Cementos Pacasmayo S.A.A. Announces Closing of Private Offering of US$300
Million in Senior Notes
LIMA, Peru -- February 12, 2013
Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) (“Cementos Pacasmayo” or
“the Company”) announced the closing of a private offering on February 8, 2013
of US$300 million in Senior Notes (“The Notes”) due in 2023. The Notes have a
coupon of 4.50% and were offered inside the United States to qualified
institutional buyers based on Rule 144A under the Securities Act, and to
persons outside the United States based on Regulation S under the Securities
Act. This offering was oversubscribed by more than 8 times. The Bonds were
rated “BBB-“ by Fitch Ratings and “BB+” by Standard & Poor’s.
Net proceeds from the offering will be used to prepay existing debt and for
capital expenditures incurred in connection with its cement business.
Mr. Humberto Nadal, the Company´s CEO said: “We are very pleased with the
outcome of this transaction. It demonstrates the Company´s ability to access
diversified funding sources to meet expected growth in the coming years.”
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and
shall not constitute an offer, solicitation or sale in any jurisdiction in
which such offering would be unlawful.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the only
cement manufacturer in the Northern region of Peru. In February 2012, the
Company’s shares were listed on The New York Stock Exchange - Euronext under
the ticker symbol "CPAC". With more than 54 years of operating history, the
Company produces, distributes and sells cement and cement-related materials,
such as concrete blocks and ready-mix concrete. Cementos Pacasmayo’s products
are primarily used in construction, which has been one of the fastest-growing
segments of the Peruvian economy in recent years. The Company also produces
and sells quicklime for use in mining operations.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These statements
are statements that are not historical facts, and are based on management’s
current view and estimates of future economic circumstances, industry
conditions, Company performance and financial results. Also, certain
reclassifications have been made to make figures comparable for the periods.
The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and
similar expressions, as they relate to the Company, are intended to identify
forward-looking statements. Statements regarding the declaration or payment of
dividends, the implementation of principal operating and financing strategies
and capital expenditure plans, the direction of future operations and the
factors or trends affecting financial condition, liquidity or results of
operations are examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and
uncertainties. There is no guarantee that the expected events, trends or
results will actually occur. The statements are based on many assumptions and
factors, including general economic and market conditions, industry
conditions, and operating factors. Any changes in such assumptions or factors
could cause actual results to differ materially from current expectations.
For more information please visit www.cementospacasmayo.com.pe/investors/.
Cementos Pacasmayo Investor Relations
Ignacio Martinelli / Email: firstname.lastname@example.org
Claudia Bustamante/ Email: email@example.com
Tel: 511‐317‐6000 ext. 2165
In New York:
Rafael Borja / Melanie Carpenter
i‐advize Corporate Communications, Inc.
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