Automotores Gildemeister S.A. in $400 Million Notes Offerings

January 17, 2012

Cleary Gottlieb represented Automotores Gildemeister in its sale of $400 million 8.250% Senior Notes due 2021. The initial offering of $300 million closed on May 24. A reopening of the notes for $100 million closed on January 17. J.P. Morgan was the initial purchaser for the initial issuance and reopening. The notes, issued in reliance on Rule 144A/Regulation S, have been listed on the Luxembourg Stock Exchange. The proceeds from the sale of the notes will be used to repay short-term and long-term indebtedness and for general corporate purposes.

Gildemeister is one of the largest vehicle importers and distributors in Chile and Peru. Founded in 1985, Gildemeister is the sole distributor of Hyundai passenger and light commercial vehicles, as well as a number of other U.S., European, Chinese and Indian brands of vehicles in Chile and Peru.