Corporación GEO in $250 Million 9.25% Senior Guaranteed Notes Offering

Cleary Gottlieb served as counsel to Corporación GEO in its Rule 144A/Regulation S offering of $250 million 9.25% Senior Guaranteed Notes due 2020. Morgan Stanley, Citi and Santander served as initial purchasers and joint book-running managers in the offering. The notes are expected to be listed on the Official List of the Luxembourg Stock Exchange. This was Corporación GEO’s second offering in the international bond market. Despite volatility in the market, the deal received strong investor interest and was three times oversubscribed. The offering closed on June 30.

Corporación GEO was the largest homebuilder by revenue in Mexico in the first quarter of 2010. The company focuses on the affordable housing segment in Mexico and has been a leader in the development of the industry.