Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A/Regulation S offering by Arcor S.A.I.C. of an aggregate principal amount of $350 million of 6.000% fixed rate notes due 2023. Concurrently, Davis Polk advised the dealer managers on a tender offer and consent solicitation by Arcor S.A.I.C. for its outstanding 7.25% fixed rates notes due 2017.

Arcor S.A.I.C. is a leading Latin American producer of confectionery products, one of the largest producers of hard candy and a leading candy exporter in Argentina, Brazil and Chile.

The Davis Polk corporate team included partner Maurice Blanco and counsel Drew Glover. The tax team included partner Kathleen L. Ferrell and associate Rachel Lerner. Members of the Davis Polk team are based in the New York and São Paulo offices.

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