Unicomer Group’s $350 Million Bond Offering

March 20, 2017

Cleary Gottlieb represented initial purchasers Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and BCP Securities, LLC in the debut debt offering by Grupo Unicomer Co. Ltd.

The transaction consisted of a bond offering of $350 million 7.875 percent senior notes due 2024 issued and sold by Unicomer Group and guaranteed by several subsidiary guarantors. The 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 March 20, 2017, and is expected to close on March 27, 2017.

Unicomer Group is a leading retailer of durable consumer goods in Latin America and the Caribbean. Unicomer Group targets the middle- and lower-middle-income segments of the Latin American and Caribbean populations in the countries where they operate and the Hispanic and Caribbean population in Texas and New York. The proceeds of the offering will be used to repay short- and long-term loans, and the remainder, if any, will be used for general corporate purposes.