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Conyers advises Latin American Airports Holdings Ltd. on US$550 million notes offering

November 2012 Jason Piney

Conyers Dill & Pearman Limited advised Latin American Airports Holdings Ltd. (LAAH), a Bermuda company, in connection with an offering of US$550 million aggregate principal amount of 9.250% Senior Secured Notes due 2019 made by LAAH’s indirect subsdiairy Aeropuertos Dominicanos Siglo XXI (Aerodom). LAAH is controlled by affiliates of private equity firm Advent International. The notes are unconditionally guaranteed by LAAH and other intermediate holding companies (including a further Bermuda guarantor). This offering, which completed on 13 November 2012, represents the largest ever bond transaction by a Dominican corporate issuer. J.P. Morgan Securities LLC acted as the initial purchaser.

Aerodom has an exclusive concession to operate, maintain and develop the six airports that comprise the public airport system in the Dominican Republic, including Las Américas International Airport in the capital Santo Domingo, the country’s largest city. LAAH also owns Inmobiliaria Fumisa SA de CV, which holds a master lease to substantially all of the commercial space in the international wing of Terminal 1 at Mexico City International Airport.

Jason Piney of Conyers’ Bermuda office advised on Bermuda law aspects of the offering and the guarantee by LAAH alongside, amongst others, Simpson Thacher & Bartlett LLP who acted for Aerodom.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


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Deals & Transactions

Conyers advises Latin American Airports Holdings Ltd. on US$550 million notes offering

20 November 2012 Jason Piney

Conyers Dill & Pearman Limited advised Latin American Airports Holdings Ltd. (LAAH), a Bermuda company, in connection with an offering of US$550 million aggregate principal amount of 9.250% Senior Secured Notes due 2019 made by LAAH’s indirect subsdiairy Aeropuertos Dominicanos Siglo XXI (Aerodom). LAAH is controlled by affiliates of private equity firm Advent International. The notes are unconditionally guaranteed by LAAH and other intermediate holding companies (including a further Bermuda guarantor). This offering, which completed on 13 November 2012, represents the largest ever bond transaction by a Dominican corporate issuer. J.P. Morgan Securities LLC acted as the initial purchaser.

Aerodom has an exclusive concession to operate, maintain and develop the six airports that comprise the public airport system in the Dominican Republic, including Las Américas International Airport in the capital Santo Domingo, the country’s largest city. LAAH also owns Inmobiliaria Fumisa SA de CV, which holds a master lease to substantially all of the commercial space in the international wing of Terminal 1 at Mexico City International Airport.

Jason Piney of Conyers’ Bermuda office advised on Bermuda law aspects of the offering and the guarantee by LAAH alongside, amongst others, Simpson Thacher & Bartlett LLP who acted for Aerodom.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


 

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Aviation


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