Exalmar fills buyback of 2025 notes

Exalmar fills buyback of 2025 notes

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Peru

Peruvian fishing company Pesquera Exlamar said it agreed to repurchase $59.1 million worth of 8% 2025 bonds, or 97% of the outstanding amount, according to a statement on Monday. Lima-based Exalmar offered in May to pay face value for the $60.9 million in 2025 notes with Santander as the dealer manager. It also said it would get a term loan to pay for the buyback. The fish meal producer issued the 2025 notes as part of a bond swap in January 2018. The company took out a a five-year, $100 million

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