Simpson Thacher Represents Credit Suisse and J.P. Morgan in Intercorp Peru’s Investment Grade Bond Offerings and Tender Offer
The Firm represented Credit Suisse, J.P. Morgan and UBS as initial purchasers in connection with Intercorp Peru’s offering of an aggregate principal amount of US$325 million 3.875% Senior Notes due 2029, which was conducted in reliance upon Rule 144A and Regulation S under the Securities Act, and Credit Suisse and J.P. Morgan in the offering of an aggregate principal amount of S/.300 million 5.78125% Senior Notes due 2029, which was conducted in reliance upon Regulation S under the Securities Act.
The Firm also represented Credit Suisse and J.P. Morgan as dealer managers in connection with a concurrent cash tender offer whereby Intercorp Peru offered to purchase any and all of its outstanding 5.875% Secured Notes due 2025.
Intercorp Peru is one of Peru’s largest conglomerates, with activities spanning financial services, retail, real estate and education, among others.
The Simpson Thacher team included Juan Francisco Méndez, Joshua Bernard and Eduardo Camara (Capital Markets); and Jon Cantor (Tax). Summer Associate Humberto Romero also provided valuable assistance.