Nemak, S.A.B. de C.V.’s $500 Million Notes Offering

Paul Hastings LLP advised NEMAK, S.A.B. DE C.V. on the deal, while Cleary Gottlieb represented the initial purchasers.

NEMAK, S.A.B. DE C.V., a leading global provider of innovative lightweighting solutions for the global automotive industry specializing in high-tech, complex aluminum powertrain, e-mobility, and structural components, announced an international offering of Sustainability-Linked Senior Notes. The offering involved the issuance of US$500 million of 3.625% Senior Notes due 2031 pursuant to Rule 144A and Regulation S. The proceeds of the offering will be used primarily to redeem Nemak’s outstanding 4.75% Senior Notes due 2025.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BBVA Securities Inc., BNP Paribas Securities Corp., HSBC Securities (USA) Inc. and SMBC Nikko Securities America, Inc., acted as initial purchasers for the offering.

Latin America practice partners Mike Fitzgerald (Picture), Arturo Carrillo and Joy Gallup led the Paul Hastings team, which also included of counsels Pedro Reyes and Veronica Rodriguez and associate Alejandra Cuadra. The team also included tax partner David Makso and associate Rob Wilson.

The Cleary team included partners Jorge Juantorena and Manuel Silva, associate Amanda Brown and international lawyers Gabriela Gallo and Carla Cardoza. Partner Jason Factor and associates Zhiyuan Zou and Samuel Kramer provided U.S. tax advice.

Involved fees earner: Amanda Brown – Cleary Gottlieb Steen & Hamilton; Carla Cardoza Vidal – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Gabriela Gallo – Cleary Gottlieb Steen & Hamilton; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Manuel Silva – Cleary Gottlieb Steen & Hamilton; Zhiyuan Zuo – Cleary Gottlieb Steen & Hamilton; Arturo Carrillo – Paul Hastings LLP; Michael Fitzgerald – Paul Hastings LLP; Joy Gallup – Paul Hastings LLP; David Makso – Paul Hastings LLP; Pedro Reyes – Paul Hastings LLP; Veronica Rodriguez – Paul Hastings LLP; Rob Wilson – Paul Hastings LLP;

Law Firms: Cleary Gottlieb Steen & Hamilton; Paul Hastings LLP;

Clients: Bank of America Securities; BBVA Securities Inc.; BNP Paribas Securities; Citigroup Global Markets Ltd; HSBC Securities; J.P. Morgan Securities LLC; Nemak, S.A.B. de C.V.; SMBC Nikko Securities America;

Author: Martina Bellini