InRetail’s $1.1 Billion Notes Offering

Skadden, Arps, Slate, Meagher & Flom and Payet, Rey, Cauvi, Pérez Abogados represented InRetail Consumer in the transaction, while Simpson Thacher and Miranda & Amado represented the initial purchasers.

InRetail consumer, the leading Peruvian retailer, executed its offering of $600 million 3.250% senior secured notes due 2028, $550 million 4.900% senior secured notes due 2028 and related tender offer and consent solicitation in respect of the 5.375% notes due 2023 of its subsidiary InRetail Pharma.

Credit Suisse, JP Morgan and Santander acted as joint bookrunners and dealer managers.

Proceeds from the notes were used to repay certain credit facility used for the acquisition of the Makro supermarkets chain in Peru.

InRetail Consumer is a subsidiary of InRetail Peru Corp. and a leading multi-format retailer with interests in supermarkets, pharmacies and shopping malls in Peru.

The Skadden team included Capital Markets partner Alejandro Gonzalez Lazzeri (Picture), international visiting professionalEugenio Marin and associate Alejandro Ascencio; and Tax partner Alec Jarvis and associates Nazmiye Gokcebayand Cameron Williamson.

In Perù, Payet, Rey, Cauvi, Pérez advised InRetail with José Cúneo, Alan García Nores, Camila Mariátegui and Lisset López Miranda.

Simpson Thacher represented the initial purchasers with Juan Francisco Méndez, Joshua Bernard, Antonio Ribichini and Francisco Ducci (Capital Markets); Jonathan Pall (Banking and Credit); and Jon Cantor and Scott Grundei (Tax).

Miranda & Amado advised the initial purchasers with Juan Luis Avendaño Cisneros, Álvaro del Valle Roeder, Rafael Santín López Torres, Luis Miguel Sánchez Bao and Alessia Roca.

Involved fees earner: Juan Luis Avendaño – Miranda & Amado Abogados; Álvaro del Valle Roeder – Miranda & Amado Abogados; Alessia Roca – Miranda & Amado Abogados; Luis Miguel Sánchez Bao – Miranda & Amado Abogados; Rafael Santín López Torres – Miranda & Amado Abogados; José Cúneo Galdós – Payet, Rey, Cauvi, Pérez, Mur; Alan García Nores – Payet, Rey, Cauvi, Pérez, Mur; Lisset López – Payet, Rey, Cauvi, Pérez, Mur; Camila Mariátegui – Payet, Rey, Cauvi, Pérez, Mur; Joshua Bernard – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Francisco Ducci – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Juan Francisco Mendez – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Antonio Ribichini – Simpson Thacher & Bartlett; Alejandro Ascencio – Skadden Arps Slate Meager & Flom; Nazmiye Gokcebay – Skadden Arps Slate Meager & Flom; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Alec Jarvis – Skadden Arps Slate Meager & Flom; Eugenio Marin – Skadden Arps Slate Meager & Flom; Cameron Williamson – Skadden Arps Slate Meager & Flom;

Law Firms: Miranda & Amado Abogados; Payet, Rey, Cauvi, Pérez, Mur; Simpson Thacher & Bartlett; Skadden Arps Slate Meager & Flom;

Clients: Credit Suisse; InRetail Peru Corp.; J.P. Morgan Securities LLC; Santander;

Author: Martina Bellini