Nachrichten July 25, 2014

Shearman & Sterling Represents InRetail Shopping Malls in S/.141 Million Notes Offering

Shearman & Sterling represented InRetail Shopping Malls, a Peruvian trust, along with its parent and subsidiaries, in connection with its issuance of S/.141 million aggregate principal amount of 7.875% Senior Notes due 2034 in compliance with Regulation S under the U.S. Securities Act.

InRetail Shopping Malls, together with its parent and consolidated subsidiaries, is the largest company in the shopping mall sector in Peru. It is the largest owner, developer and operator of shopping malls based on both gross leasable area (“GLA”) and the number of shopping malls. Under its Real Plaza brand, it operates 16 shopping malls with 495,533 m2 of GLA that it owns or leases on a long-term basis and three additional shopping malls with 58,000 m2 of GLA that are owned by related parties. The proceeds from the notes offering were used to refinance certain financial obligations.

Team Lead