Alicorp accepts total tenders for $89.16 million of 3 7/8% notes

By Jennifer Chiou

New York, Feb. 12 – Peru’s Alicorp, SAA announced that it has completed the offer for its $450 million of outstanding 3 7/8% senior notes due 2023, accepting tenders for an overall $89,159,000 principal amount of notes.

As reported, at 5 p.m. ET on Jan. 26, the original early tender date, holders had tendered $86,759,000 of the securities.

That early tender deadline was extended to coincide with the offer’s final deadline of 11:59 p.m. ET on Feb. 9, according to a prior company press release.

All participating holders will receive the total payment of $972.50 per $1,000 principal amount, which includes a premium of $30.00.

The company also will pay accrued interest up to but excluding the settlement date.

The tender offer began on Jan. 12.

If holders had tendered more than $150 million of notes in the offer, the notes would have been accepted on a pro rata basis.

BofA Merrill Lynch (888 292-0070 or 646 855-8988) was the dealer manager. D.F. King & Co., Inc. (877 297-1739, 212 269-5550 or alicorp@dfking.com) was the information agent and tender agent.

Callou, Peru-based Alicorp is a consumer goods company.

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