Davis Polk advised Mexichem, S.A.B. de C.V. in connection with its offering of $750 million aggregate principal amount of 4.875% notes due 2022 and $400 million aggregate principal amount of 6.75% notes due 2042. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S. Davis Polk also advised Mexichem in connection with its concurrent tender offer for $350 million aggregate principal amount of its 8.75% senior notes due 2019, which were paid for with proceeds from the notes offering.
Headquartered in Mexico City, Mexichem is one of the largest chemical companies in Latin America and a leader in plastic pipes and solutions in Europe. It produces a diverse portfolio of chemical products in 98 plants located throughout Latin America, the United States, Canada, Japan, Taiwan, China and Europe, and has clients in approximately 50 countries
The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover, Andrew Lyle and Gabriel Sarmiento. The tax team included Michael Farber and Yuliya Epifantseva. Inés Velasco was the legal assistant on the transaction. Members of the Davis Polk team are based in the São Paulo and New York offices.
