Intercorp Peru tenders for $250 million 8 5/8% secured notes due 2019

New York, Jan. 28 – Intercorp Peru Ltd. announced it has begun a cash tender offer for its $250 million of 8 5/8% secured notes due 2019.

The issuer is also soliciting consents to amend the note indenture to eliminate substantially all of the restrictive covenants and certain events of default and to reduce the required notice to the trustee for an optional redemption to three business days from 45 and for holders from a minimum of 30 days to three business days.

Intercorp is offering $1,047.50 per $1,000 principal amount of the notes plus accrued interest, according to a notice from the company.

The tender ends at 11 a.m. ET on Feb. 10. Settlement is planned for Feb. 12.

Intercorp plans to redeem any notes not tendered “promptly” after the settlement date.

The offer is subject to the receipt of consents from holders of a majority of the notes – the response required to amend the indenture – and a financing condition.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) and Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147) are dealer managers and solicitation agents for the tender, which is being conducted under Regulation S.

DF King (+44 20 7920 9700, 212 269 5550 or intercorp@dfkingltd.com) is the information agent and tabulation agent.

Intercorp is a Lima, Peru-based financial services company.

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