#Peru #Lima #Senior Notes #Tender Offer #InRetail Shopping Malls

InRetail Shopping Malls Launches Tender Offer

In a significant move for institutional investors, InRetail Shopping Malls has announced the commencement of a tender offer for all outstanding 5.750% Senior Notes due 2028. This announcement was made on October 3, 2025, detailing the company's strategy to optimize its capital structure.

Understanding the Tender Offer

The tender offer is aimed at holders of the 5.750% Senior Notes (CUSIP Nos. 45780UAB0 and P56243AD3), which have an aggregate principal amount outstanding of $350 million. Investors who participate will be offered a consideration of $1,009.58 for each $1,000 in principal amount of the notes, excluding any accrued interest that will be paid in addition to this amount. For investors looking to benefit from this tender offer, timely action is crucial, as the deadline for valid tenders is set for 5:00 PM New York City time on October 9, 2025.

A Closer Look at the Conditions

Holders who wish to tender their notes must follow a set of specific guidelines outlined in the Offer to Purchase document. In particular, they must either validly tender their notes before the expiration time or provide a Notice of Guaranteed Delivery containing the necessary documentation. This structured approach is intended to ensure the offer’s smooth execution and compliance with financial regulations.

Financial Implications of the Tender Offer

By executing this tender offer, InRetail Shopping Malls is taking proactive measures to manage its debt obligations effectively, which may significantly impact its financial health moving forward. The company has disclosed that accepted holders will receive accrued interest from the most recent payment date up to but not including the settlement date, expected to occur on October 16, 2025.

This tender offer is critical as it is part of broader financing efforts, including the simultaneous offering of new senior notes exempt from registration under U.S. law. These strategic decisions are reflective of InRetail's commitment to enhancing its operational capabilities and maintaining financial flexibility.

Seeking Investor Participation

InRetail Shopping Malls has engaged key financial institutions such as Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC to act as dealer managers throughout the tender process, facilitating communication and assisting potential investors. Questions regarding the tender offer can be directed to these institutions, where specialized teams are on hand to offer support.

Understanding InRetail Shopping Malls

As Peru's leading shopping mall platform, InRetail holds a prominent position in the market, with its portfolio comprising 22 strategically located malls spanning over 860,194 square meters of gross leasable area. The company's malls primarily operate under the Real Plaza brand, targeting the emerging middle class in Peru. With over two decades of experience, InRetail has become synonymous with successful retail management, high occupancy rates, and attracting a robust mix of both national and international retail brands.

Investors looking to participate in this tender offer must be diligent in their approach, considering the outlined terms and timelines to maximize their investment benefits. The company's solid standing in the Peruvian retail sector adds a layer of reliability for potential investors engaging in this financial opportunity.