White & Case Advises on US$400 Million Sustainability-Linked Notes Issuance

Global law firm White & Case LLP has advised Iochpe-Maxion Austria GmbH and Maxion Wheels de México, S. de R.L. de C.V., as co-issuers, and Iochpe-Maxion S.A., as guarantor, on a US$400 million Rule 144A/Regulation S issuance of 5.000% sustainability-linked notes due 2028. 

The sustainability-linked bond framework has a long-term goal to reduce greenhouse gas emissions intensity by 30 percent by December 31, 2025. 

The notes units were guaranteed by Iochpe-Maxion S.A., a world leader in the production of automotive steel wheels and among the world leaders in the production of aluminium wheels for light vehicles, both in terms of production and sales volumes, as well as a leading producer of automotive structural components in the Americas in terms of production and sales volumes. 

The White & Case Capital Markets team was led by partners John Guzman (São Paulo), Victor Mendoza (Miami), Manuel Groenewold, and Juan Antonio Martín, and included associate Simon Micha Kurc (all in Mexico City).

In Latin America, White & Case advises on the full range of debt and equity transactions, and the Firm has achieved a leading reputation for routinely advising on first-to-market and award-winning transactions. Our Latin America-wide Capital Markets Practice is among the most highly ranked of international law firms, according to the most recent editions of Legal 500 Latin America and Chambers Latin America: Capital Markets.

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