News
2019
14
October 14, 2019
Capital Markets
BBVA Bancomer of Mexico places notes for $750 million dollars
Ritch Mueller represented BBVA Securities, Goldman Sachs, HSBC Securities and JP Morgan Securities, in connection with the offering by BBVA Bancomer of USD$750 million of its 5.875% Fixed Reset Subordinated Preferred Tier 2 Capital Notes due 2034 under the medium term note program of BBVA Bancomer...
09
October 09, 2019
Tax
Newsflash: Amendment proposal to restrict interest deductibility in Mexico
The 2020 Economic Plan proposes to introduce subsection XXXII to article 28 of the Mexican Income Tax Law (MITL), with the purpose of limiting the deductibility of net interest paid by companies in a given fiscal year, to the amount that results from multiplying the net adjusted profit by 30%. In...
03
October 03, 2019
Energy and Infrastructure Projects
Ritch Mueller is recognized by LatinFinance as Infrastructure Law Firm of the Year: Mexico
On October 3, LatinFinance held the "2019 Project and Infrastructure Finance Awards" ceremony at The Pierre Hotel in New York, where Ritch Mueller was recognized as Infrastructure Law Firm of the Year: Mexico. The award was received by our partners of the Energy and Infrastructure Projects...
03
October 03, 2019
Capital Markets
PEMEX returns to the international markets with an offer of 7,500 million dollars
Ritch Mueller represented Citigroup Global Markets, Goldman Sachs, HSBC Securities (USA), JP Morgan Securities, BofA Securities, Credit Agricole Securities (USA) and Mizuho Securities USA, (1) in connection with the offers by Petróleos Mexicanos (i) to exchange certain securities for its...
25
September 25, 2019
Mergers and Acquisitions
Sojitz Corporation’s Acquisition of Autofinanciamiento Automotriz
Ritch Mueller advised Auto Financiamiento Automotriz, in its sale of assets (particularly, receivables) to Sojitz Corporation. Read note...
25
September 25, 2019
Capital Markets
Industrias Peñoles’s $1.1 Billion Notes Offering
Ritch Mueller represented Industrias Peñoles, in connection with its offering of USD$1,100 million of its 4.150% Senior Notes due 2029, and 5.650% Senior Notes due 2049. Read note...
18
September 18, 2019
Capital Markets
Grupo Bimbo returns to the markets with a 600 million dollar bond offering
Ritch Mueller represented HSBC, JP Morgan, Mizuho and Santander, in connection with the offering by Grupo Bimbo of USD$600 million of its 4.000% Senior Notes due 2049. Read note (only available in Spanish)...
16
September 16, 2019
Banking and Finance
Mexicana Lamosa subscribes $180 million contract with syndicate of banks
Ritch Mueller represented The Bank of Nova Scotia, in an unsecured credit agreement of USD$180 million to Grupo Lamosa. Read note (only available in Spanish) Other media Globla Legal...
13
September 13, 2019
Tax
Newsflash - 2020 Economic Plan - Main Taxes Takeaway
The 2020 proposed tax reform (the “Tax Reform”) submitted by the Mexican Secretary of Finance before the Mexican Congress includes relevant changes to the Mexican tax provisions which may significantly impact current business structures in Mexico. Tax Transparency. The Tax Reform aims...
10
September 10, 2019
Mergers and Acquisitions
Fagron’s $17 Million Acquisition of 100% Stake in Central de Drogas
Ritch Mueller represented Fagron, in the acquisition of 100% of the outstanding shares of Central de Drogas. Read note Other media Reuters...
