Santamarina + Steta advises Kimberly-Clark de México on its stock market certificate program

Kimberly-Clark de México, SAB de CV (“KCM”) obtained the authorization letter from the National Banking and Securities Commission to update in the National Securities Registry a program of long-term stock certificates up to a maximum amount of $40 billion Pesos (approximately USD$2.25 billion Dollars), with a revolving character (the “Program”).

Under the Program, KCM carried out the third and fourth issuances of long-term debt securities, under the "communicating vessels" modality, for a total of MXN 10 billion (approximately USD 560 million). These issuances are part of KCM's long-term financing strategy. HSBC Casa de Bolsa, SA de CV, Grupo Financiero HSBC, Casa de Bolsa Santander, SA de CV, Grupo Financiero Santander México, and Scotia Inverlat Casa de Bolsa, SA de CV, Grupo Financiero Scotiabank Inverlat acted as placement agents for the transaction.

Santamarina + Steta, with the support of the team led by Diego Ostos Guerresi, Alejandro Matute del Castillo and Sebastián Samayoa Steta, acted as legal advisor to the broadcaster in this process.