InRetail Shopping Malls Completes Senior Notes Offerings and Concurrent Tender Offer
The Firm represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and other investment banks, as initial purchasers, in connection with the offering by InRetail Shopping Malls of US$375 million of its 5.650% Senior Notes due 2032. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. The Firm also represented Citigroup Global Markets Limited, J.P. Morgan Securities LLC and other investment banks, as placement agents, in connection with the offering by InRetail Shopping Malls of S/428 million of its 7.125% Senior Notes due 2032. The offering was conducted in reliance upon Regulation S under the Securities Act. The net proceeds from the offerings were used to fund the repurchase by InRetail Shopping Malls in a concurrent tender offer of its outstanding dollar-denominated 5.750% Senior Notes due 2028 and in a redemption of its outstanding soles-denominated 6.5625% Senior Notes due 2028. The Firm also represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and other investment banks as dealer managers in the tender offer.
InRetail Shopping Malls is the leading shopping mall platform in Peru, based on gross leasable area, number of shopping malls, tenants’ sales and number of visitors.
The Simpson Thacher team included Juan Francisco Mendez, Jon Vicuña and Juan Felipe Saenz Dussan (Capital Markets); and Jonathan Cantor and Jiha Min (Tax).