Sigma, S.A. de C.V.’s €600 Million Notes Offering


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

Sigma, S.A. de C.V., one of the largest branded refrigerated foods companies in the world, completed an international offering of Euro-denominated bonds. The offering involved the issuance of €600 million of 2.625% Senior Notes due 2024 pursuant to Rule 144A and Regulation S. The offering was the first issuance by a Mexican corporate in 2017 in the immediate aftermath of the election. The underwriters involved were BNP Paribas, J.P. Morgan, MUFG and Rabobank.

Paul Hastings attorneys also represented Sigma in its prior bond offerings and have represented Alfa, S.A.B. de C.V., Alpek, S.A.B. de C.V. and Nemak S.A.B. de C.V., which belong to the same corporate group as Sigma, in numerous capital markets and other transactions.

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

Cleary Gottlieb Steen & Hamilton has advised BNP Paribas, J.P. Morgan, MUFG and Rabobank with Jorge Juantorena, Erika Nijenhuis, Amélie Champsaur, Manuel Metzner, David Toube, Erin Langley, Anne Xu, Cecilia Parisini, Maria Fernanda Diago, Christophe Wauters, Eloise Skinner.

Ritch, Mueller, Heather y Nicolau has advised BNP Paribas, J.P. Morgan, MUFG and Rabobank with Luis A. Nicolau, Joshua Parraga, Eric Silberstein and Raul Fernandez.

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; Eduardo Gonzalez – Paul Hastings; Steven Sandretto – Paul Hastings; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Amélie Champsaur – Cleary Gottlieb Steen & Hamilton; Manuel Metzner – Cleary Gottlieb Steen & Hamilton; Erin Langley – Cleary Gottlieb Steen & Hamilton; Cecilia Parisini – Cleary Gottlieb Steen & Hamilton; Maria Fernanda Diago – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Anne Xu – Cleary Gottlieb Steen & Hamilton; David Toube – Cleary Gottlieb Steen & Hamilton; Christophe Wauters – Cleary Gottlieb Steen & Hamilton;

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

Clients: BNP Paribas; JP Morgan; Rabobank; Sigma Alimentos, S.A. de C.V.; Mitsubishi UFJ Financial Group;

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Author: Ambrogio Visconti