Nemak’s $500 Million Offering

January 18, 2018

Cleary Gottlieb represented BNP Paribas, J.P. Morgan and Morgan Stanley 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 4.750 percent senior notes due 2025 pursuant to Rule 144A and Regulation S. The offering was the first high-yield debt issuance by a Mexican corporation in 2018.

 The transaction priced on January 11, 2018, and is expected to close on January 23, 2018.

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.