Orbia Issues MXN 6.2 Billion in Notes Under CNBV Program
Deal News | Apr 15, 2025 | White & Case LLP
Global law firm White & Case LLP has advised Orbia Advance Corporation on its third and fourth notes issuances totaling MXN 6.2 billion. These issuances are part of Orbia’s revolving short and long-term shelf registration program approved by the Mexican National Banking and Securities Commission (CNBV). The third issuance will carry interest at a floating rate of TIIE de Fondeo plus 95 basis points, whereas the fourth issuance is fixed at an annual rate of 11.73 percent. Orbia operates globally in several segments, including Polymer Solutions and Precision Agriculture, among others. The Orbia in-house legal team and White & Case's Mexico City-based capital markets team jointly spearheaded the advisories.
Sectors
- Legal Services
- Capital Markets
- Polymer Solutions
- Infrastructure
Geography
- Mexico – The transactions were authorized by the Mexican National Banking and Securities Commission, and key advisors were based in Mexico City.
Industry
- Legal Services – White & Case LLP, a global law firm, played a crucial role in advising Orbia on the notes issuances.
- Capital Markets – The article involves a significant financial transaction related to capital markets through the issuance of notes.
- Polymer Solutions – Orbia operates in the Polymer Solutions segment, which is affected by the funds raised through the notes issuances.
- Infrastructure – Orbia’s operations in Building and Infrastructure are relevant to its strategic funding endeavors.
Financials
- MXN 6.2 billion – Total value of the two notes issuances under the CNBV-approved program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orbia Advance Corporation, S.A.B. de C.V. | Target | Company | A global company engaged in polymer solutions and other sectors, issuing notes under a CNBV program. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising Orbia on its notes issuances. |
| Mexican National Banking and Securities Commission (CNBV) | Regulatory Authority | Government | Authorized the shelf registration program for Orbia's notes issuances. |
| Andrs Angulo | Assistant General Counsel | Person | Led the Orbia in-house legal team for the transaction. |
| Valeria Chapa | Vice President & General Counsel | Person | Directed the Orbia in-house legal team. |
| Paola Uriza | Senior Legal Manager | Person | Part of Orbia's in-house legal team supporting the transaction. |
| Eduardo Flores Herrera | Capital Markets Partner | Person | Led the White & Case team advising on the transaction. |
| Narciso Campos Cuevas | Capital Markets Partner | Person | Part of the White & Case team advising on the transaction. |
| Jorge Escalante | Capital Markets Counsel | Person | Contributed to the White & Case advisory for Orbia. |
| Jorge Reyes Jurez | Associate | Person | Part of the White & Case advisory team. |