SÃO PAULO and NEW YORK, May 5, 2026 – Proskauer advised Grupo Nutresa S.A. and its subsidiaries (together “Grupo Nutresa”) on the issuance of $1.25 billion in subordinated perpetual capital notes in the Rule 144A and Regulation S markets. The transaction, which closed on April 21, 2026, marked the largest ever hybrid capital issuance in Latin America. 

The notes are perpetual securities with no fixed maturity, an uncommon structure in the Latin American market that is typically accessible only to issuers of Grupo Nutresa’s size, credit profile and market presence. Grupo Nutresa is one of Latin America’s leading food companies, with a broad portfolio of more than 100 brands, sales to more than 60 countries and an investment-grade credit rating. Headquartered in Colombia, the company has built an extensive international footprint that spans most countries in the Americas.

Goldman Sachs and Citigroup acted as initial purchasers and joint bookrunners for the offering.

The multi-office team was led by partners Antonio Piccirillo and Saulo Salles de Padua and associates Lilian Porto Reis and Gabriela Lomeli Rivas (LatAm). It also included partner Martin Hamilton and associate Maggie Livingstone (Tax); partner Peter Castellon (Capital Markets); partner Steven Weise (Finance); and partner Nathan Schuur and associate Tazia Statucki (Private Funds).

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