Milbank LLP advised the initial purchasers in connection with the inaugural $500 million offering of 2.750% senior notes due 2025 by Credicorp Ltd, the largest financial services holding company in Peru, with important operations across the Latin American region. Credicorp intends to use the net proceeds from this offering to fund general corporate purposes and increase the company’s liquidity position.
The Milbank deal team was led by Marcelo Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, along with associates Gonzalo Guitart, Meg Dennard and Osvaldo Norte Sabino. The team also included Tax partner Andrew Walker and associate Corey Spector.
Mr. Mottesi said, “We are pleased to have advised the initial purchasers in the inaugural bond offering for Credicorp. Milbank has been actively involved in advising clients in Peru on their most complex transactions, and we look forward to continuing our reputation as a leading legal advisor in the country and in other key Latin American markets.”
