Rebaza, Alcázar & De Las Casas advised Asica Farms S.A.C. ("Asica"), peruvian agro-export company with German capital that operates a 1,000 thousand hectare farm in the district of Olmos, province of Lambayeque, dedicated to the export of avocados, grapes and mango, in the design, negotiation, and implementation of the private restructuring of its commercial liabilities through the issuance and exchange of corporate bonds via a private offering, for an amount of up to US$ 10 million, with the participation of ACRES Sociedad Agente de Bolsa S.A. as bondholders’ representative.
The bonds were successfully placed as part of the first program consisting of two issuances: (i) the first issuance, for up to US$ 3 million, placed on November 13, 2024; and (ii) the second issuance, for up to US$ 956 thousand, placed on February 21, 2025.
The bonds were acquired by Asica’s main commercial creditors in exchange for outstanding credits against the company.
Through the corporate bond exchange Asica has successfully rescheduled its main commercial liabilities.