Liverpool’s $300 Million Tender Offer

October 7, 2021

Cleary Gottlieb represented Santander Investment Securities, as the sole dealer manager, in a cash tender offer by El Puerto de Liverpool, S.A.B. de C.V. (Liverpool) for up to $300 million of its 3.875% senior notes due 2026.

The tender offer launched on September 7, 2021, early tenders were settled on September 20, 2021, and final settlement was on October 7, 2021.

Liverpool is the largest department store chain in Mexico in terms of number of stores and sales and one of the leading online apparel retailers in the country in terms of sales, primarily targeting a broad range of socioeconomic segments in Mexico.