Milbank, Tweed, Hadley & McCloy represented the initial purchasers, Citigroup Global Markets and BofA Merrill Lynch, in the $250 million bond offering by Kimberly-Clark de México, S.A.B. de C.V. (KCM), one of Mexico’s largest consumer products companies.
Proceeds from the Rule 144A and Regulation S offering of 3.250% notes due 2025 will be used for general corporate purposes and to finance capital expenditures.
New York-based Global Securities partner Carlos Albarracín led the Milbank team, which also included Tax partner Andrew Walker and associates Sam Badawi, Murray Gregorson, Michael Goon and international attorney Diego Sanchez.
In April 2014, Milbank also represented Citigroup Global Markets and BofA Merrill Lynch as initial purchasers in the $250 million bond offering by KCM, the first time in 15 years that the Mexican consumer products company has accessed the international capital markets and the lowest yield- to-maturity of any Mexican or Latin American corporate bond to date.
