Axtel’s $500 Million Offering

November 14, 2017

Cleary Gottlieb represented BBVA, Citigroup, J.P. Morgan and Santander as initial purchasers in a global bond offering by Axtel S.A.B de C.V. of its $500 million 6.375 percent senior notes due 2024.

The offering was conducted as a private placement in the United States under Rule 144A and an offshore offering in reliance on Regulation S. The transaction priced on November 9, 2017, and closed on November 14, 2017.

Axtel is a leading Mexican integrated information and communications technology services company that offers information and communications technology solutions to the enterprise segment, which is comprised of corporate, mid- to large-sized businesses, financial institutions and wholesale customers, and to government entities. Axtel also provides symmetric broadband services to micro and small businesses and high-value residential customers.