Tecnoglass Issues $210 Million Debut Cross-Border Debt Offering

Cleary Gottlieb acted as U.S. counsel to Merrill Lynch, Pierce, Fenner & Smith and Morgan Stanley as initial purchasers in the debut debt offering in the international capital markets by Tecnoglass of $210 million of its 8.200 percent senior notes due 2022.

Tecnoglass priced its bond on January 23, 2017, and the deal is expected to close on January 30, 2017.

Tecnoglass is a company that manufactures high-spec architectural glass and windows for the commercial and residential constructions markets.