Mexico: Promotora Empresarial Del Norte Issues Stock Certificates

Published on May 8, 2023

Promotora Empresarial del Norte, S.A. de C.V. ("Prensa") obtained, from the National Banking and Securities Commission, the authorization to register in the National Securities Registry a dual program of short and long-term stock certificates for a maximum amount of $1,000,000,000.00 (One Billion Pesos 00/100 Mexican Pesos), on a revolving basis (the "Program").

Under the Program, Prensa conducted the first issuance of long-term promissory notes for $392,082,700.00 MXP (Three hundred ninety-two million eighty-two thousand seven hundred Pesos 00/100, Mexican pesos). Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver acted as placement agent for the transaction.

Santamarina + Steta, with the support of the team headed by Diego Ostos, José Antonio López and Sebastián Samayoa, acted as legal counsel to the issuer in this process.