Nemak’s €500 Million Inaugural Eurobond Offering

March 9, 2017

Cleary Gottlieb represented BNP Paribas, J.P. Morgan, Morgan Stanley and Citigroup as initial purchasers in the global bond offering by Nemak, S.A.B de C.V.

The transaction consisted of an offering of €500 million 3.250 percent senior notes due 2024. The offering was conducted as a private placement in the United States under Rule 144A and an offshore offering in reliance on Regulation S. The transaction priced on March 9, 2017, and is expected to close on March 14, 2017. This is the first Mexican high yield deal in 2017.

Nemak is a leading global provider of innovative lightweighting solutions for the global automotive industry in terms of revenue and production capacity, specializing in the development and manufacturing of high-tech, complex aluminum components for powertrain, body and structure applications, and electric vehicle components.