Simpson Thacher Represents Initial Purchasers in Debt Offering for Controladora Mabe of Mexico
10.28.09
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The Firm represented Banc of America Securities LLC and HSBC Securities (USA) Inc., as initial purchasers, in connection with a $350 million Rule 144A/Regulation S, investment grade debt offering of 7.875% Senior Guaranteed Notes due 2019 by Controladora Mabe, S.A. de C.V., a Mexican company.
Mabe is a leading manufacturer and distributor of home appliances (“white line products”) with operations throughout North, Central and South America. The net proceeds from the offering will be used to repay outstanding debt.
The Simpson Thacher team for the debt offering included, among others, Jaime Mercado, Rafael Berckholtz and former international associate Felipe Boisset (Capital Markets), and Jonathan Cantor and Aaron Cohen (Tax).