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News Oct 19, 2017

Shearman & Sterling Advises Intercorp Financial Services on $300 Million Notes Offering

Shearman & Sterling represented Intercorp Financial Services in connection with its $300 million offering of 4.125% Senior Notes due 2027. Intercorp Financial Services is a leading provider of financial products and services in Peru through its main subsidiaries Interbank, Interseguro and Inteligo. The proceeds will be used to fund the acquisition of Sura Seguros in Peru and for general corporate purposes.  BofA Merrill Lynch, Interbank and J.P. Morgan acted as joint book-running managers in the transaction.

The Shearman & Sterling team included partner Antonia Stolper (New York-Capital Markets); counsel Alejandro Gordano (London-Capital Markets); associate Robert Powel (New York-Capital Markets); and visiting attorneys Joanna Dawson and Javier Napoleone (both New York-Capital Markets). Other Shearman & Sterling lawyers included partner Nathan Greene (New York-Funds); counsel Jeffrey Tate (Washington, DC-Tax); and associates Eric Grosshandler (New York-Tax) and Jo Xu (New York-Funds).