Simpson Thacher represented Citibank, JPMorgan and Credit Suisse in connection with a US$1 billion secured bridge loan financing to Eckerd Perú S.A. (“Inkafarma”), the largest pharmacy chain in Perú and one of the country’s most recognized brands.
Inkafarma is owned by InRetail Peru Corp. (“InRetail”), a leading mutli-format retailer that operates supermarkets, pharmacies and shopping malls in Perú. The company, led by
Juan Carlos Vallejo Blanco, Gonzalo Rosell Ramirez Gaston and Jorge Lazarte Molina, in 2017 recorded $2.156 Billion Revenues.
The loan proceeds will be used to finance the acquisition of Quicorp S.A., which operates over 1,000 pharmacies in Perú and Bolivia, and for liability management within the InRetail and Quicorp S.A. groups.
The Simpson Thacher team included Juan F. Méndez (Picture), Ismael Durán, Joshua Bernard and Mariano Peró (Banking and Credit); and Jonathan Cantor and John Torrenti (Tax).
Involved fees earner: Juan Francisco Mendez – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Joshua Bernard – Simpson Thacher & Bartlett; Mariano Peró – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; John Torrenti – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;