Gruma Issues USD 800 million in Senior Notes Offering

Leading global law firm Baker McKenzie announced that its New York office represented Gruma, S.A.B. de C.V. (Gruma), a global leader in the tortillas and corn flour industry, in connection with its dual-tranche USD 800 million international bond offering. The offering involved the issuance of USD 500 million of 5.390% Senior Notes due 2034 and USD 300 million 5.761% Senior Notes due 2054 (the Notes). The notes were issued pursuant to Rule 144A and Regulation S in a significantly oversubscribed offering.

The proceeds from the sale of the Notes will be used to refinance debt and for general corporate purposes.

The underwriters involved in the transaction were BBVA Securities Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc.

Transactional Partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the Baker McKenzie team, which also included Transactional Associates Alejandra Cuadra and Michelle Pfeffer and Tax Partners Thomas May and Amir-Kia Waxman.