Maestro Perú in U.S.$200 Million Senior Notes Offering

September 26, 2012

Cleary Gottlieb represented Maestro Perú in its offering of U.S.$200 million aggregate principal amount of 6.75% Senior Notes due 2019. The transaction priced on September 21 and closed on September 26. The notes, issued in reliance on Rule 144A/Regulation S, are guaranteed on a senior basis by Maestro’s subsidiaries and will be listed on the Luxembourg Stock Exchange. The notes received a BB– rating from Fitch and a Ba2 rating from Moody’s. The proceeds from the issuance of the notes will be used to prepay certain short- and long-term debt, to fund capital expenditures and for general corporate purposes.

Maestro is a leading Peruvian retailer of home improvement and construction products with stores in Lima and eight other large cities throughout Peru. Its largest shareholder is Enfoca Inversiones, Peru’s largest private equity fund manager in terms of assets under management.