Paul Hastings Represents Metalsa, S.A. de C.V. in Inaugural $300 Million Notes Offering

April 24, 2013

New York, NY – Paul Hastings LLP, a leading global law firm, represented Metalsa, S.A. de C.V., one of the world’s largest manufacturers of structural components for the automotive industry, in connection with its inaugural international issuance of debt securities. The several times oversubscribed offering involved the issuance of $300 million of 4.90% Senior Notes due 2023 pursuant to Rule 144A and Regulation S. Based on credit rating and terms, we understand from the investment bankers involved in the transaction that this is one of the most favorably priced debt securities offerings to date in Latin America.

This is another emblematic transaction of the recent worldwide shift in manufacturing from China and other remote locales to a “near shore” manufacturing model, which has led to a reversal of fortune for U.S. automobile manufacturers and the Mexican companies that are their principal parts suppliers. The underwriters involved in the transaction were Citigroup and Bank of America Merrill Lynch.

Latin America practice partners Mike Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included of counsel Steven Sandretto, associates Veronica Rodriguez and Farah Tariq and foreign associate Pablo Garza.