By Rebecca Melvin
New York, April 10 – Alicorp SAA priced S/. 1.64 billion of 6 7/8% notes due 2027 (expected ratings: Ba3//BBB) at par on Wednesday, according to a syndicate source.
The Rule 144A and Regulation S notes were sold via joint bookrunners BofA Merrill Lynch, Citigroup and Scotia.
The proceeds of the nuevo sol-denominated notes will be used to repay the bridge financing of the recent acquisition of Intradevco for an equity value of $495 million.
Based in Callao, Peru, Alicorp is a consumer goods company with operations in South America.
| Issuer: | Alicorp SAA
|
| Issue: | Notes
|
| Amount: | S/. 1.64 billion
|
| Maturity: | April 17, 2027
|
| Bookrunners: | BofA Merrill Lynch, Citigroup and Scotia
|
| Coupon: | 6 7/8%
|
| Price: | Par
|
| Yield: | 6 7/8%
|
| Trade date: | April 10
|
| Settlement date: | April 17
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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