Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A and Regulation S offering by Terrafina of $500 million aggregate principal amount of its 4.962% senior notes due 2029. 

Davis Polk also advised the dealer managers in connection with a concurrent tender offer by Terrafina for any and all of its 5.250% senior notes due 2022, which were paid for with the proceeds from the offering. 

Terrafina is a Mexican real estate investment trust (“FIBRA”) anchored by a large industrial portfolio and externally advised by Prudential Financial Inc.’s real estate investment management business, PGIM Real Estate. Terrafina’s portfolio includes 287 developed industrial facilities with a collective gross leasable area of approximately 41.1 million square feet as of March 31, 2019.

The Davis Polk capital markets team included partner Maurice Blanco and counsel Katia Brener. The tax team included partner Michael Mollerus and associate Joseph Jarashow. All members of the Davis Polk team are based in the New York office. 

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