April 14, 2014
Peruvian agribusiness firm Camposol could reopen its 9.875% $125m 2017 bond to raise a further $75m, according to a ratings report issued on Friday. Camposol has approached the bondholders with a consent solicitation deal, asking them to waive a debt ceiling clause in the bond documentation. It is offering a 50-cent consent solicitation fee to bondholders that agree to lift the debt limit. The company wants to tap the bond before May 15. Credit Suisse and Santander are managing the transaction.
Debt Capital Markets: Peruvian agribusiness firm wants to return to the bond market two years after debut, but needs bondholders’ approval