Gruma’s $100.5 Million Notes Offering

Galicia Abogados acted as legal counsel on the transaction

Gruma executed its offering of $100.5 million 7% notes due 2028.

Proceeds will be used to pay existing debts.

Casa de Bolsa Banorte, Casa de Bolsa BBVA Bancomer and Scotia Inverlat Casa de Bolsa acted as underwriters on the offering.

Gruma, S.A.B. de C.V. is engaged primarily in the production, marketing, distribution, and sale of tortillas, corn flour, and wheat flour. 

Galicia Abogados acted as legal counsel on the transaction with a team including Guillermo Pérez Santiago (Picture), Maurice Berkman, José Alejandro Cortés Serrano, Jorge Javier Mendizábal Hori and Emiliano Flores Juárez.

Involved fees earner: Maurice Berkman – Galicia Abogados, S.C; José Alejandro Cortés Serrano – Galicia Abogados, S.C; Emiliano Flores Juárez – Galicia Abogados, S.C; Jorge Javier Mendizábal Hori – Galicia Abogados, S.C; Guillermo Pérez Santiago – Galicia Abogados, S.C;

Law Firms: Galicia Abogados, S.C;

Clients: Casa de Bolsa Banorte – Ixe, S.A de C.V.; Casa de Bolsa BBVA Bancomer; Gruma, S.A.B. de C.V.; Scotiabank Mexico (Scotiabank Inverlat S.A.);