-registered shelf registration statement and the notes were concurrently offered in Mexico and registered with the Mexican Comisión Nacional Bancaria y de Valores. The notes form part of the same series as, and are fungible with, the previously issued notes, originally offered in 2024, 2023, and 2024, respectively.
BBVA, Citigroup, HSBC, and J.P. Morgan acted as global coordinators. Goldman Sachs, Morgan Stanley, and Santander acted as joint bookrunners. The transaction priced on July 2, 2025, and closed on July 8, 2025.
América Móvil is Mexico’s largest publicly traded company and the leading telecommunications services provider in Latin America. Cleary has advised América Móvil since 2000 on a wide variety of matters, including a substantial number of acquisitions and securities offerings.