The notes are due 2034 and 2054

Davis Polk advised the initial purchasers in connection with the Rule 144A / Regulation S offering by Gruma, S.A.B. de C.V. of $500 million aggregate principal amount of its 5.390% notes due 2034 and $300 million aggregate principal amount of its 5.761% notes due 2054.

Headquartered in San Pedro Garza García, Mexico, with approximately 25,000 employees and 75 manufacturing facilities, Gruma is one of the world’s main tortilla and corn flour producers. With leading brands in most of its markets, it has operations in the United States, Mexico, Central America, Europe, Asia and Oceania. Gruma is a publicly traded variable stock corporation incorporated under the laws of Mexico, and its shares are listed on the Mexican Stock Exchange.

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. Partner Mario J. Verdolini and associates Charlotte Bilski Matthews and Seth Cole advised on U.S. tax matters. All members of the Davis Polk team are based in the New York office.

 

Copy link to share post