Nemak Issues $500 Million of Sustainability-Linked Senior Notes
June 23, 2021
New York – Paul Hastings LLP, a leading global law firm, represented NEMAK, S.A.B. DE C.V., a leading global provider of innovative lightweighting solutions for the global automotive industry specializing in high-tech, complex aluminum powertrain, e-mobility, and structural components, in an international offering of Sustainability-Linked Senior Notes. The offering involved the issuance of US$500 million of 3.625% Senior Notes due 2031 pursuant to Rule 144A and Regulation S. The Joint Lead Book-Running Managers and Joint Sustainability-Linked Bond Structuring Agents were BofA, Citigroup and J.P. Morgan. The proceeds of the offering will be used primarily to redeem Nemak’s outstanding 4.75% Senior Notes due 2025.
Paul Hastings attorneys also represented Nemak in its initial public offering in 2015 and its prior bond offerings.
Latin America practice partners Mike Fitzgerald, Arturo Carrillo and Joy Gallup led the Paul Hastings team, which also included of counsels Pedro Reyes and Veronica Rodriguez and associate Alejandra Cuadra. The team also included tax partner David Makso and associate Rob Wilson.
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