Simpson Thacher Represents Citigroup and Credit Suisse in Intercorp Peru’s High Yield Bond Offerings and Tender Offer and Consent Solicitation
02.13.15
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The Firm represented Citigroup and Credit Suisse as initial purchasers in connection with Intercorp Peru’s offering of an aggregate principal amount of US$250 million 5.875% Senior Notes due 2025, which was conducted in reliance upon Rule 144A and Regulation S under the Securities Act, and in the offering of an aggregate principal amount of S/.301.5 million 7.65625% Senior Notes due 2030, which was conducted in reliance upon Regulation S under the Securities Act.
The Firm also represented Citigroup and Credit Suisse as dealer managers and solicitation agents in connection with a concurrent cash tender offer and consent solicitation whereby Intercorp Peru offered to purchase any and all of its outstanding 8.625% Secured Notes due 2019.
Intercorp Peru is one of Peru’s largest conglomerates, with activities spanning financial services, retail, real estate and education, among others.
The Simpson Thacher team included Juan Francisco Méndez, Juan M. Naveira, David Argueta and Pablo Schreiber (Capital Markets); and Jon Cantor and Jodi Sackel (Tax).