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The Firm recently represented Camposol S.A. in connection with its private offer to exchange its US$200 million 9.875% Senior Notes due 2017 for newly issued 10.5% Senior Secured Notes due 2021. The exchange offer consisted of a par exchange of new Notes for existing Notes, and included the grant of a security interest over land collateral that was transferred to a Peruvian trust for the benefit of bondholders, as well as guarantees from Camposol’s parent and several of its subsidiaries. Approximately 75% in principal amount of existing notes were tendered in the exchange offer. 

Camposol is the leading agro industrial company in Peru. It is Peru’s largest producer of avocados and among the top five producers of blueberries in the world. It also produces asparagus, grapes, mangos, tangerines and shrimp. Camposol’s exports its products to markets throughout Europe, the United States and in Asia. 

The Simpson Thacher team for the transaction included David Williams, Michael Nathan, Jaime Mercado and International Associates Jose E. Frias and Hector Cardenas (Capital Markets); and Jon Cantor and Michael Badain (Tax).