Cementos Pacasmayo’s Cash Tender Offer for up to $150 Million Aggregate Principal Amount of its Outstanding 4.50% Senior Notes due 2023

Simpson Thacher & Bartlett, Garrigues and Cleary Gottlieb Steen & Hamilton advised on the transaction.

The offer was oversubscribed at the early tender date and settled early on December 11, 2018, when Cementos Pacasmayo repurchased approximately $168 million of the notes. The tender offer launched on November 26, 2018, and expired on December 21, 2018.

Cementos Pacasmayo is a leading cement company in Peru that produces, distributes, and sells cement and cement-related materials with more than 60 years of operating history.

Simpson Thacher & Bartlett advised Cementos Pacasmayo S.A.A. with Jaime Mercado (Picture), Kirsten L. Davis, Jonathan E. Cantor, Sarah Duffy and Miluska Gutiérrez Vega.

Garrigues advised Cementos Pacasmayo S.A.A. with Sergio Amiel, Diego Harman and Mónica Yrrarazabal.

Cleary Gottlieb represented J.P. Morgan and Credicorp Capital as dealer managers in the cash tender offer with a team including Juan Giráldez (Picture), Erika Nijenhuis, Lizzie Gómez, Julián Cardona and Hannah Littman.

Involved fees earner: Julian Cardona – Cleary Gottlieb Steen & Hamilton; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Lizzie Gómez – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Sergio Amiel – Garrigues; Diego Harman – Garrigues; Monica Yrrarazabal – Garrigues; Jonathan Cantor – Simpson Thacher & Bartlett; Kirsten Davis – Simpson Thacher & Bartlett; Miluska Gutierrez Vega – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Jaime Mercado – Simpson Thacher & Bartlett;

Law Firms: Cleary Gottlieb Steen & Hamilton; Garrigues; Simpson Thacher & Bartlett;

Clients: Cementos Pacasmayo SAA; Credicorp Capital; JP Morgan;

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Author: Ambrogio Visconti