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The Firm represented Credit Suisse, J.P. Morgan and Santander as initial purchasers in connection with InRetail Consumer’s offering of an aggregate principal amount of US$600 million 3.25% Senior Secured Notes due 2028, which was conducted in reliance upon Rule 144A and Regulation S under the Securities Act, and as placement facilitation agents in connection with the offering of an aggregate principal amount of S/555 million 4.9% Senior Secured Notes due 2028, which was conducted in reliance upon Regulation S under the Securities Act.

The Firm also represented Credit Suisse, J.P. Morgan and Santander as dealer managers in connection with a concurrent cash tender offer and consent solicitation whereby InRetail Pharma offered to purchase any and all of its outstanding 5.375% Senior Notes due 2023.

InRetail Consumer is a multi-format retailer in Peru with two business segments: supermarkets and pharmacies. Supermercados Peruanos, their supermarket chain, is the second largest in Peru, and targets multiple socioeconomic categories of the Peruvian population. InRetail Pharma, their pharmacy chain, is the largest in Peru, and one of the most recognized brands in the country.

The Simpson Thacher team included Juan Francisco Méndez, Joshua Bernard, Antonio Ribichini and Francisco Ducci (Capital Markets); Jonathan Pall (Banking and Credit); and Jon Cantor and Scott Grundei (Tax).