Davis Polk advised the initial purchasers in connection with the Rule 144A/Regulation S offering by Industrias Peñoles, S.A.B. de C.V. of $1.1 billion aggregate principal amount of its 4.150% senior notes due 2029 and 5.650% senior notes due 2049.

Headquartered in Mexico City, Industrias Peñoles, S.A.B. de C.V. is a leading mining company in Mexico with vertically integrated operations in smelting and refining non-ferrous metals and producing inorganic chemicals. Industrias Peñoles is the world’s largest producer of refined silver, Latin America’s leading producer of refined primary gold and lead, and among the world’s top producers of refined zinc and sodium sulfate.

The Davis Polk corporate team included partner Maurice Blanco and counsel Drew Glover and Alain Kuyumjian. Partner Po Sit and associate Joseph M. Gerstel advised on U.S. tax matters. Members of the Davis Polk team are based in the New York and Northern California offices.

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