Falabella in Inaugural Senior Note Offering

May 6, 2013

Cleary Gottlieb represented Citigroup Global Markets, HSBC Securities (USA) and Itau BBA USA Securities, as joint lead managers and bookrunners in the Rule 144A/Reg S offering by S.A.C.I. Falabella, the largest company in Chile and the largest retailer in Latin America, of $500 million 3.75% senior notes due 2023 and CLP94,588,500,000 6.50% senior notes due 2023. Falabella is rated investment grade by Standard & Poor’s and Fitch. This offering was Falabella’s inaugural entry to the international capital markets and the first Chilean peso offering in the international capital markets by a Chilean company.