FERRERE acted as special Paraguayan counsel to BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., and Itau BBA USA Securities, Inc., as initial purchasers, in the offering and tender offer by Telefónica Celular del Paraguay S.A.E. of US$300 million 5.875% Senior Notes under Rule 144A and Regulation S, due 2027.
FERRERE (i) performed an extensive due diligence over the operations of the issuer; and (ii) revised the relevant disclosure sections of the offering memorandum and the transactional documents on matters related to local law.
FERRERE participated with a team lead by partner Verónica Franco, assisted by Juan Da Silva and Juan Manuel Ros, alongside White & Case as the issuer’s international counsel, Davis Polk & Wardwell as the initial purchasers’ international counsel and Gross Brown as the issuer’s local counsel.