Cleary Gottlieb represented BNP Paribas, J.P. Morgan, MUFG and Rabobank as initial purchasers in the global bond offering by Sigma Alimentos, S.A. de C.V.
The transaction consisted of an offering of €600.0 million 2.625 percent senior notes due 2024. The offering was conducted as a private placement in the US under Rule 144A and an offshore offering in reliance on Regulation S. The transaction priced on February 2, 2017, and closed on February 7, 2017.
Sigma Alimentos is one of the largest branded refrigerated foods companies in the world, with a diversified portfolio of over 10,000 products and more than 100 brands. In Europe, the Campofrío brand is the second most popular brand, and Campofrío was the largest producer of packaged meat products in 2015. Sigma Alimentos is a wholly owned subsidiary of Alfa, one of Mexico’s largest publicly traded conglomerates.