Metalsa Issues $300 Million of Sustainability-Linked Senior Notes
New York – Paul Hastings LLP, a leading global law firm, represented Metalsa, S.A. de C.V., a leading manufacturer of automotive parts in Latin America and the United States, in an international offering of guaranteed Sustainability-Linked Senior Notes. The offering involved the issuance of US$300 million of 3.750% Senior Notes due 2031 pursuant to Rule 144A and Regulation S. The joint book-runners were BofA and Citigroup. The proceeds of the offering will be used primarily in a liability management transaction (in which Paul Hastings also represents Metalsa) to repurchase Metalsa’s outstanding 4.90% Senior Notes due 2023.
Paul Hastings attorneys also represented Metalsa in its prior inaugural international bond offering, other international financings and other transactions.
Latin America practice partners Mike Fitzgerald, Arturo Carrillo and Joy Gallup led the Paul Hastings team, which also included of counsels Veronica Rodriguez and Pedro Reyes and associate Alejandra Cuadra. The team also included tax partner David Makso and associate Rob Wilson.
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