#Peru #Senior Notes #Tender Offer #Alicorp #Callao

Alicorp S.A.A. Launches Cash Tender Offer

Alicorp S.A.A. has officially announced its initiation of a tender offer aimed at purchasing any and all of its outstanding 6.875% Senior Notes due in 2027, a move that marks a significant step in the company’s financial strategy. This offer is accessible to current noteholders who are willing to tender their securities for cash. The details of the offer reveal a systematic approach towards managing Alicorp's debt and enhancing its liquidity position as it navigates through the current financial landscape.

The Senior Notes are identified by their CUSIP numbers 016234 AC0 and P0161K DW0. This tender offer, described in the recent press release, will ensure that holders seeking liquidity can take advantage of the current market conditions. The cash offer is set at a compelling consideration of S/ 1,015 for every S/ 1,000 principal amount of the outstanding Senior Notes validly tendered and not withdrawn by the stipulated deadline.

Offer Mechanism and Conditions

The tender offer will remain open until 9 a.m. New York City time on June 10, 2025, unless extended by Alicorp at its discretion. Holders are encouraged to act swiftly, as only validly tendered and not withdrawn notes will qualify for the cash consideration. Additionally, tendered notes can be withdrawn within specified timeframes, ensuring that bondholders can reassess their decisions in a volatile market environment. Alicorp has outlined that accrued interest from the last payment date will also be paid to holders, supporting its commitment to maintain investor trust.

Amidst uncertain market dynamics, this move signifies Alicorp’s proactive stance in managing its liabilities. It is noteworthy that the tender offer is not conditioned on a minimum principal amount of notes being tendered; rather, it relies on the successful execution of certain specified conditions, including financing conditions detailed in the offer documentation.

Expert Insight and Management Strategy

Alicorp has sought the expertise of notable financial institutions—including BBVA Securities Inc., BofA Securities, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC—as dealer managers for this initiative, reflecting the seriousness of their commitment to secure favorable terms for all parties involved. By working with these experienced managers, Alicorp aims to streamline the offer process and ensure that it operates within the legal and financial frameworks established for such transactions.

In keeping with best practices, Alicorp is also moving forward with full transparency, releasing the details of the offer and ensuring all documentation is available through their designated information agent and tender agent, D. F. King & Co. Inc. This move not only enhances clarity for investors but also sets a standard for corporate governance in the tender processes.

A Look Ahead

Alicorp's operation spans multiple countries within Latin America, boasting diverse segments in consumer goods, aquafeed, and B2B branded products. Through this tender offer, the firm is aiming not only to manage existing obligations more effectively but also positioning itself for future growth opportunities amid economic fluctuations. Investors and market analysts will be keenly observing the outcomes of this strategic financial maneuver.

In conclusion, this tender offer is an essential component of Alicorp's broader financial strategy. By focusing on its liabilities and ensuring liquidity for its bondholders, the company is keen on reinforcing its operational strength and ensuring stakeholder confidence as it progresses.

For further inquiries about the tender offer, interested parties are encouraged to contact the listed dealer managers or refer to the detailed documentation accessible online. This initiative represents a pivotal moment for Alicorp, which showcases its commitment to uplift its financial positioning for sustained operational success.