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The Firm represented Citigroup and Credit Suisse as initial purchasers in connection with InRetail Shopping Malls’ offering of an aggregate principal amount of US$350 million 6.500% Senior Notes due 2021, which was conducted in reliance upon Rule 144A and Regulation S under the Securities Act. The Firm also represented Citigroup and Credit Suisse as dealer managers in connection with an offshore concurrent cash tender offer and consent solicitation whereby InRetail Shopping Malls offered to purchase any and all the outstanding 8.75% Senior Secured Notes due 2023 issued by Interproperties Finance Trust, an affiliate of InRetail Shopping Malls.  In addition, the Firm represented Citigroup and Credit Suisse as placement agents in connection with InRetail Shopping Malls’ offering of an aggregate principal amount of US$50 million 7.875% Senior Notes due 2034, which was issued in local currency and conducted in reliance upon Regulation S under the Securities Act.  The net proceeds from the offerings will be used to repay debt and to finance capital investments.

InRetail Shopping Malls is the largest shopping mall developer and operator in Peru.  Its parent company, Intercorp Peru, is one of Peru’s largest conglomerates, with activities spanning financial services, retail, education and real estate, among others.

The Simpson Thacher team included Juan Francisco Mendez, Juan M. Naveira, and David Argueta (Capital Markets), and Jon Cantor and Chang Won Choi (Tax).