Paul Hastings Represents Gruma, S.A.B. de C.V. in US$400 Million Senior Notes Offering

November 26, 2014

New York, NY – Paul Hastings LLP, a leading global law firm, represented Gruma, S.A.B. de C.V., the world's largest tortilla and corn flour producer in its US$400 million international bond offering and the redemption of likely the only corporate perpetual bond ever issued in Mexico. The offering involved the issuance of US$400 million of 4.875% Senior Notes due 2024. The proceeds from the sale of the notes will go principally to redeem the perpetual bonds issued ten years ago at an interest rate of 7.75%.  The notes were issued pursuant to Rule 144A and Regulation S in a more than seven times oversubscribed offering. The managing underwriters involved were Goldman, Sachs & Co. and Santander Investment Securities Inc.

Latin America practice partners

and led the Paul Hastings team, which also included associates  and  and foreign associate Analuz Sanchez Mejorada Raab.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.

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