Shearman & Sterling represented San Miguel Industrias PET S.A., a portfolio company of the Nexus Group S.A., in connection with an underwritten high yield offering of $200,000,000 of its Senior Guaranteed Notes due 2020. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets, Inc. acted as Joint Bookrunners for the offering.

San Miguel Industrias PET S.A. is the leading Peruvian manufacturer and distributor of polyethylene resin-based preforms and bottles for end users in beverage, food and consumer product markets throughout Latin America. The proceeds of the offering were primarily used to repay a bridge loan issued to an affiliate of the Nexus Group S.A. in connection with the acquisition of San Miguel Industrias PET S.A., and also for general corporate purposes including capital expenditures and diversification opportunities (geography and other plastics).

The following Shearman & Sterling lawyers advised the issuer in this transaction: partners Antonia Stolper (New York-Capital Markets) and Denise Grant (New York-Project Development & Finance); associates Jesse Cuevas (San Francisco-Capital Markets), Ana Aur (Toronto-Capital Markets), Chris Dolan (Washington, DC-Project Development & Finance), Jeffery Tate (Washington, DC-Tax), Mary Jo Lang (Washington, DC-Tax), and Josh Rivera (New York-Corporate) and international associate Maria Mercado (New York-Capital Markets).