Credit Suisse in Tender Offer by Javer

January 19, 2016

Cleary Gottlieb is representing Credit Suisse as dealer manager in the cash tender offer of the Mexican homebuilder Servicios Corporativos Javer for up to $136 million of its outstanding 9.875% Senior Notes due 2021. The tender offer was made concurrently with an offering of Javer’s shares through an initial public offering in Mexico, the proceeds of which are being used to buy back the 2021 notes. The settlement of the tender offer occurred on January 19, in conjunction with the closing of the IPO.

Javer is the second homebuilder company to list on the Mexican stock exchange in recent months and its initial public offering marked the first on the local exchange this year.