Auna Launches $365 Million Senior Secured Notes Offering and Concurrent Cash Tender Offer

Davis Polk advised Auna, S.A. in connection with a $365 million offering of senior secured notes and a concurrent cash tender offer and consent solicitation. The transaction comprised an offering of $365 million aggregate principal amount of 8.750% senior secured notes due 2032 co‑issued by Auna and Oncosalud S.A.C. The offering included $328.5 million issued pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933 and a concurrent private placement of $36.5 million to the International Finance Corporation in accordance with Section 4(a)(2) of the Securities Act. The notes are guaranteed on a senior secured basis by certain subsidiaries of Auna. Davis Polk also advised Auna in connection with its concurrent cash tender offer and consent solicitation for any and all of its outstanding 10.000% senior secured notes due 2029. The cash tender offer was funded with the proceeds of the notes offering. Auna is one of Latin America’s leading healthcare platforms, with operations in Mexico, Peru and Colombia. The company prioritizes prevention and focuses on complex diseases that drive the highest healthcare spending. Its mission is to transform healthcare by delivering access to an integrated offering of services in low‑penetration Spanish‑speaking Latin American markets. As of June 30, 2025, Auna’s network comprised 31 healthcare facilities — including hospitals, ambulatory centers and prevention and wellness centers — with a total of 2,333 beds and approximately 1.4 million health plan members. Davis Polk represented client(s) Auna, S.A. with a team composed by: partner Maurice Blanco (Corporate); associate Marcos Sauquet Trias (Corporate); counsel James Vickers (Finance); associate José Miguel Fernández Mejía (Finance); partner Ethan R. Goldman (Tax); counsel Liang Zhang (Tax); associate Valentin Van de Walle (Tax); associates Caleb Beavers and Gianmarco Dedós Capote (Investment Company Act of 1940 advice); and counsel Andrew H. Braid (Executive Compensation). Members of the Davis Polk team were based in the New York and São Paulo offices.

Auna Launches $365 Million Senior Secured Notes Offering and Concurrent Cash Tender Offer

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