Fondo MIVIVIENDA S.A. Completes US$400 Million Debt Offering and Concurrent Intermediated Cash Tender Offer
The Firm represented Fondo MIVIVIENDA S.A. (“FMV”), in connection with its offering of US$400 million of 5.400% Notes due 2031. The Firm also represented FMV in connection with a concurrent intermediated cash tender offer made by Scotia Capital (USA) Inc. (“Scotia”) for up to US$375,000,000 aggregate principal amount of FMV’s outstanding 4.625% Notes due 2027. Proceeds from the offering will be used by FMV primarily to fund the exchange of the 4.625% Notes due 2027 purchased by Scotia in the concurrent offer and to pay transaction costs and expenses.
FMV is a Peruvian state-owned corporation (sociedad anónima) dedicated to providing lower- and middle-income working families and individuals with access to financing to purchase, construct or improve their residences.
The Simpson Thacher team for these transactions included, among others, Juan Francisco Méndez, Kirsten L. Davis and Alicia Corbo (Capital Markets); and Jonathan Cantor and Heesang Yeo (Tax).