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Paul Hastings Advises Controladora Mabe S.A. de C.V. on Exchange Offer and New Issuance

June 21, 2012
New York, NY (June 21, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Controladora Mabe, S.A. de C.V., a Mexican manufacturer and distributor of white line products, in connection with its successful offer to exchange its 6.500% Senior Guaranteed Notes due 2015 (2015 Notes) for its 7.875% Senior Guaranteed Notes due 2019 (2019 Notes) and the related consent solicitation. The transaction involved the issuance of approximately $130 million in aggregate principal amount of 2019 Notes in exchange for tendered 2015 Notes pursuant to a reopening of the series.

The offering has allowed Mabe to extend its debt maturities and improve its debt profile. Mabe is a leading manufacturer and distributor of ranges, refrigerators, clothes dryers and washing machines, commonly referred to as white line products, with operations throughout North, Central and South America. Since 1987, Mabe has operated as a joint venture with General Electric Company, which holds a 48.41% equity interest in Mabe and is its principal customer and licensor.

Latin America practice chair and partner Michael Fitzgerald and partner Taisa Markus led the Paul Hastings team, which also included of counsel Pedro Reyes and associate Emily Winston.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.