Chicago, May 25 – Metalsa SA de CV sold a $300 million offering of 3¾% senior notes due 2031 (BB+/BBB-), according to a press release.
The notes are guaranteed by two U.S. subsidiaries.
Initial purchasers for the Rule 144A and Regulation S notes are BofA Securities Inc. and Citigroup.
Proceeds were used to fund a concurrent tender offer for any and all of the company’s 4.9% senior notes due 2023. The remainder, if any, was slated for debt repayment and general corporate purposes.
Metalsa, based in Mexico, specializes in metallic structures for trucks and passenger cars for the automotive industry.
| Issuer: | Metalsa SA de CV
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| Issue: | Notes
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| Amount: | $300 million
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| Maturity: | 2031
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| Bookrunners: | BofA Securities Inc. and Citigroup
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| Counsel to underwriters: | Cleary Gottlieb
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| Coupon: | 3¾%
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| Trade date: | April 22
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| Settlement date: | May 4
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| Ratings: | S&P: BB+
|
| Fitch: BBB-
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| Distribution: | Rule 144A and Regulation S
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