News
2023
19
October 19, 2023
Tax
Newsflash - Mexico grants tax incentives to boost Nearshoring
Tax benefits to key export sectors aiming at optimizing their operations through nearshoring.Accelerated depreciation for new fixed assets, at rates between 56% to 89%, surpassing standard depreciation rates. Additional 25% deduction on training expenses for employees, encouraging skill...
05
October 05, 2023
Energy and Infrastructure Projects
Ritch Mueller is recognized by LatinFinance in the category: Infrastructure Finance of the Year - Mexico
On October 5, LatinFinance held the 2023 Project and Infrastructure Finance Awards ceremony in New York, to recognize the most relevant transactions in the infrastructure sector in Latin America, as well as the leading companies, financial institutions and law fims involved in such...
04
October 04, 2023
Banking and Finance
LatAm firms help Canada’s Orla Mining refinance loan
Ritch Mueller represented The Bank of Nova Scotia, Bank of Montreal and Canadian Bank of Commerce, in the refinancing of an existing USD$150 million credit facility for Orla Mining, amending it to USD$200 million. Learn more about our experience and professionals of the Banking and Finance...
03
October 03, 2023
Capital Markets
Fibra Educa makes its debut in the Mexican thematic bond market
Ritch Mueller represented Fibra Educa, in the establishment of a program for the placement of longterm revolving Trust Certificates, for an amount of up to MXN$20,000 million, and the first three issuances pursuant thereto, for an amount of MXN$3,739 million linked to sustainability. Learn more...
02
October 02, 2023
Mergers and Acquisitions
Agora Report: M&A in the second quarter of 2023 - What has been the market performance in Mexico?
LexLatin published its ranking of Legal Firms that advised on the highest number of M&A transactions during the second quarter of 2023. Ritch Mueller was recognized as the second-leading firm in Mexico, participating in 18 transactions with a total amount of USD$15,208 million. ...
25
September 25, 2023
Competition and Antitrust
Newsflash - COFECE identified barriers to competition in the card payment processing market
Find out about the 3 barriers that COFECE considers have contributed to the exclusion of companies in the field of card payment processing. Learn about the recommendations that COFECE made to BANXICO and CNBV, as well as the order it issued to PROSA and GLOBAL.Pursuant to the "Summary of the...
05
September 05, 2023
Energy and Infrastructure Projects
Mergers and Acquisitions
Capital Markets
Mexican investor ups stake in Pan American Energy oil field
Ritch Mueller represented Ainda, in the acquisition by its infrastructure and energy fund of an additional 4.4% interest in the offshore block 1.2, contract area 2, owned by Hokchi Energy, which resulted in a total participation of 8% in such offshore block, as well as in securing coinvestment...
31
August 31, 2023
Capital Markets
Televisa and TelevisaUnivision make USD$800 million debt deals
Ritch Mueller represented HSBC Securities and Santander US Capital Markets, as dealer managers, in connection with a public cash tender offer by Televisa for up to USD$300 million of five different series of Notes. Learn more about our experience and professionals of the Capital...
31
August 31, 2023
Banking and Finance
Grupo Bimbo obtains USD$125 million sustainability-linked loan
Ritch Mueller represented Bank of America, as Lender, in Grupo Bimbo’s USD$125 million sustainability-linked revolving credit facility, maturing in 2028. Read note (subscription site) Other media: Líder Legal (only available in Spanish)...
23
August 23, 2023
Capital Markets
Mexican logistics group Traxión makes equity offering
Ritch Mueller represented BofA Securities, as the Mexican bookrunner in the follow-on transaction, in which Traxión issued just under 164 million shares, which are listed on the Mexican stock exchange. Read note (subscription site) Other media: LexLatin (only available in Spanish)...
