Alpek Issues $500 Million of Senior Notes

September 11, 2019

New York – Paul Hastings LLP, a leading global law firm, represented Alpek, S.A.B. de C.V., a leading petrochemical company in Latin America and the United States, in an international offering of guaranteed Senior Notes. The more than six times over-subscribed offering involved the issuance of US$500 million of 4.250% Senior Notes due 2029 pursuant to Rule 144A and Regulation S. The active book-runners were Citigroup, HSBC and J.P. Morgan, and MUFG was a passive book-runner. The bulk of the funds from the offering will be used as part of a liability management transaction to prepay short-term debt.

Paul Hastings attorneys also represented Alpek in its prior bond offering and IPO and have represented Alfa, S.A.B. de C.V., Sigma, S.A. de C.V. and Nemak S.A.B. de C.V., which belong to the same corporate group as Alpek, in numerous capital markets and other transactions.

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 Diego Plowells.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.