Nemak Announces Successful Tender Offer and Consent Solicitation for Senior Notes Due 2028
NEMAK, S.A.B. de C.V. announced the successful completion of a tender offer and consent solicitation for its outstanding €500 million 2.250% senior notes due in 2028. As of September 22, 2026, approximately €446.91 million (or 89.38%) of the total principal amount was tendered and consented to by holders. The company plans to execute a supplemental indenture that will eliminate most restrictive covenants in the original indenture governing these notes. It also intends to shorten notice periods for redemptions from 30 days to three business days, as well as reduce the period required to provide an officers' certificate before redemption. The tendered notes are expected to be settled on September 24, 2026, with holders receiving €1,000 per €1,000 principal amount of Notes plus accrued interest. The company may issue a notice of redemption for the remaining outstanding notes after settlement.