Orbia $1.1 billion notes offering
We advised Orbia on the investment-grade debt offering
Davis Polk advised Orbia Advance Corporation, S.A.B. de C.V. in connection with the offering of $650 million aggregate principal amount of its 6.800% notes due 2030 and $450 million aggregate principal amount of its 7.500% notes due 2035. The notes were sold in an offering exempt from registration pursuant to Rule 144A / Regulation S.
Orbia is a leading provider of products and solutions in multiple sectors, including construction, infrastructure, agriculture, health, transportation, telecommunications, energy and chemicals.
The Davis Polk corporate team included partner Manuel Garciadiaz, counsel Konstantinos Papadopoulos and associate Lucas Pignaton Fenyves. The tax team included partner Mario J. Verdolini and associate Ted Lee. Members of the Davis Polk team are based in the São Paulo and New York offices.