Estudio Echecopar, member firm of Baker McKenzie International, acted as Peruvian counsel to Santander Investment Securities Inc., as Dealer Manager, in connection with Pesquera Exalmar S.A.A.´s tender offer for cash to purchase USD 59´107,000 aggregate principal amount of its outstanding 8.000% Senior Notes due 2025 (the “Tender Offer”).
Partner Alonso Miranda and senior associate Renzo Luna advised Santander Investment Securities Inc. throughout the process.
The proceeds for the Tender Offer were obtained from Pesquera Exalmar S.A.A.´s USD 148,400,000 medium-term loan granted by Banco Santander, S.A. and Coöperatieve Rabobank U.A. where Estudio Echecopar, member firm of Baker & McKenzie also advised the lenders and the administrative agent.
Pesquera Exalmar S.A.A. is a leading Peruvian producer of fishmeal and fish oil, primarily for the livestock and aquaculture industries, who also produces frozen seafood for direct human consumption, consolidated as the third largest producer of fishmeal and fish oil in Peru in 2020 in terms of volume, according to the Ministry of Production of Peru.
