New York – Paul Hastings LLP, a leading global law firm, represented Nemak, S.A.B. de C.V., a leading global supplier of aluminum components to automotive manufacturers, in an international Eurobond offering. The offering involved the issuance of €500 million (US$533 million) of 3.250% Senior Notes due 2024 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporate in 2017 and was the first offering in recent months by a Mexican exporter of automotive parts. The underwriters involved were BNP Paribas, J.P. Morgan, Morgan Stanley and Citigroup.
Paul Hastings attorneys also represented Nemak in its initial public offering in 2015 and its prior bond offerings and have represented Alfa, S.A.B. de C.V., Alpek, S.A.B. de C.V. and Sigma Alimentos, S.A. de C.V., which belong to the same corporate group as Nemak, in numerous capital markets and other transactions. The Latin America practice was also recognized by LatinFinance for Syndicated Loan of the Year and Structured Financing of the Year for their work on deals related to the New International Airport of Mexico City project, and recently advised on the US$912 million international IPO of Jose Cuervo.
Latin America practice partners Mike Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included partner Steven Sandretto, associate Eduardo Gonzalez and foreign associate Jorge Garduno.
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