CORPORACIÓN LINDLEY SA Citi JP Morgan
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http://www.oblible.com LISTING PROSPECTUS CORPORACIÓN LINDLEY S.A. U.S.$260,000,000 4.625% Notes Due 2023 The U.S.$260,000,000 4.625% notes due 2023 (the “Notes”) are being offered by Corporación Lindley S.A. (the “Issuer,” the “Company” or “Lindley”). The Notes will mature on April 12, 2023. The Notes will bear interest at a rate of 4.625% per year and will be payable on April 12 and October 12 of each year, or if such date is not a Business Day (as defined herein) on the next succeeding Business Day (without any additional interest being payable as a result of such delay) (each, a “Payment Date”). The first Payment Date will be October 12, 2013. The principal on the Notes outstanding on October 12, 2021, will be repaid by semi-annual payments made during the two years prior to the final maturity of the Notes. The principal payments will be made in four equal installments on October 12, 2021, April 12, 2022, October 12, 2022 and April 12, 2023. The final maturity date of the Notes will be April 12, 2023. The Notes will rank at all times equally with all of our existing and future senior unsecured indebtedness (other than obligations preferred by statute or by operation of law). Lindley may redeem the Notes, in whole or in part, at any time by paying the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) a “make-whole” amount, plus in each case accrued and unpaid interest to the redemption date, as described under “Description of the Notes— Optional Redemption.” Unless previously redeemed or purchased and cancelled as provided below, we will redeem the Notes at their principal amount on April 12, 2023. The Notes will not be guaranteed by The Coca-Cola Company. For a more detailed description of the Notes, see “Description of the Notes” beginning on page 90. Investment in the Notes involves risks. See “Risk Factors” beginning on page 12 of this offering memorandum (the “Offering Memorandum”). ________________ Issue Price: 100.00% of face amount plus accrued interest, if any, from April 12, 2013. ________________ THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY ONLY BE OFFERED OR SOLD WITHIN THE UNITED STATES TO QUALIFIED INSTITUTIONAL BUYERS IN RELIANCE ON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY RULE 144A OR OUTSIDE THE UNITED STATES TO NON-U.S. PERSONS IN RELIANCE ON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY REGULATION S. PROSPECTIVE PURCHASERS ARE HEREBY NOTIFIED THAT SELLERS OF THE NOTES MAY BE RELYING ON THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY RULE 144A OR REGULATION S. FOR CERTAIN RESTRICTIONS ON RESALES, SEE “TRANSFER RESTRICTIONS.” ANY OFFER OR SALE OF NOTES IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (THE “EEA”) THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (THE “PROSPECTUS DIRECTIVE”) MUST BE ADDRESSED TO QUALIFIED INVESTORS (AS DEFINED IN THE PROSPECTUS DIRECTIVE). The Notes are registered with the Foreign Investment and Derivatives Instruments Registry (Registro de Instrumentos de Inversión y de Operaciones de Cobertura de Riesgo Extranjeros) of the Peruvian Superintendencia de Banca, Seguros y Administradoras Privadas de Fondos de Pensiones (“SBS”) for Peruvian private pension fund investment eligibility, as required by Peruvian legislation. The Notes (or beneficial interests therein) may not be offered or sold in the Republic of Peru (“Peru”) or any other jurisdiction except in compliance with the securities law thereof. Application has been made to the Luxembourg Stock Exchange for the Notes to be admitted to the Official List and trading on the Euro MTF market. There can be no assurance that such application will be granted as of the settlement date for the Notes or at any time thereafter, and settlement of the Notes is not conditioned on obtaining this listing. This Offering Memorandum can only be used for the purposes for which it was published. This Offering Memorandum constitutes a prospectus for the purposes of the Luxembourg Law on prospectuses for securities, dated July 10, 2005, as amended, and is exclusively for the listing and admission to trading of the Notes. The initial purchasers expect to deliver the Notes to purchasers in book-entry form only through the facilities of The Depository Trust Company (“DTC”), Euroclear Bank, S.A./N.V. (“Euroclear”) and Clearstream Banking, société anonyme Luxembourg (“Clearstream”) on or about April 12, 2013. Joint Lead Managers Citi J.P. Morgan The date of this Offering Memorandum is April 12, 2013. http://www.oblible.com TABLE OF CONTENTS Notice to Investors.........................................................................................................................................................v Available Information...................................................................................................................................................vi Service of Process and Enforcement of Civil Liabilities .............................................................................................vii Forward-Looking Statements .......................................................................................................................................ix Presentation of Financial and Other Information...........................................................................................................x Summary........................................................................................................................................................................1 Risk Factors.................................................................................................................................................................12 Use of Proceeds ...........................................................................................................................................................23 Capitalization...............................................................................................................................................................24 Exchange Rate .............................................................................................................................................................25 Selected Consolidated Financial Information and Other Information and Operating Data .........................................26 Management’s Discussion and Analysis of Financial Condition and Results of Operations ......................................30 Description of the Company........................................................................................................................................57 Shareholders ................................................................................................................................................................80 Related Party Transactions ..........................................................................................................................................83 Directors and Senior Management ..............................................................................................................................84 Description of the Notes ..............................................................................................................................................90 Book-Entry, Delivery and Form................................................................................................................................129 Taxation.....................................................................................................................................................................133 Plan of Distribution ...................................................................................................................................................138 Transfer Restrictions..................................................................................................................................................144 ERISA Considerations...............................................................................................................................................146 Legal Matters.............................................................................................................................................................147 Independent Auditors ................................................................................................................................................148 General Information ..................................................................................................................................................149 Index to Financial Section ......................................................................................................................................... F-1 i __________________________ In this Offering Memorandum, “Lindley,” the “Company,” the “Issuer,” “we,” “us,” “our” and “our company” refer to Corporación Lindley S.A., and its wholly-owned consolidated subsidiary Embotelladora La Selva S.A. (“La Selva”), each, a sociedad anonima (corporation) incorporated in Peru, unless the context otherwise requires or unless specified otherwise. “The Coca-Cola Company” refers to The Coca-Cola Company and its subsidiaries unless the context otherwise requires or unless specified otherwise. As used in this Offering