LIMA, PERU / ACCESSWIRE / April 10, 2019 / Alicorp S.A.A. ("the Company"or "Alicorp") (Lima Stock Exchange: ALICORC1 and ALICORI1) aleading Peruvian CPG and B2B company, has priced Global PEN bondsin the international market for S/ 1,640,000,000.00 (One thousandsix hundred forty million soles).
The aforementioned bonds have a coupon of 6.875%, and aredue in 2027, with three equal annual amortizing payments in 2025,2026 and 2027. The Company expects to use the net proceeds to repaythe bridge loan undertaken to finance the acquisition ofIntradevco.
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The securities have not been and will not be registeredunder the U.S. Securities Act of 1933, as amended (the "SecuritiesAct"), any U.S. state securities laws or the securities laws of anyother jurisdiction (except Peru). The securities may not be offeredor sold within the United States or to any U.S. persons, except (a)to qualified institutional buyers (qualified institutional buyers,or "QIBs") within the meaning of Rule 144A under the Securities Act("Rule 144A"), in reliance on the exemption from the registrationrequirements of the Securities Act provided by Rule 144A, and (b)outside the United States to non-U.S. persons in compliance withRegulation S under the Securities Act ("Regulation S"). Thesecurities will be registered with the Peruvian Superintendency ofCapital Markets (Superintendencia del Mercado de Valores,or the "SMV"). In Peru, this offering will be considered a publicoffering directed exclusively to "institutional investors" (as suchterm is defined under SMV Resolution No. 021-2013-SMV-01, asamended).
This press release is neither an offer nor a solicitationof an offer to buy any securities of Alicorp in any transaction.Any offer to purchase the securities of Alicorp referenced abovewill be made solely on the terms and subject to the conditions setout in a separate offering document and no offer, solicitation orsale of any securities will be made in any state or otherjurisdiction in which such an offer, solicitation or sale would beunlawful.
About Alicorp
Alicorp is a leading CPG and B2B company headquartered in Peru, with operations in other Latin American countries, such as Argentina, Brazil, Bolivia, Chile, Ecuador, and exports to over 30 countries. The Company focuses on four core businesses: (1) Consumer packaging goods (food, personal and home care) in Peru, Brazil, Argentina, Bolivia, Ecuador and other countries, (2) B2B products (industrial oleaginous, industrial farinaceous and food service products), (3) Aquaculture (fish and shrimp balanced feed), and (4) Crushing (soy and sunflower beans).