S.A.C.I. Falabella’s $400 Million Offering

Cleary Gottlieb represented the initial purchasers HSBC, J.P. Morgan and Santander in the $400 million global bond offering of S.A.C.I. Falabella, one of Chile’s leading multi-format retailers with operations in Chile, Peru, Colombia, Argentina, Brazil, Uruguay and Mexico.

The transaction consisted of an offering of $400 million 3.750 percent senior notes due 2027. 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 October 23, 2017, and is scheduled to close on October 30, 2017.

S.A.C.I. Falabella is a leading multi-format retail company in Chile, comprised of department stores, home improvement stores, supermarkets, credit card services, real estate and other businesses. Through its complementary banking business segment, S.A.C.I. Falabella provides consumer financing, credit cards, savings and checking accounts and mortgage loans.