Grupo Nutresa Completes $2 Billion Bridge Loan Financing and $2 Billion Senior Notes Offering Take-out
05.12.25
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Simpson Thacher recently represented Goldman Sachs, JP Morgan, Citi, BTG Pactual, among others in connection with a US$2 billion bridge loan to Grupo Nutresa S.A. used by Grupo Gilinski to acquire an 85% stake in the company. Additionally, Simpson Thacher represented these same banks in a $2 billion notes offering by Grupo Nutresa used to repay the bridge loan, including the offering and sale of US$1 billion aggregate principal amount of 8.000% Senior Notes due 2030 and US$1 billion aggregate principal amount of its 9.000% Senior Notes due 2035. The offering, which was consummated pursuant to Rule 144A and Regulation S, marks the largest private-sector bond offering in Colombian history and stands as the largest private-sector offering by a Latin American company in nearly two years.
Nutresa is a Colombian food conglomerate with diversified operations in Latin America and the United States. Nutresa is present in 18 countries and its products are available in 73 countries around the world.
The Simpson Thacher team included Juan Francisco Mendez, Jomar Vargas, Jon Vicuña and Santiago Osorio (Credit & Capital Markets) and Michael Mann (Tax).