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News Apr 17, 2019

Alicorp’s S/ 1.64 Billion Senior Notes Offering

Shearman & Sterling advised Alicorp in connection with its Rule 144A/Regulation S offering of S/ 1.64 billion aggregate principal amount of its 6.875% Senior Notes due 2027, marking the Peruvian consumer goods company’s second international issuance since its inaugural international offering in 2013.

Alicorp is a leading Latin American producer, distributor and marketer of branded consumer products, headquartered in Peru and with international operations in Ecuador, Chile, Brazil, Bolivia, Argentina, Colombia, Honduras and Mexico. Alicorp exports its products to over 30 countries, including the United States and Canada.  The company focuses on four core business segments: consumer goods, aquafeed, B2B branded products and crushing.

The proceeds of the offering will be used to repay in full Alicorp’s outstanding indebtedness under a bridge loan entered into for the acquisition of Intradevco, a leading producer and distributor of home and personal care products in the Andean Region, which occurred on January 31, 2019.

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