Camposol set for 2017 tap

Camposol set for 2017 tap


Peruvian agribusiness firm Camposol is preparing to tap its 9.875% $125m 2017 NC 2015 bond for $75m in the coming weeks, after receiving approval from bondholders to do so. Camposol asked bondholders to waive a debt ceiling clause in the bond documentation, offering a consent solicitation fee to creditors that agreed of 50 cents per $100 of bonds held. Creditors holding a majority of the bonds approved the request, and the borrower now plans to tap the bond before May 15, Camposol said. Credit S

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