Mega’s $350 Million Offering

February 12, 2020

Cleary Gottlieb represented Barclays Capital Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, as initial purchasers, in a debt offering of $350 million 8.25% senior notes due 2025 issued by Operadora de Servicios Mega S.A. de C.V. SOFOM E.R. (Mega).

Mega’s inaugural international offering was conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the United States in reliance on Regulation S. The transaction priced on February 6, 2020, and closed on February 11, 2020. Mega will use a portion of the proceeds of the offering to repay existing indebtedness and the remainder for general corporate purposes.

Mega is a Mexican leasing company based in Guadalajara, Jalisco, with more than 15 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.