Hogan Lovells transaction recognized as "Corporate ESG Deal" of the Year by LatinFinance

Hogan Lovells advised long-time clients The Central America Bottling Corporation (“CBC”), CBC Bottling Holdco, S.L., and Beliv Holdco, S.L., as co-issuers (the “Co-Issuers”) in connection with (i) a Rule 144A and Regulation S offering of US$1.1 billion aggregate principal amount of the Co-Issuers’ 5.250% Senior Guaranteed Sustainability-Linked Notes due 2029 (the “Offering”) and (ii) a successful concurrent tender offer and consent solicitation relating to, and subsequent redemption of, CBC’s outstanding 5.750% Senior Guaranteed Notes due 2027.

The Offering was the first U.S. dollar-denominated sustainability-linked bond (“SLB”) in the international markets from a bottling company in the Americas, the first SLB by a Central American issuer, and the second largest single tranche SLB by a Latin American issuer ever.

The Hogan Lovells team was led by partners Ben Garcia (New York) and Jorge Diaz-Silveira (Miami), with key support from counsel Meredith Hines (New York) and international consultant Pedro Martínez (Miami). Advising on the tax aspects of the deal was partner Scott Lilienthal (Washington, D.C.). The trans-Atlantic team also included partner Juan Garicano, counsels Alejandro González and Alejandro Moscoso del Prado, senior associate Carlos Meijide, and associates María Santana and Laura Wouters (all Madrid).

This transaction was also recently recognized as ESG Bond Deal of the Year at the 2022 Bonds & Loans Latin America & Caribbean Awards.

For more information on the transaction, please click here, and to view a full list of the winners for 2022, click here. For more information on LatinFinance's Deals of the Year Awards program, please visit its website.