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A&O Shearman advises banks on SURA Asset Management’s USD500 million bond offering and cash tender offer

A&O Shearman advises banks on SURA Asset Management’s USD500 million bond offering and cash tender offer
Published Date
May 21 2025
A&O Shearman represented the initial purchasers and dealer managers in connection with SURA Asset Management’s offering of USD500m 6.350% Senior Guaranteed Notes due 2032 under Regulation S and Rule 144A, and the tender offer to purchase for cash up to USD175m in aggregate principal amount of its 4.375% Senior Guaranteed Notes due 2027 (the “2027 Notes”).

SURA Asset Management intends to use the proceeds from the offering for general corporate purposes, including repaying certain loans and purchasing the 2027 Notes accepted in the tender offer.

SURA Asset Management is a leading asset management firm that serves 23.4 million clients and specializes in retirement savings solutions and investment solutions for individuals, corporates, and financial institutions primarily in Latin America.

The A&O Shearman team was led by Capital Markets partner Alejandro A. Gordano and included Capital Markets visiting attorneys Moises Gonzalez and Delfina Meccia, Tax partner Lorenz Haselberger, and Tax associate Daniel Kachmar.

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