DLA Piper advises Alsea in debt restructuring and related US$500 million senior notes offering

DLA Piper represented Alsea S.A.B. de C.V., a Mexico City-based operator of quick service restaurants, coffee shops and casual dining establishments in Latin America and Europe, in its debt restructuring and related US$500 million issuance of senior notes due 2026.

“It was a pleasure for us to assist Alsea on this successful transaction, bringing together a strong cross-border team with extensive debt restructuring and capital markets capabilities and a deep understanding of the Mexican market and the food and beverage sectors,” said Raul Farias, the DLA Piper partner who led the firm’s deal team in New York.

“The DLA Piper team brought a practical, business-oriented approach to this transaction, which, combined with their depth of knowledge, helped achieved our needs and goals as a company. Their legal skills in handling sophisticated and complex transactions made this process as efficient and smooth as possible,” said Rafael Contreras Grosskelwing, CFO of Alsea.

In addition to Farias (New York), the DLA Piper team advising Alsea included partners Xavier Mangino, Edgar Romo (both of Mexico City), Christopher Paci (New York) and Nicolas Teijeiro (Buenos Aires); and associates Gabriel de Corral (Miami), Javier Pichardini, Elena Ibarrola, Adolfo Obregon (all of Mexico City) and Marco D’Angelo (Buenos Aires).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.