Belize completed settlement of its cash tender offer and consent solicitation for its U.S. dollar bonds due 2034

Davis Polk advised the financial adviser in connection with the debt restructuring by the Government of Belize and the dealer manager in connection with a cash tender offer and consent solicitation by the Government of Belize for any and all of its U.S. dollar bonds due 2034. Belize financed the purchase and the redemption of its bonds with funding provided by a subsidiary of The Nature Conservancy as part of TNC’s Blue Bonds for Ocean Conservation program, which uses private capital to refinance public debt of participating countries in order to support durable marine conservation efforts and sustainable marine-based economic activity.

The Davis Polk corporate team included partner Maurice Blanco, counsel Alain Kuyumjian and associate Aaron Shubert. Partner John B. Reynolds III and counsel Will Schisa provided regulatory advice. Partner Michael Farber and associates Eitan Ulmer and Dylan J. Steiner provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

Copy link to share post