CAMPOSOL S.A. SUCCESSFULLY REOPENS ITS 9.875% USD 125 MM SENIOR NOTES DUE 2017
25 April 2014 - 4:15PM
Reference is made to the announcement from Camposol Holding Ltd
dated 16 April 2014.
Camposol S.A. has successfully reopened its 9.875% USD 125
million senior notes due 2017 raising gross proceeds of USD 75
million, which will be guaranteed by Camposol Holding Ltd as parent
guarantor and Marinazul S.A. and Campoinca S.A. as subsidiary
guarantors. Settlement of the proposed bond issue is
scheduled for April 30th, 2014. The net proceeds from the
bond issue will be used for capital expenditures, mainly for the
expansion of the blueberries' and
shrimps' businesses.
The Notes will be issued as additional notes of,
and will form a single issue with, the USD 125 million 9.875% Notes
due 2017 issued on February 2, 2012. The total aggregate
principal amount of the 9.875% notes due 2017 that will be
outstanding following this reopening will be USD 200 million. "We
are delighted to announce the reopening of our bonds, raising gross
proceeds of USD 75 million which together with the USD 125 million
issued in 2012 now total USD 200 million outstanding senior notes
due 2017. These proceeds will allow Camposol to consolidate
the company's next growth stage based upon the
blueberries' and shrimps' business units," says Maria
Cristina Couturier, Chief Financial Officer of Camposol S.A.
For further information, please
contact:
Maria Cristina Couturier, CFO
mcouturier@camposol.com.pe
Maria Elena Olmos, Head of Investor Relations
molmos@camposol.com.pe
About CAMPOSOL
CAMPOSOL is the leading agro industrial company
in Peru, the largest exporter of asparagus and soon the first
producer of avocados in the world. It is involved in the harvest,
processing and marketing of high quality agricultural products such
as avocados, asparagus, blueberries, grapes, mangoes, peppers,
artichokes, tangerines and shrimps; which are exported to Europe,
the United States of America and Asia.
CAMPOSOL is a vertically integrated company
located in Peru, offering fresh, preserved and frozen products. It
is the third largest employer of the country, with more than 11
thousand workers in high season, and is committed to support
sustainable development through a social responsibility policy and
projects that increases the shared-value for all of its
stakeholders.
CAMPOSOL was the first Peruvian agro industrial
company to present annual audited Sustainability Reports and has
achieved the following international certifications: BSCI, Global
Gap, IFS, HACCP and BRC among others.
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