Cleary represents Dealer Managers in $100m Falabella offering
Cleary Gottlieb has represented J.P. Morgan Securities LLC and Santander US Capital Markets LLC in a cash tender offer by Falabella for up to USD $100m of its 3.750% senior secured notes due 2027.
The offer was launched on 15 July 2024 and the USD $100 million cap was reached prior to the early maturity date of 26 July 2024. The early offerings were settled on 30 July 2024.
Falabella is a publicly traded Chilean multi-format retailer with physical and online platforms in six business areas: department stores, home improvement, supermarkets, financial services, real estate and marketplace. Falabella operates in Chile, Peru, Colombia, Argentina, Brazil, Uruguay and Mexico.
Cleary’s corporate team included partner Adam Brenneman (pictured) and associate Alejandro Martínez-Inzunza. Partner Matthew Brigham, along with associates Samuel Kramer and Julia Huang, advised on tax matters. All lawyers are based in New York.
