Alicorp S.A.A. Reveals Average Representative Market Rate for Tender Offer
Alicorp S.A.A. (Lima Stock Exchange: ALICORC1 and ALICORI1) announces the Average Representative Market Rate, crucial for calculating the amount in U.S. dollars payable for the Consideration of all accepted Notes in its cash tender offer. This offer relates to the outstanding 6.875% Senior Notes due 2027.
Understanding the Tentative Payments
The Average Representative Market Rate is set at S/ 3.6347. Pending the completion of necessary conditions, the expected total amount of U.S. dollars payable on the Settlement Date for the Notes validly tendered will be approximately U.S. $202,042,117.74, which includes accumulated interest.
Role of Dealer Managers in the Offer
Alicorp has engaged respected financial entities including BBVA Securities Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC as Dealer Managers to lead the Offer. For further inquiries regarding the Offer, interested persons may connect directly with the dealers through the listed contact numbers.
Details Pertaining to the Offer
The specific terms and conditions of the Offer have been outlined in the Offer to Purchase. This document is available directly from D.F. King & Co., Inc., which serves as the Information Agent and Tender Agent for the Offer. The interested parties can reach D.F. King through the provided telephone numbers for further assistance.
Alicorp's Commitment to Transparency
Alicorp firmly emphasizes that this announcement does not constitute an offer to sell the Notes or solicit any offers for securities. The company along with its Dealer Managers and Agents declines to recommend the Offer as it is, seeking only to provide clear information in compliance with applicable laws and regulations.
About Alicorp S.A.A.
Alicorp stands out as a notable producer, distributor, and marketer of branded consumer products tailored to meet the needs across three key sectors: consumer goods, aquafeed, and B2B branded products. With its headquarters in Peru, Alicorp operates 29 manufacturing facilities and has expanded growth into several international markets including countries like Ecuador, Chile, Bolivia, and Honduras.
Frequently Asked Questions
What is the Average Representative Market Rate announced by Alicorp?
The Average Representative Market Rate is set at S/ 3.6347.
What is the total expected payment for the Notes in the tender offer?
The anticipated total payment for the Notes is approximately U.S. $202,042,117.74, inclusive of interest.
Who are the Dealer Managers for Alicorp's tender offer?
Alicorp has appointed BBVA Securities Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC as Dealer Managers.
Where can one find the complete terms of the Offer?
The complete offer terms can be accessed via D.F. King’s contact points.
What sectors does Alicorp operate in?
Alicorp operates in consumer goods, aquafeed, and B2B branded products.
