Greenberg Traurig Counsels Volkswagen Leasing on Major $200 Million Note Issuance in Mexico
In a landmark move for automotive financing, the Mexico City office of global law firm Greenberg Traurig, LLP, has served as external legal advisors to Volkswagen Leasing (VWL) during a significant two-tranche issuance of notes totaling $200 million. This notable transaction, which represents VWL’s most substantial issuance in Mexico in the last 15 years, underscores the firm’s expertise in capital markets and its strategic role in the automotive finance sector.
The notes are backed by Volkswagen Financial Services Overseas AG and were underwritten by a consortium of leading financial institutions, including Casa de Bolsa BBVA Mexico, Grupo Financiero BBVA Mexico, HSBC Casa de Bolsa, Grupo Financiero HSBC, and Casa de Bolsa Santander, Grupo Financiero Santander Mexico. The role of CIBANCO as the common representative further highlights the collaboration among prominent players in the Mexican financial landscape.
A Leader in Automotive Financing
Volkswagen Leasing is recognized as the premier automotive financing entity in Mexico, known for its exceptional volume of issuances and a strong commitment to providing innovative financing solutions. The $200 million note issuance not only cements VWL's market leadership but also reflects the growing confidence of investors in the automotive sector amid a dynamic economic environment.
Expert Legal Guidance
The Greenberg Traurig team, led by David Argueta, a seasoned Capital Markets Shareholder, played a crucial role in navigating the complexities of this issuance. Andres Gallastegui, an Associate at the firm, also contributed significantly, demonstrating the firm’s commitment to delivering tailored legal solutions that meet the unique needs of its clients.
“Our collaboration with Volkswagen Leasing on this substantial note issuance illustrates our deep understanding of the automotive finance sector and our dedication to providing top-tier legal counsel,” said Argueta. “We are proud to support VWL in this landmark transaction that strengthens its position in the market.”
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About Greenberg Traurig’s Mexico City Office
Greenberg Traurig's Mexico City office is renowned for its strategic legal advice across a variety of traditional and contemporary regulatory areas. With over 60 bilingual attorneys, the office has been instrumental in significant national projects, leveraging the firm's extensive global resources to provide customized legal services that reflect the specific dynamics of the Mexican market.
The Mexico City office is an integral part of Greenberg Traurig's award-winning Latin America Practice, recognized for excellence in areas such as competition, corporate law, M&A, compliance, infrastructure, real estate, privacy, tax, international trade, energy, administrative litigation, and banking practices in Mexico.
Greenberg Traurig Overview
Greenberg Traurig, LLP boasts a global footprint with over 2,750 attorneys across 48 offices in the United States, Europe, the Middle East, Latin America, and Asia. The firm has received the 2022 BTI “Highly Recommended Law Firm” designation for exceptional client service and consistently ranks among the leading firms in the Am Law Global 100 and NLJ 500.
In addition to its legal prowess, Greenberg Traurig is distinguished by its commitment to sustainability, utilizing 100% renewable energy in its U.S. offices, certified by the Center for Resource Solutions Green-e® Energy program, and participating in the U.S. EPA’s Green Power Partnership Program. The firm is also recognized for its philanthropic efforts, innovative practices, commitment to diversity, and pro bono work.
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