Monterrey – September 17, 2026 -- Nemak, S.A.B. de C.V. has commenced a tender offer and consent solicitation to purchase any and all of its outstanding 2.250% Senior Notes due 2028, offering holders full par value of €1,000 per €1,000 principal amount plus accrued interest.
Tender offer targets full redemption of 2028 notes
The offer covers Notes issued under Regulation S (ISIN XS2362994068) and Rule 144A (ISIN XS2362996519). The Tender Offer expires at 11:00 a.m. New York time (5:00 p.m. CET) on September 22, 2026, with settlement expected September 24, 2026.
Consent solicitation seeks to strip covenants from indenture
Concurrent with the tender, Nemak is soliciting noteholder consents to amend the indenture, eliminating substantially all restrictive covenants and certain events of default, and shortening redemption notice periods from 30 days to three business days. Adoption requires consents from holders representing at least a majority of the outstanding principal amount. Noteholders tendering Notes must also deliver consents; the two actions cannot be made separately.
Company plans to redeem remaining notes after settlement
Notes accepted for purchase will be retired and cancelled. Nemak intends, though is not obligated, to issue a redemption notice for any Notes remaining outstanding after the Settlement Date under the terms of the existing indenture.
Scotia Capital and D.F. King manage the transaction
Scotia Capital (USA) Inc. is acting as dealer manager and solicitation agent, while D.F. King Ltd serves as tender, tabulation and information agent. Withdrawal rights for tendered Notes expire at the same deadline as the tender offer, unless extended, and Notes may also be withdrawn if the offer is not completed within 60 business days of commencement.