Auna’s $300 Million High-Yield Notes Offering

Posse Herrera Ruiz, Davis Polk, and Estudio Rodrigo, Elias y Medrano advised Auna S.A.A. in the offering. Cleary Gottlieb Steen & Hamilton LLP and Garrigues advised the underwriters.

Auna S.A.A. executed its offering of $300 million aggregate principal amount of its 6.500% senior notes due 2025. The notes are guaranteed by certain Peruvian and Colombian subsidiaries of Auna. Auna intends to use the net proceeds from the offering to repay certain of its existing outstanding indebtedness and for general corporate purposes.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc. acted as initial purchasers for the offering.

Auna is one of the largest and most recognized players in the Peruvian healthcare industry and has a growing presence in Colombia. With more than 30 years of experience in the healthcare industry, Auna provides oncology healthcare plans in Peru and operates hospitals and clinics in Peru and Colombia that provide high-quality medical services.

The Davis Polk corporate team advising Auna included partner Maurice Blanco (Picture) and associates Hillary A. Coleman, Claudia Carvajal Lopez and Jordyn Giannone. The tax team included partner William A. Curran and associate Alexander J. Hendin. Associate Sijia Cai provided Investment Company Act advice.

Posse Herrera Ruiz advised Auna with Partners Mariana Posse and Jaime Cubillos, supported by Jesús Albarrán, Adriana Cabal, Susana Gómez and Catalina Rodríguez.

Estudio Rodrigo, Elias y Medrano advised Auna with a team led by Partners Jean Paul Chabaneix and Jorge Trelles, with Bruno Baigorria Barrantes and Ana Sofia Restrepo.

Cleary Gottlieb Steen & Hamilton team for the underwriters included partners Francesca L. Odell and Adam Brenneman, lawyers Carla Cardoza Vidal, Martin Simonis, Elena Vespoli and Amanda Brown. Senior attorney David Stewart Fisher and associate Michael Sims provided tax advice

Garrigues advised the underwriters with a team in Perú led by Partners Thomas Thorndike and Sergio Amiel, and associates Rafael Martinelli, Miluska Gutierre and Mónica Yrrarazabal. Garrigues team in Colombia included Camilo Gantiva, Alejandro Garcia, Eduardo Sanmiguel, Andrés Felipe Melo and Paula González.

Involved fees earner: Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Amanda Brown – Cleary Gottlieb Steen & Hamilton; Carla Cardoza Vidal – Cleary Gottlieb Steen & Hamilton; Francesca Odell – Cleary Gottlieb Steen & Hamilton; Martin Simonis – Cleary Gottlieb Steen & Hamilton; Michael Sims – Cleary Gottlieb Steen & Hamilton; David Stewart Fisher – Cleary Gottlieb Steen & Hamilton; Elena Vespoli – Cleary Gottlieb Steen & Hamilton; Maurice Blanco – Davis Polk & Wardwell; Sijia Cai – Davis Polk & Wardwell; Claudia Carvajal Lopez – Davis Polk & Wardwell; Hillary Coleman – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Alexander Hendin – Davis Polk & Wardwell; Sergio Amiel – Garrigues; Alejandro García Botero – Garrigues; Camilo Gantiva – Garrigues; Miluska Gutiérrez Vega – Garrigues; Rafael Martinelli – Garrigues; Thomas Thorndike – Garrigues; Monica Yrrarazabal – Garrigues; Jesús Albarrán – Posse Herrera Ruiz; Adriana Cabal – Posse Herrera Ruiz; Jaime Cubillos – Posse Herrera Ruiz; Susana Gómez – Posse Herrera Ruiz; Mariana Posse – Posse Herrera Ruiz; Catalina Rodríguez – Posse Herrera Ruiz; Bruno Baigorria – Rodrigo, Elías & Medrano Abogados; Jean Paul Chabaneix – Rodrigo, Elías & Medrano Abogados; Ana Sofía Restrepo – Rodrigo, Elías & Medrano Abogados; Jorge Trelles – Rodrigo, Elías & Medrano Abogados;

Law Firms: Cleary Gottlieb Steen & Hamilton; Davis Polk & Wardwell; Garrigues; Posse Herrera Ruiz; Rodrigo, Elías & Medrano Abogados;

Clients: Auna S.A.A.; Citigroup Global Markets Ltd; Goldman Sachs & Co.; Santander Investment Securities Inc.; Scotia Capital Inc.;

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Author: Ambrogio Visconti