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News Feb 12, 2015

Shearman & Sterling Advises Initial Purchasers in Connection with Cencosud’s Notes Offering

Shearman & Sterling represented HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc., as initial purchasers, in connection with Cencosud’s offering of $650,000,000 5.150% Senior Notes due 2025 and $350,000,000 6.625% Senior Notes due 2045.

Cencosud is a leading multi-brand retailer in South America, operating through a number of formats, including supermarkets, home improvement stores, shopping centers and department stores. Cencosud is headquartered in Chile and has operations in Chile, Argentina, Brazil, Colombia and Peru. The proceeds of the offering will be used to repay in full an outstanding bridge loan and for general corporate purposes.

The following Shearman & Sterling team advised the initial purchasers in the transaction: partner Stuart Fleischmann (New York-Capital Markets) and associates Jesse Cuevas (San Francisco-Capital Markets), Antonio Herrera Cuevas (San Francisco-Capital Markets), Jeffrey Tate (Washington, DC-Tax), Michael Daly (Washington, DC-Tax) and Jimena Janeiro Fong (New York-Capital Markets).

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