Arcor exchange offer
The company issued new notes due 2027
Davis Polk advised the dealer managers in connection with the exchange offer by Arcor S.A.I.C. to exchange its outstanding 6.000% notes due 2023 for cash and new 8.250% notes due 2027.
Arcor is a leading Latin American producer of confectionery products, a leading South American producer of cookie products and one of the largest producers of hard candy and a leading candy exporter in Argentina, Brazil and Chile. Its product portfolio and brands reach millions of consumers in more than 90 countries and five continents, in regional markets such as Latin America, the United States, Africa, the Middle East and Europe.
The Davis Polk capital markets team included partner Maurice Blanco, counsel Drew Glover and associate Carlos Escandón. The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Members of the Davis Polk team are based in the New York, Northern California and London offices.