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

Alicorp S.A.A. Announces Tender Offer Results

Callao, Peru, June 10, 2025 – Alicorp S.A.A. has reported on the results of its recent tender offer concerning its outstanding 6.875% Senior Notes, set to mature in 2027. The offer, open to all bondholders, officially expired at 9:00 a.m. ET today, with the company revealing that notes valued at S/ 1,073,296,000 have been successfully tendered.

Overview of the Tender Offer

This tender offer was initiated as part of the company's financial strategy to manage its debt effectively and optimize its capital structure. Under the terms of the offer, detailed in the Offer to Purchase published on June 3, 2025, bondholders were invited to tender their notes in exchange for cash consideration of S/ 1,015 per S/ 1,000 principal amount, excluding accrued interest.

Key Details

The key elements of this tender offer were as follows:

• - Outstanding Principal Amount: S/ 1,395,760,000
• - Amount Accepted for Purchase: S/ 1,073,296,000
• - Consideration Offered: S/ 1,015 per S/ 1,000 principal amount

This total reflects an adjusted principal amount after accounting for a pool factor due to amortization, now standing at S/ 930,506,666.67.

The company set June 16, 2025, as the expected settlement date for the tendered notes, ensuring that all bondholders who participated will receive their payments promptly.

Payment in U.S. Dollars

As part of the tender process, Alicorp will convert the total consideration into U.S. dollars, calculated based on the Average Representative Market Rate two business days before the settlement date. The final conversion rate will be announced following the FX Determination Date, promising transparency for all involved parties.

Dealers Involved

Alicorp engaged prominent financial institutions as Dealer Managers for this offer, namely BBVA Securities, BofA Securities, Goldman Sachs, and J.P. Morgan Securities. These firms have been instrumental in facilitating the process and addressing inquiries related to the offer.

About Alicorp

Alicorp stands as a major player in the Latin American market, known for its versatile portfolio comprising consumer goods, aquafeed products, and various B2B offerings. With its headquarters in Peru, the company operates 29 manufacturing facilities and extends its reach across several countries, including Ecuador, Chile, Bolivia, and Honduras.

Conclusion

The completion of this tender offer represents a significant step in Alicorp's ongoing efforts to streamline its financial obligations and enhance shareholder value. As the company moves forward, stakeholders and investors will be keenly observing any further updates related to its financial performance and strategic initiatives.

This announcement underlines Alicorp's commitment to maintaining transparent communications with its bondholders and the broader financial community. Interested parties seeking more information can access thorough documentation on the offer through D.F. King & Co., the Information Agent and Tender Agent for this transaction.

For any inquiries, bondholders can reach the Dealer Managers, ensuring they remain fully informed on the implications and outcomes of the tender offer.