Grupo Cementos de Chihuahua’s $260 Million Notes Offering


Cleary Gottlieb Steen & Hamilton, Ritch, Mueller, Heather y Nicolau, White & Case and Shearman & Sterling advised on the deal

The Rule 144A/Regulation S offering, which consisted of $260 million 5.250 percent senior notes due 2024, priced on June 20, 2017, and closed on June 23, 2017. GCC used the proceeds of the offering to purchase any and all of its outstanding 8.125 percent senior secured notes due 2020 through a cash tender offer and consent solicitation launched on June 7, 2017, and to redeem any untendered senior secured notes.

BBVA Securities, Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. acted as initial purchasers for the offering. Citigroup Global Markets Inc. also acted as dealer manager for the tender offer and consent solicitation.

GCC is a leading supplier of cement, aggregates, concrete and construction-related services in the United States and Mexico. Founded in 1941, GCC’s shares trade on the Mexican Stock Exchange under the ticker symbol GCC*.

Cleary Gottlieb Steen & Hamilton LLP advised Grupo Cementos Chihuahua S.A.B. de C.V. with Duane McLaughlin (Picture), Amy Shapiro, Douglas Borisky, Alejandro Canelas Fernández, Jessica Repond, Amber Payne, Anne Xu, Marc Rotter, Brandon Hammer and Reshama Patel.

In Mexico, Ritch, Mueller, Heather y Nicolau advised Grupo Cementos Chihuahua S.A.B. de C.V. with Luis A Nicolau, José Berrueta Ochoa and Eric Silberstein Lerner.

White & Case advised BBVA Securities, Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. with Juan Antonio Martín, Carlos Mainero Ruiz and Suzana López Scherer.

Shearman & Sterling advised BBVA Securities, Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. with Antonia Stolper, Jeffrey Tate, Flavio Averbug, Antonio Herrera Cuevas, Robert Giannattasio, Adam Sternberg, Alesandra Azcárate and legal Celia Lown.

Involved fees earner: Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; José Berrueta Ochoa – Ritch, Mueller, Heather y Nicolau, SC; Eric Silberstein Lerner – Ritch, Mueller, Heather y Nicolau, SC; Juan Antonio Martín – White & Case; Carlos Mainero Ruíz – White & Case; Suzana López Scherer – White & Case; Antonia Stolper – Shearman & Sterling; Flavio Averbug – Shearman & Sterling; Antonio Herrera Cuevas – Shearman & Sterling; Robert Giannattasio – Shearman & Sterling; Jeffrey Tate – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Duane McLaughlin – Cleary Gottlieb Steen & Hamilton; Amy Shapiro – Cleary Gottlieb Steen & Hamilton; Alejandro Canelas Fernandez – Cleary Gottlieb Steen & Hamilton; Jessica Repond – Cleary Gottlieb Steen & Hamilton; Amber Payne – Cleary Gottlieb Steen & Hamilton; Marc Rotter – Cleary Gottlieb Steen & Hamilton; Brandon Hammer – Cleary Gottlieb Steen & Hamilton; Reshama Patel – Cleary Gottlieb Steen & Hamilton; Scott Douglas Borisky – Cleary Gottlieb Steen & Hamilton; Anne Rhodes – Cleary Gottlieb Steen & Hamilton;

Law Firms: Ritch, Mueller, Heather y Nicolau, SC; White & Case; Shearman & Sterling; Cleary Gottlieb Steen & Hamilton;

Clients: Citigroup Global Markets Ltd; Banco Bilbao Vizcaya Argentaria (Bbva); Scotia Capital Inc.; Grupo Cementos de Chihuahua SAB de CV;

Print Friendly, PDF & Email

Author: Ambrogio Visconti