Mega’s $150 Million Bond Offering

March 25, 2021

Cleary Gottlieb is representing Barclays Capital Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, as initial purchasers, in a bond offering of $150 million 8.25% senior notes due 2025 to be issued by Operadora de Servicios Mega S.A. de C.V. SOFOM E.R. (Mega).

The offering is a reopening of notes initially issued by Mega in February 2020 in the amount of $350 million.

The offering is being conducted as a private placement under Rule 144A under the Securities Act of 1933 and outside of the United States in reliance on Regulation S. The transaction priced on March 25, 2021 and is expected to close on March 30, 2021. Mega will use the proceeds of the offering for general corporate purposes.

Mega is a Mexican leasing company based in Guadalajara, Jalisco, with more than 16 years of operating experience specializing in three main business lines: leasing, lending, and auto loans. It specializes in serving small- and medium-sized enterprises in Mexico, which are largely underserved by traditional banking institutions.