Alpek Issues $600 Million of Senior Notes

New York – Paul Hastings LLP, a leading global law firm, represented Alpek, S.A.B. de C.V., a leading petrochemical company in Latin America and the United States, in an international offering of guaranteed Senior Notes. The offering involved the issuance of US$600 million of 3.250% Senior Notes due 2031 pursuant to Rule 144A and Regulation S. The active book-runners were BofA, Citigroup and J.P. Morgan, and the passive book-runners were BBVA, BNP Paribas, HSBC, MUFG and SMBC. The proceeds of the offering will be used primarily in a liability management transaction to repurchase Alpek’s outstanding 4.500% Senior Notes due 2022.

Paul Hastings attorneys also represented Alpek in its prior bond offerings and IPO, and have represented Alfa, S.A.B. de C.V. and Sigma Alimentos, S.A. de C.V., which belong to the same corporate group as Alpek, in numerous capital markets and other transactions.

Latin America practice partners Mike Fitzgerald, Joy Gallup and Arturo Carrillo led the Paul Hastings team, which also included of counsel Pedro Reyes, associates Eduardo Gonzalez, Mercedez Taitt-Harmon and Alejandra Cuadra and foreign associate Jose Pellón Martínez.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.