Alicorp looks to refinance Bolivian acquisitions

Alicorp looks to refinance Bolivian acquisitions

Bonds Peru Bolivia M&A Loans Corporate & Sovereign Strategy Fixed Income

Peru's Alicorp plans to issue roughly PEN500m ($148m) in bonds to refinance two recent acquisitions in Bolivia, sources told LatinFinance. Market sources did not provide information on the maturity or the pricing of the bonds. Alicorp got a four-year, $400m loan in May from four banks — JPMorgan, MUFG, Scotiabank and SMBC — after it agreed to buy Industrias de Aceite, maker of the Fino brand of cooking oil, for $293m. Alicorp also agreed at the time to buy the Bolivian oilseeds crusher and consu

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