Alpek in $300 Million Global Bond Offering

August 8, 2013

Cleary Gottlieb represented HSBC Securities (USA) and J.P. Morgan Securities, as initial purchasers in a global bond offering by Alpek. The transaction consisted of an offering of $300 million 5.375% senior notes due 2023 issued and sold by Alpek and guaranteed by several subsidiaries of Alpek located in Mexico and the United States. The proceeds of the offering were used for general corporate purposes, which may include the repayment or retirement of indebtedness. The bond offering was conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the Unites States in reliance on Regulation S. The transaction launched on August 5 and closed on August 8.

Alpek, a subsidiary of Alfa, a large Mexican conglomerate, is a holding company involved in the production, marketing and sale of petrochemical products. Its products serve the food and beverage packing, textile and industrial filaments, consumer goods, automotive, construction, agriculture, oil and pharmaceutical end markets. It is Mexico’s largest petrochemical company and the second-largest in Latin America. It has operations in Mexico, the United States and South America.