PPU counsels on additional tranche financing to Peru Rail

PPU has advised Banco de Crédito del Perú and Scotiabank Peru on the transaction for up to $44 million dollars

 Philippi Prietocarrizosa Ferrero DU & Uría Peru has counselled Banco de Crédito del Perú and Scotiabank Perú S.A.A. in the granting of an additional tranche under a pre-existing financing to Perú Rail S.A., increasing the total amount of the same up to the sum of $44 million US dollars.

This transaction, closed on 11 October, n involved the signing of an addendum to the existing credit agreement as well as addenda to the trust agreements for assets and flows previously established to guarantee the repayment of the debt.

PPU’s team consisted of partner Ignacio Lopez de Romaña (pictured left) and associate Augusto Iberico (pictured right).