Alicorp secures $480M multi-country financing led by four global banks
What's the deal? Peruvian consumer goods company AlicorpDealroom has a profile for this one. Try Dealroom → has secured senior unsecured facilities of up to $480 million, arranged by Banco Bilbao Vizcaya ArgentariaDealroom has a profile for this one. Try Dealroom →, CitibankDealroom has a profile for this one. Try Dealroom →, JPMorgan Chase Bank, and Banco SantanderDealroom has a profile for this one. Try Dealroom → as joint lead arrangers and bookrunners. The post-IPO debt financing was made available to all members of the Alicorp group across four countries.
What's the endgame? The group will use the proceeds for general corporate purposes and liquidity management across its operations in Peru, Colombia, Spain, and Ecuador.
How is it structured? The package comprises a five-year $250 million term loan and a three-year $230 million revolving credit facility for Alicorp PeruDealroom has a profile for this one. Try Dealroom →, with two one-year extension options. The term loan is split into tranches for Alicorp ColombiaDealroom has a profile for this one. Try Dealroom → (up to $110 million, in Colombian pesos and US dollars), Alicorp SpainDealroom has a profile for this one. Try Dealroom → ($35 million), and Alicorp EcuadorDealroom has a profile for this one. Try Dealroom → ($90 million).
The facilities are guaranteed by Alicorp Peru and governed by New York law, while related promissory notes follow local law in each borrower's jurisdiction. The deal spanned four jurisdictions and two currencies.
Who advised? Clifford ChanceDealroom has a profile for this one. Try Dealroom → advised the arrangers and the syndicate of lenders, with a New York team led by partner Hugo Triaca.
The signal: At $480 million, the financing ranks among the larger debt raises of its kind, landing in the top fifth by size. The cross-border, multi-currency structure underscores how regional consumer firms are tapping global bank syndicates to manage liquidity across expanding international footprints.
Read more: cliffordchance.com
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