Automotores Gildemeister in $300 Million Notes Offering

January 15, 2013

Cleary Gottlieb represented Automotores Gildemeister in its sale of $300 million 6.750% Senior Notes due 2023. J.P. Morgan acted as sole book-running manager in the transaction, which closed on January 15. The notes were sold in a Rule 144A/Regulation S offering and will be listed on the Luxembourg Stock Exchange. The proceeds from the sale will be used to repay outstanding debt and for general corporate purposes.

Founded in 1986, AG is one of the largest vehicle importers and distributors in Chile and Peru.