Camposol’s $350 Million Senior Notes Offering

Rebaza, Alcázar & De Las Casas and Arnold & Porter advised Camposol S.A.. Cleary Gottlieb and Estudio Echecopar (Baker McKenzie) represented the initial purchasers BofA Securities Inc., BBVA Securities Inc., Scotia Capital (USA) Inc., Santander Investment Securities Inc. and UBS Securities LLC in the offering. Arnold & Porter represented Camposol S.A.

Camposol S.A. issued an offering of US$350 million 6.000% Senior Notes due 2027, guaranteed by Csol Holding Limited, a company organized and existing under the laws of Cyprus. Camposol S.A. is a company organized and existing under the laws of Peru.

The offering was conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the United States in reliance on Regulation S. The transaction priced on January 28, 2020 and closed on February 3, 2020.

The proceeds of the offering will be used for prepay mid-term loans and corporate purposes.

Founded in 1997, Camposol is a Peruvian multinational producer of fresh produce, including blueberries, avocados and tangerines, for leading global retailers and wholesalers. Camposol has operations in Peru, Colombia, Chile and Uruguay.

The Cleary team included partner Adam Brenneman (Picture), associate Jeff Shim, and international lawyer Daniela Urquiza. Associate Hannah Littman and law clerk Hunter McWinn provided tax advice.

Estudio Echecopar (Baker McKenzie) represented the initial purchasers with a team including Alonso Miranda Vargas and  Luis Ernesto Marín Villarán.

The Arnold & Porter team advising Camposol was led by Gregory Harrington and included Carlos Pelaez, Mateo Morris, David Sausen and Joel Deuth.

Rebaza, Alcázar & De Las Casas advised Camposol with a team including Daniel Gonzales La Rosa, Rafael Alcázar,  Camilo Maruy, Pedro Díaz, Llanet Gáslac, Ana Paula Novoa and María Fernanda Frías.

Involved fees earner: Joel Deuth – Arnold & Porter Kaye Scholer LLP; Gregory Harrington – Arnold & Porter Kaye Scholer LLP; Mateo Morris Lievano – Arnold & Porter Kaye Scholer LLP; Carlos Pelaez – Arnold & Porter Kaye Scholer LLP; David Sausen – Arnold & Porter Kaye Scholer LLP; Luis Ernesto Marín Villarán – Baker McKenzie; Alonso Miranda Vargas – Baker McKenzie; Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Hannah Littman – Cleary Gottlieb Steen & Hamilton; Jeff Shim – Cleary Gottlieb Steen & Hamilton; Daniela Urquiza Travi – Cleary Gottlieb Steen & Hamilton; Rafael Alcázar – Rebaza Alcazar & De Las Casas Abogados Financieros; Pedro Díaz Medina – Rebaza Alcazar & De Las Casas Abogados Financieros; María Alejandra Frías – Rebaza Alcazar & De Las Casas Abogados Financieros; Llanet Gaslac – Rebaza Alcazar & De Las Casas Abogados Financieros; Daniel Gonzales – Rebaza Alcazar & De Las Casas Abogados Financieros; Camilo Maruy – Rebaza Alcazar & De Las Casas Abogados Financieros; Ana Paula Novoa – Rebaza Alcazar & De Las Casas Abogados Financieros;

Law Firms: Arnold & Porter Kaye Scholer LLP; Baker McKenzie; Cleary Gottlieb Steen & Hamilton; Rebaza Alcazar & De Las Casas Abogados Financieros;

Clients: Bank of America Securities; BBVA Securities Inc.; Camposol S.A.; Santander Investment Securities Inc.; Scotia Capital Inc.; UBS Securities LLC;

Author: Ambrogio Visconti