Jorge U. Juantorena’s practice focuses on international capital markets and securities regulation.

Jorge typically represents investment banks, sovereign governments, state-owned companies, and SEC reporting companies. He concentrates on cross-border transactions, principally in Latin America.

Jorge has had extensive experience in international financings in public and private markets, in U.S. securities law and regulations applicable to foreign issuers, and in the regulation of financial reporting. He has advised on acquisitions, joint ventures, privatizations, and debt restructurings and specializes in the aeronautical, financial services, and energy and natural resources sectors. 

Widely recognized as a leading cross-border, capital markets lawyer, Jorge is ranked in Band 1 by Chambers Global and Chambers Latin America. He is recognized as “Highly Regarded” by IFLR1000 and a “Leading Lawyer” by the The Legal 500 U.S. He is also recognized as a leading corporate lawyer by The International Who’s Who of Business Lawyers, the Latin Business Chronicle, Latin Lawyer, and Latinvex. In 2022, he was awarded International Lawyer of the Year by Latin Lawyer.   

Jorge has spoken and published on legal opinion practice, securities regulation, international securities offerings, and privatizations.

Jorge joined the firm in 1992 and became a partner in 2000.

Notable Experiences

  • Pemex in its international capital markets and liability management transactions, including:

    • over $70 billion in global offerings of debt securities, including:
      • €4.25 billion Reg S bond offering, the largest euro denominated emerging-market corporate bond offering on record;
      • $6 billion debt offering, the largest ever by a Mexican company; and 
      • Ps. 17 billion offering of “Euroclearable” Cebures, the first offering of corporate debt securities governed by Mexican law to clear through Euroclear;
    • several landmark liability management transactions targeting over $60 billion in outstanding securities through a combination of tender offers and exchange offers; and
    • successful solicitation of consents from the holders of more than 40 series of over $40 billion of debt.
  • United Mexican States in several international capital markets transactions, including:

    • over $20 billion in bond offerings and liability management transactions, including:
      • €750 million inaugural SDG bond offering, a new type of bond linked to the UN’s sustainable development goals.
  • Issuers and underwriters in several IPOs, including:

    • The IPOs of Mexico’s three airport groups (ASUR, OMA, and GAP), which raised over $2 billion as part of the opening of the airport sector to private investment;
    • Nemak’s Rule 144A/Reg S $690.6 million global IPO;
    • Grupo GICSA’s Rule 144A/Reg S $420 million global IPO;
    • IEnova, one of the largest private energy companies in Mexico, in its $600 million IPO and $1.45 billion follow-on offering;
    • Hoteles City Express in its $197 million Rule 144A/Reg S IPO and subsequent $195 million follow-on equity offering;
    • Terrafina in its $610 million IPO and $340 million follow-on equity offering;
    • Macquarie Mexican REIT’s Ps. 16.1 billion IPO and Ps. 4.23 billion follow-on equity offering;
    • Unifin Financiera’s Rule 144A/Reg S $240 million global IPO; and
    • Grupo Rotoplas’ Rule 144A/Reg S $260 million global IPO.
  • Comisión Federal de Electricidad in over $12 billion of global bonds, including its inaugural $1.75 billion sustainable bonds offering, its $1.1 billion tender offer, and two $100 million credit facilities.

  • Orbia in its $1.1 billion inaugural sustainability-linked bond offering, its $328 million abbreviated cash tender offer, and its Rule 144A/Reg S $750 million global bond offering.

  • Grupo GICSA in a novel real estate structured finance transaction involving concurrent offerings of three series of senior secured notes, one series of junior notes, and a bridge loan.

  • Industrias Peñoles in its Rule 144A/Reg S debut bond offerings for $1.1 billion, and subsequent $600 million Rule 144A/Reg S bond offering.

  • Banco Inbursa in its Rule 144A/Reg S $1 billion senior notes offering.

  • Fresnillo in its $850 million Rule 144A/Reg S bond offering and concurrent tender offer.

  • Unifin Financiera’s $400 million inaugural Rule 144A/Reg S high-yield bond offering, its $450 million Reg S/Rule 144A high yield notes offering, $200 million Rule 144A/Reg. S senior notes offering, and its $128 million exchange offer.

  • Grupo Bimbo’s Rule 144A/Reg S $1.3 billion senior notes offering and Bimbo Bakeries USA’s $600 million Rule 144A/Reg S notes offering.

  • Liverpool’s Rule 144A/Reg S $300 million inaugural bond offering.

  • IEnova as underwriters counsel in its $840 million debut Rule 144A/Reg S global bond offering, the proceeds of which were used for the development of two solar farms, and its subsequent $800 million Rule 144A/Reg S bond offering.

  • Southern Copper’s SEC-registered $2 billion notes offering.

  • Kio Network’s Rule 144A/Reg S $500 million inaugural bond offering.

  • Grupo Posadas and its affiliate Operadora del Golfo de Mexico S.A. de C.V., the largest hotel operator in Mexico, in their successful $392.6 million restructuring, and in restructuring agreements with key noteholder groups.

  • Santander Mexico in Santander Spain’s 2019 exchange offer and 2021 tender offer to acquire the issued and outstanding Series B shares of Santander Mexico and ADSs not already owned by Santander Spain.

  • Corpbanca and Itau Unibanco’s merger agreement, following which the new entity became the fourth-largest private bank in Chile.

  • Operadora de Sites Mexicanos in its inaugural debt offering of Ps. 3.5 billion.

  • Nemak’s sustainability-linked bond offerings for €500 million and $500 million.

  • Alfa’s Rule 144A/Reg S $1 billion inaugural global bond offering.

  • Citizens Financial Group’s $600 million exchange and tender offers and subsequent subordinated notes exchange offer.

  • Prudential Financial’s $1.5 billion and $1 billion fixed-to-fixed reset rate junior subordinated notes offerings.

  • Alkermes Public Limited Company in its $250 million direct registered sale.

  • The Republic of Guatemala in its Rule 144A/Reg S offering of $500 million.

  • Four airport groups in Mexico, including the Mexico City Airport Group, the Pacific Airport Group, the Southeast Airport Group, and the Central North Airport Group, in their capacities as trade creditors in the voluntary reorganization and restructuring of Grupo Aeromexico’s debt under Chapter 11 protection in the United States.

  • Credit Suisse, as lead arranger, in a $180 million senior secured guaranteed term loan facility and a $30 million revolving loan facility for Agro Vision and its subsidiary, Argovision Peru.

  • Empresas ICA, S.A.B. de C.V. and its subsidiaries (ICA) in connection with the restructuring of over $3.5 billion of indebtedness.

  • Goldman Sachs, Credit Suisse, Barclays, Morgan Stanley, and MUFG, as initial purchasers, in a $1.05 billion Basel III capital offering by Banco Mercantil del Norte S.A., Institución de Banca Múltiple, Grupo Financiero Banorte.

  • The underwriters in an SEC-registered offerings by Prudential Financial Inc. of $1.2 billion and a $1 billion SEC-registered offering.

  • BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., and SG Americas Securities LLC, as underwriters, in the Republic of Chile’s SEC-registered sustainability-linked bond offering of $2 billion.

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