Simpson Thacher Represents Arrangers in US$1 Billion Secured Bridge Acquisition Financing to Inkafarma
03.02.18
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The Firm represented Citibank, JPMorgan and Credit Suisse in connection with a US$1 billion secured bridge loan financing to Eckerd Perú S.A. (“Inkafarma”), the largest pharmacy chain in Perú and one of the country’s most recognized brands.
Inkafarma is owned by InRetail Peru Corp. (“InRetail”), a leading mutli-format retailer that operates supermarkets, pharmacies and shopping malls in Perú.
The loan proceeds will be used to finance the acquisition of Quicorp S.A., which operates over 1,000 pharmacies in Perú and Bolivia, and for liability management within the InRetail and Quicorp S.A. groups.
The Simpson Thacher team included Juan F. Méndez, Joshua Bernard and Mariano Peró (Banking and Credit); and Jonathan Cantor and John Torrenti (Tax).