Maestro Perú S.A. U.S.$200,000,000 6.75% Senior Notes due 2019 We are offering U.S.$200,000,000 principal amount of 6.75% Senior Notes due 2019 (the “Notes”). The Notes will mature on September 26, 2019. Interest will accrue on the Notes from September 26, 2012, and be payable on each March 26 and September 26, and the first interest payment date will be March 26, 2013. Prior to September 26, 2016, we may redeem some or all of the Notes at any time, in whole or in part, at a price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest and additional amounts, if any, to the redemption date, plus a “make-whole” premium. We may also redeem all or part of the Notes on or after September 26, 2016 at the redemption prices set forth herein plus accrued and unpaid interest and additional amounts, if any, to the redemption date. At any time prior to September 26, 2015, we may also redeem on any one or more occasions up to 35% of the aggregate initial principal amount of the Notes using the proceeds of certain equity offerings at the redemption price of 106.75% of the principal amount plus accrued and unpaid interest and additional amounts, if any. We may also redeem the Notes, at any time, upon the occurrence of specified events relating to Peruvian tax law, as set forth in this offering memorandum. See “Description of Notes—Optional Redemption for Changes in Taxes.” Payments in respect of the Notes may be subject to withholding or deduction for or on account of, taxes imposed by the Republic of Peru (“Peru”) or any jurisdiction through which payment is made. Subject to certain exceptions, we will pay such additional amounts as will result in the receipt by holders of such amounts as would have been received had no such withholding or deduction been required. See “Description of Notes—Additional Amounts.” We must offer to purchase Notes if we experience specific kinds of changes of control or sell assets under certain circumstances. The Notes will rank equally with all of our existing and future senior unsecured obligations (other than obligations preferred by statute or by operation of law) and junior to all of our existing and future secured debt to the extent of the value of the assets securing such debt. The Notes will be guaranteed by all of our subsidiaries existing as of the issue date and by certain of our future direct or indirect subsidiaries. There is currently no public market for the Notes. Application has been made to admit the Notes to the official list of the Luxembourg Stock Exchange and for the Notes to be traded on the Euro MTF Market of the Luxembourg Stock Exchange; however, the Notes have not yet been listed. See “Risk Factors” beginning on page 15 for a discussion of certain risks that you should consider in connection with an investment in the Notes. Neither the Notes nor the guarantees have been nor will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction (other than the securities laws of Peru). We are offering the Notes only to qualified institutional buyers under Rule 144A under the Securities Act and to non-U.S. persons outside of the United States in reliance on Regulation S under the Securities Act. For further details about eligible offerees and resale restrictions, see “Notice to Investors.” Application will be made to register the Notes and this offering memorandum with the Peruvian Securities Markets Superintendency (Superintendencia del Mercado de Valores, or “SMV”) for purposes of offering the Notes to institutional investors in Peru. In Peru, this offering will be considered a public offering that will be directed exclusively to “institutional investors” (as such term is defined under the Seventh Final Disposition of Conasev Resolution No. 141-98-EF/94.10.1, as amended). In addition, application will be made to register the Notes with the Foreign Investment and Derivative Instruments Registry (Registro de Instrumentos de Inversión y de Operaciones de Cobertura de Riesgo Extranjeros) of the Peruvian Banks, Insurance and Private Pension Fund Managers Superintendency (Superintendencia de Banca, Seguros y Administradoras Privadas de Fondos de Pensiones) for Peruvian private pension fund investment eligibility, as required by Peruvian law. The Notes may not be offered or sold in Peru or any other jurisdiction except in compliance with the securities laws thereof. Issue Price: 100% We expect that delivery of the Notes will be made to investors in book-entry form through The Depository Trust Company (“DTC”), and through Clearstream Banking, société anonyme (“Clearstream”), and Euroclear Company S.A./N.V., as DTC participants, on or about September 26, 2012. Joint Book-Running Managers BofA Merrill Lynch J.P. Morgan Co-Manager Co-Manager LarrainVial Scotiabank Local Placement Agent Scotia Bolsa The date of this offering memorandum is September 21, 2012. Neither we nor the initial purchasers have authorized anyone to provide you with any information other than that contained in this offering memorandum. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We and the initial purchasers are offering to sell the Notes only in jurisdictions where offers and sales are permitted. You should not assume that the information contained in this offering memorandum is accurate as of any date other than the date on the front cover of this offering memorandum. _______________ TABLE OF CONTENTS NOTICE TO INVESTORS ...................................................................................................................................... iv AVAILABLE INFORMATION .............................................................................................................................. vi ENFORCEMENT OF CIVIL LIABILITIES ....................................................................................................... vii FORWARD-LOOKING STATEMENTS ............................................................................................................ viii PRESENTATION OF FINANCIAL AND OTHER INFORMATION ............................................................... ix SUMMARY ................................................................................................................................................................ 1 RISK FACTORS ..................................................................................................................................................... 15 USE OF PROCEEDS .............................................................................................................................................. 26 CAPITALIZATION ................................................................................................................................................ 27 EXCHANGE RATES .............................................................................................................................................. 28 SELECTED CONSOLIDATED FINANCIAL INFORMATION AND OTHER INFORMATION AND OPERATING DATA ....................................................................................................................... 29 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ................................................................................................................. 33 DESCRIPTION OF THE COMPANY .................................................................................................................. 53 DIRECTORS AND SENIOR MANAGEMENT ................................................................................................... 68 PRINCIPAL SHAREHOLDERS ........................................................................................................................... 72 RELATED-PARTY TRANSACTIONS ................................................................................................................ 73 DESCRIPTION OF NOTES .................................................................................................................................. 74 BOOK-ENTRY, DELIVERY AND FORM ........................................................................................................ 122 TAXATION ............................................................................................................................................................ 127 PLAN OF DISTRIBUTION ................................................................................................................................. 131 TRANSFER RESTRICTIONS ............................................................................................................................. 136 LEGAL MATTERS .............................................................................................................................................. 138 INDEPENDENT AUDITORS .............................................................................................................................. 139 GENERAL INFORMATION ............................................................................................................................... 140 INDEX TO FINANCIAL STATEMENTS ........................................................................................................... F-1 i We are providing this offering memorandum only to prospective purchasers of the Notes. You should read