Falabella’s Tender Offer

Cleary Gottlieb represented J.P. Morgan Securities LLC and Santander US Capital Markets LLC, as dealer managers, in a cash tender offer by Falabella S.A. for up to $100 million of its 3.75% senior secured notes due 2027.

The tender offer launched on July 15, 2024, and the $100 million maximum consideration cap was met before the early expiration date of July 26, 2024. Early tenders were settled on July 30, 2024.

Falabella is a Chilean publicly traded, multi-format retail company with brick-and-mortar and online platforms across six business areas: department stores, home improvement, supermarkets, financial services, real estate, and marketplace. Falabella has operations in Chile, Peru, Colombia, Argentina, Brazil, Uruguay, and Mexico.