Paul Hastings LLP, a leading global law firm, represented Gruma, S.A.B. de C.V., the world’s largest tortilla and corn flour producer in its US$400 million international bond offering and the redemption of likely the only corporate perpetual bond ever issued in Mexico. The offering involved the issuance of US$400 million of 4.875% Senior Notes due 2024. The proceeds from the sale of the notes will go principally to redeem the perpetual bonds issued ten years ago at an interest rate of 7.75%. The notes were issued pursuant to Rule 144A and Regulation S in a more than seven times oversubscribed offering. The managing underwriters involved were Goldman, Sachs & Co. and Santander Investment Securities Inc. More >>

Willkie represents RenaissanceRe in merger to accelerate growth in U.S. specialty and casualty reinsurance business. More >>

The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 4.875% Senior Notes due 2022 and $425 million aggregate principal amount of 5.125% Senior Notes due 2024. Sealed Air is using the net proceeds from the offering to repurchase all of its outstanding 8.125% Senior Notes due 2019, to pay related premiums, fees and expenses and for general corporate purposes. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S. More >>