InRetail Shopping Malls Announces a Cash Tender Offer for Its 6.500% Senior Notes Due 2021

LIMA, Peru--()--InRetail Perú Corp announced that its Subsidiary, Patrimonio en Fideicomiso D.S. 093-2002-EF InRetail Shopping Malls, a Peruvian trust (“InRetail Shopping Malls”, the “Company” or “we”), has commenced a tender offer to purchase for cash any and all of its outstanding 6.500% Senior Notes due 2021 (the “Notes”), on the terms and subject to the conditions set forth in the Company’s Offer to Purchase and Consent Solicitation Statement dated March 13, 2018 (the “Statement”).

The Company is also soliciting consents to certain proposed amendments to the senior notes indenture governing the Notes to, among other things, eliminate substantially all of the restrictive covenants and certain events of default and reduce the minimum notice period required for optional redemptions of the Notes to three days on the terms and subject to the conditions set forth in the Statement.

The Company has retained Citigroup Global Markets Inc. and J.P. Morgan Securities LLC to serve as the dealer managers and solicitation agents for the tender offer and consent solicitation. Questions regarding the tender offer and consent solicitation may be directed to Citigroup Global Markets Inc. at Attn: Liability Management Group, (800) 558-3745 (toll-free), (212) 723-6106 (collect) and/or to J.P. Morgan Securities LLC at Attn: Latin America Debt Capital Markets, (866) 846-2874 (toll-free), (212) 834-7279 (collect). Requests for documents may be directed to Global Bondholder Services Corporation, the information agent for the tender offer, at (212) 430-3774 (collect) or at (866) 470-4300 (toll-free).

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Company Description:

InRetail is a leading Peruvian multi-format retailer, with leadership positions in three business segments: Supermarkets, Pharmacies and Shopping Malls. The company has a nationwide presence in Peru and was the first company to open stores and shopping malls outside of Lima. In 2017, sales and EBITDA reached S/ 7,810 million and S/ 825 million, respectively. The company has 268 supermarkets and hard-discount stores, 1,153 pharmacies, and 19 shopping malls with 633 thousand sqm of GLA.

InRetail is controlled by Intercorp Peru (www.intercorp.com.pe), one of Peru’s largest Business Groups, with activities in financial services, retail, real estate and education.

Contacts

InRetail Perú Corp
Vanessa Dañino
Investor Relations Officer
vanessa.danino@inretail.pe
(511) 612-5423

Contacts

InRetail Perú Corp
Vanessa Dañino
Investor Relations Officer
vanessa.danino@inretail.pe
(511) 612-5423