Nemak’s $500 Million Notes Offering


Paul Hastings, Cleary Gottlieb Steen & Hamilton and Ritch, Mueller, Heather y Nicolau have advised on the transaction

Nemak, S.A.B. de C.V., a leading global supplier of aluminum components to automotive manufacturers, completed international Eurobond offering. The offering involved the issuance of €500 million (US$533 million) of 3.250% Senior Notes due 2024 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporate in 2017 and was the first offering in recent months by a Mexican exporter of automotive parts.

The underwriters involved were BNP Paribas, J.P. Morgan, Morgan Stanley and Citigroup.

Paul Hasting has advise Nemak with a team including Mike Fitzgerald (Picture), Arturo Carrillo, Steven Sandretto, Eduardo Gonzalez and Jorge Garduno.

Cleary Gottlieb Steen & Hamilton has advised BNP Paribas, J.P. Morgan, Morgan Stanley and Citigroup with Jorge Juantorena, Erika Nijenhuis, Richard Sultman, Erin Langley, Caroline Odorski, Anne Xu, Maria Fernanda Diago, Martin Pavón and Eloise Skinner.

In Mexico, Ritch, Mueller, Heather y Nicolau has advised BNP Paribas, J.P. Morgan, Morgan Stanley and Citigroup with Luis Nicolau, Joshua Párraga and Raúl Fernández.

Involved fees earner: 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; Michael Fitzgerald – Paul Hastings; Arturo Carrillo – Paul Hastings; Steven Sandretto – Paul Hastings; Eduardo Gonzalez – Paul Hastings; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Erin Langley – Cleary Gottlieb Steen & Hamilton; Caroline Odorski – Cleary Gottlieb Steen & Hamilton; Maria Fernanda Diago – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Richard Sultman – Cleary Gottlieb Steen & Hamilton; Anne Xu – Cleary Gottlieb Steen & Hamilton;

Law Firms: Ritch, Mueller, Heather y Nicolau, SC; Paul Hastings; Cleary Gottlieb Steen & Hamilton;

Clients: BNP Paribas; Citigroup Inc.; JP Morgan; Morgan Stanley; Nemak, S.A.B. de C.V.;

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Author: Ambrogio Visconti