Shearman & Sterling represented Intercorp Peru Ltd. in connection with its recent refinancing transactions, including (1) its issuance of S/.301,500,000 principal amount of 7.66% Senior Notes due 2030 on February 10, 2015 to Peruvian investors in compliance with Regulation S under the Securities Act, (2) its issuance of US$250,000,000 aggregate principal amount of 5.875% Senior Notes due 2025 on February 12, 2015 to international investors pursuant to Rule 144A, and in compliance with Regulation S, under the Securities Act, (3) its tender offer for US$250,000,000 principal amount of its outstanding 8.625% Secured Notes due 2019 in compliance with Regulation S under the Securities Act and (4) its consent solicitation to amend the terms of its outstanding 8.625% Secured Notes due 2019 to permit certain redemption transactions.

Intercorp Peru Ltd. is a holding company for one of Peru’s largest business groups. Focused on Peru’s growing middle class, it provides a variety of services to satisfy consumers’ evolving preferences for modern goods and services. Its business are primarily concentrated in three industries: financial services, retail (including shopping malls) and education. A substantial portion of the proceeds from the Senior Notes offerings were used to purchase Intercorp Peru Ltd.’s outstanding tendered 8.625% Secured Notes due 2019, and the remainder will be used for general corporate purposes, including the refinancing of certain other outstanding indebtedness.

The Team