Sigma Alimentos’s $500 Million Notes Offering

Paul Hastings LLP represented Sigma Alimentos, S.A. de C.V. in an international offering of bonds by its subsidiary Sigma Finance Netherlands B.V.

The offering involved the issuance of $500 million of 4.875% Senior Notes due 2028 pursuant to Rule 144A and Regulation S. The underwriters involved were Citigroup, HSBC and J.P. Morgan. Sigma, acting through its Dutch subsidiary, is one of the few Mexican corporate issuers to have successfully accessed the international bond market in 2018.

The proceeds from the placement will be used to redeem 2022 notes issued by its European Subsidiary Campofrío Food Group, and the remainder for general corporate purposes.

Sigma Alimentos, S.A. de C.V. operates as a food processing and distribution company. The Company, led by Mario Paez, produces and distributes food products such as pastas, hams, cheese, yogurt, meat, and other frozen food products.

Latin America practice partners Mike Fitzgerald (Picture) and Arturo Carrillo led the Paul Hastings team, which also included partner Steven Sandretto and associate Eduardo Gonzalez.

Involved fees earner: Michael Fitzgerald – Paul Hastings; Arturo Carrillo – Paul Hastings; Steven Sandretto – Paul Hastings; Eduardo Gonzalez – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Sigma Alimentos, S.A. de C.V.;

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Author: Ambrogio Visconti