Grupo Kaltex, S.A. de C.V.’s $320 Million Notes Offering


Paul Hastings, Bufete Robles Miaja, Milbank and Ritch, Mueller, Heather y Nicolau have advised on the transaction

Grupo Kaltex S.A. de C.V. completed the inaugural $320 million high yield offering of 8.875% Senior Notes due 2022.

Grupo Kaltex S.A. de C.V. (Mexico), a vertically-integrated textile company and one of the largest textile companies in the world.

Barclays, Morgan Stanley and Nomura Securities acted as initial purchasers.

This transaction represents the debut Rule 144A and Regulation S bond issuance by Grupo Kaltex S.A. de C.V., and the first high-yield dollar-denominated Mexican corporate issuance since the US presidential election.

Paul Hastings has advised Grupo Kaltex, S.A. de C.V with Mike Fitzgerald (Picture) Taisa Markus, Pedro Reyes, Stephanie M. Rohlfs and Jorge Garduno.

In Mexico, Bufete Robles Miaja, S.C. has advised Grupo Kaltex, S.A. de C.V with Rafael Robles Miaja, María Luisa Petricioli Castellón and Emilio Miñón Mastachi.

Milbank, Tweed, Hadley & McCloy LLP advised the initial purchasers with, Carlos Albarracín, Andres Osornio, Alex Gefter, Gonzalo Guitart (Capital Markets), Andrew Walker and Jules Mugema (Tax).

In Mexico, Ritch, Mueller, Heather y Nicolau, S.C. has advised the Initial Purchasers with Luis Nicolau, Joshua Párraga Saggiante, Raúl Fernandez Orendain and Luis Alonso Suárez.

Involved fees earner: Rafael Robles Miaja – Robles Miaja Abogados; María Luisa Petricioli Castellón – Robles Miaja Abogados; Emilio Miñón Mastachi – Robles Miaja Abogados; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Joshua Párraga Saggiante – Ritch, Mueller, Heather y Nicolau, SC; Raúl Fernandez Orendain – Ritch, Mueller, Heather y Nicolau, SC; Carlos Albarracín – Milbank; Andres Osornio Ocaranza – Milbank; Alex Gefter – Milbank; Andrew Walker – Milbank; Jules Mugema – Milbank; Michael Fitzgerald – Paul Hastings; Taisa Markus – Paul Hastings; Pedro Reyes – Paul Hastings; Stephanie Rohlfs – Paul Hastings;

Law Firms: Robles Miaja Abogados; Ritch, Mueller, Heather y Nicolau, SC; Milbank; Paul Hastings;

Clients: Barclays Bank; Morgan Stanley; Nomura; Grupo Kaltex, S.A. de C.V.;

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Author: Ambrogio Visconti