Sigma Alimentos’ $500 Million Offering

Cleary Gottlieb represented Citigroup, HSBC, and J.P. Morgan as initial purchasers in the global bond offering by Sigma Alimentos, S.A. de C.V., acting through its Dutch subsidiary Sigma Finance Netherlands B.V.

The transaction consisted of an offering of $500 million 4.875 percent senior notes due 2028. The offering was conducted as a private placement in the U.S. under Rule 144A and an offshore offering in reliance on Regulation S. The transaction priced on March 22, 2018, and closed on March 27, 2018.

Sigma Alimentos is one of the largest branded refrigerated foods companies in the world, with a diversified portfolio of over 15,000 products and more than 100 brands, and had revenues of over $6 billion in 2017. Sigma Alimentos is a wholly owned subsidiary of Alfa, one of Mexico’s largest publicly traded conglomerates.