By Sarah Lizee
Olympia, Wash., Aug. 6 – Intercorp Peru Ltd. sold $325 million of 3 7/8% senior notes due Aug. 15, 2029 at 98.137, according to a prospectus for the notes.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC were the joint bookrunners. UBS Investment Bank was a co-manager.
The company may redeem the notes in whole or in part before May 15, 2029 at par plus a make-whole premium and accrued interest to the date of redemption. After that, the company may redeem the notes in whole or in part at par plus accrued interest. Also, if a change of control event occurs, the notes will be putable at 101 plus accrued interest.
Proceeds were used to repurchase $164,046,000 of the company’s 5 7/8% senior notes due 2025 in a tender offer. Proceeds will also be used to redeem the remaining 5 7/8% notes not purchased in the tender offer.
Intercorp is a Lima, Peru-based financial services company.
| Issuer: | Intercorp Peru Ltd.
|
| Amount: | $325 million
|
| Maturity: | Aug. 15, 2029
|
| Description: | Senior notes
|
| Bookrunners: | Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC
|
| Co-manager: | UBS Investment Bank
|
| Coupon: | 3 7/8%
|
| Price: | 98.137
|
| Call: | Make-whole call option before May 15, 2029; callable at par after that
|
| Put: | 101 upon change of control
|
| Settlement date: | July 29
|
| Listing date: | Aug. 1
|
| Distribution: | Rule 144A/Regulation S
|
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