Gestamp Automoción’s €400 Million Senior Secured Notes Offering and Amendment of the c. €1.1 Billion Senior Facilities Agreement

Paul, Weiss represented Gestamp Automoción, S.A., a leading global supplier of automotive components and assemblies, in a Rule 144A and Regulation S offering of €400 million aggregate principal amount of senior secured notes due 2026. Gestamp will use the net proceeds from this offering to refinance certain debt facilities.

In addition, Gestamp negotiated a restatement of its Senior Facilities Agreement, comprised of term loan and revolving credit facilities in an aggregate principal amount of approximately €1.1 billion.

Gestamp Automocion, S.A., led by Francisco Jose Riberas Mera, Francisco Lopez Pena and Miguel Escrig, in 2017 recorded €8.201 Billion Revenues.

The Paul, Weiss team included corporate partner Alvaro Membrillera (Picture) and counsel David Carmona; and tax partner David Sicular.

 

Involved fees earner: Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Gestamp Automoción, S.A.;