Grupo IDESA in Abbreviated Tender Offer

Cleary Gottlieb represented Grupo IDESA S.A. de C.V. (Grupo IDESA) in an abbreviated cash tender offer for any and all of its outstanding 6.5% senior notes due 2028.

The tender offer launched on July 24, 2024, expired on July 30, 2024, and settled on August 5, 2024.

Grupo IDESA has more than 65 years of experience in the petrochemical industry in Mexico and produces compounds used to manufacture a vast range of products, including food and beverage packaging, clothing and footwear, construction materials, automotive industry liquids, and toys. Grupo IDESA is also the holder of a 25% stake in Braskem-IDESA, a joint venture with Braskem S.A., which operates one of the largest ethylene crackers in Latin America.