Shearman And Sterling

News February 12, 2015

Shearman & Sterling Advises Alicorp S.A.A. on Tender Offer for Senior Notes

Shearman & Sterling advised Alicorp S.A.A. (“Alicorp”) in connection with its tender offer for up to US$150 million in aggregate principal amount of its 3.875% Senior Notes due 2023. Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as the dealer manager. The purpose of the tender offer was to lower Alicorp’s exposure to exchange rate fluctuations.

Alicorp is a leading consumer goods company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Chile, and Ecuador, and exports to 23 other countries. The company focuses on three core businesses: consumer products in Peru, Brazil, Argentina, Ecuador, Colombia, and other countries; industrial food products; and animal nutrition.

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