Camposol’s $350 Million Offering

Cleary Gottlieb represented BofA Securities Inc., BBVA Securities Inc., Scotia Capital (USA) Inc., Santander Investment Securities Inc., and UBS Securities LLC, as initial purchasers, in the offering of $350 million 6% senior notes due 2027 issued by Camposol S.A. (Camposol), a company organized and existing under the laws of Peru, and guaranteed by Csol Holding Limited, a company organized and existing under the laws of Cyprus.

The offering was conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the United States in reliance on Regulation S. The transaction priced on January 28, 2020, and closed on February 3, 2020. The proceeds of the offering will be used for prepay mid-term loans and corporate purposes.

Founded in 1997, Camposol is a Peruvian multinational producer of fresh produce, including blueberries, avocados, and tangerines, for leading global retailers and wholesalers. It has operations in Peru, Colombia, Chile, and Uruguay.