Metalsa’s $300 Million Bond Offering

Cleary Gottlieb is representing BofA Securities and Citigroup, as initial purchasers, in a bond offering of $300 million 3.75% senior notes due 2031 to be issued by Metalsa S.A. de C.V. (Metalsa), which will be guaranteed by two of its subsidiaries located in the United States.

The transaction priced on April 22, 2021, and is expected to close on May 4, 2021. Metalsa will use the proceeds of the offering to fund a concurrent tender offer for any and all of its 4.9% senior notes due 2023 and the remainder, if any, for debt repayment and general corporate purposes. Cleary is also representing the dealer managers in the tender offer.

The offering was conducted as a private placement under Rule 144A under the Securities Act of 1933 and outside of the United States in reliance on Regulation S.

Metalsa is a Mexican company in the automotive industry, specializing in metallic structures for trucks and passenger cars.