Intercorp Financial Services Inc.’s $300 Million Notes Offering


Shearman & Sterling, Miranda & Amado, Arias, Alemán & Mora, Skadden, Arps, Slate, Meagher & Flom, Garrigues, and Alemán, Cordero, Galindo & Lee advised on the transaction

Intercorp Financial Services finalized its $300 million offering of 4.125% Senior Notes due 2027. Intercorp Financial Services is a leading provider of financial products and services in Peru through its main subsidiaries Interbank, Interseguro and Inteligo. The proceeds will be used to fund the acquisition of Sura Seguros in Peru and for general corporate purposes.

BofA Merrill Lynch, Interbank and J.P. Morgan acted as joint book-running managers in the transaction.

Shearman & Sterling advised Intercorp Financial Services with a team including partner Antonia Stolper (Picture) (New York-Capital Markets); counsel Alejandro Gordano (London-Capital Markets); associate Robert Powel (New York-Capital Markets); and visiting attorneys Joanna Dawson and Javier Napoleone (both New York-Capital Markets). Other Shearman & Sterling lawyers included partner Nathan Greene (New York-Funds); counsel Jeffrey Tate (Washington, DC-Tax); and associates Eric Grosshandler (New York-Tax) and Jo Xu (New York-Funds).

In Lima, Miranda & Amado advised Intercorp Financial Services with Juan Luis Avendaño C., Álvaro del Valle and Rafael Santín López.

In Panama, Arias, Alemán & Mora advised Intercorp Financial Services with Luis E. Mastellari and Analida Romero.

Skadden, Arps, Slate, Meagher & Flom advised the joint book-running managers with Alejandro González Lazzeri, Hugo Triaca, Ana S. Kowalenko, Alejandro Ascencio and Jaime Carey.

In lima, Garrigues advised the joint book-running managers with Sergio Amiel, Oscar Arrús, Rafael Martinelli, Jorge Fuentes and Miluska Gutiérrez.

In Panama, Alemán, Cordero, Galindo & Lee advised The joint book-running managers with Eloy Alfaro and Rita de la Guardia.

Involved fees earner: Luis Mastellari – Arias Alemán & Mora; Analida Romero – Arias Alemán & Mora; Eloy Alfaro – Alemán, Cordero, Galindo & Lee; Rita de la Guardia – Alemán, Cordero, Galindo & Lee; Juan Luis Avendaño – Miranda & Amado Abogados; Álvaro del Valle Roeder – Miranda & Amado Abogados; Rafael Santín López Torres – Miranda & Amado Abogados; Sergio Amiel – Garrigues; Oscar Arrús – Garrigues; Jorge Fuentes – Garrigues; Miluska Gutiérrez Vega – Garrigues; Rafael Martinelli – Garrigues; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Hugo Triaca – Skadden Arps Slate Meager & Flom; Ana Kowalenko – Skadden Arps Slate Meager & Flom; Antonia Stolper – Shearman & Sterling; Alejandro Gordano – Shearman & Sterling; Nathan Greene – Shearman & Sterling; Jeffrey Tate – Shearman & Sterling; Eric Grosshandler – Shearman & Sterling;

Law Firms: Arias Alemán & Mora; Alemán, Cordero, Galindo & Lee; Miranda & Amado Abogados; Garrigues; Skadden Arps Slate Meager & Flom; Shearman & Sterling;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; Banco Internacional del Perú S.A.A. – Interbank; Intercorp Financial Services;