Cementos Pacasmayo S.A.A. Announces Closing of Private Offering of US$300 Million in Senior Notes

LIMA, Peru--()--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.

“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.”

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/.

Contacts

In Lima:
Cementos Pacasmayo Investor Relations
Ignacio Martinelli / Email: imartinelli@cpsaa.com.pe
Claudia Bustamante/ Email: cbustamante@cpsaa.com.pe
Tel: 511‐317‐6000 ext. 2165
or
In New York:
Rafael Borja / Melanie Carpenter
i‐advize Corporate Communications, Inc.
Tel: 212-406‐3693
E‐mail: cementospacasmayo@i‐advize.com

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